[moneydance] Sub Accounts

[Chuck]

In the past I tried to keep an 'envelope system' within MD and it worked but was somewhat complicated. 

Later I found the Envelope Budget Spreadsheet[1] from It's Your Money. This is a great simple product to keep track of my envelope spending when going straight from the checking account via debit card or check. So there is double work to do when spending money due to an entry in MD and an entry in the spreadsheet, but for the benefits of keeping track of my spending this way its worth the time (which works out to a few minutes) and effort (to learn and set it up).

So until Sean and company integrate an envelope system into MDI'll keep doing things this way.


[1]http://www.mdmproofing.com/iym/products/envelope-check-register/
Chuck


"It is sometimes a mistake to climb;
it is always a mistake never even to make the attempt"



----- Original Message ----
> From: Barry Miller <barry56 at dejazzd.com>
> To: moneydance-info at moneydance.com
> Sent: Saturday, July 25, 2009 7:52:30 PM
> Subject: [moneydance] Sub Accounts
> 
> I previously wrote about difficulties reconciling my account. I use  
> sub-accounts under my main account to as envelopes. What I do is  
> deposit each sub-account with the budgeted amount and then withdraw  
> from that account rather than moving the funds over to the main  
> account and disbursing from there. Then when I reconcile I will  
> include sub-accounts. Am I making the whole process more complicated  
> then it needs to be? I really like the sub-accounts because then I  
> know what is available to spend and I have the needed funds when  
> needed for specific area.
> 
> Thank you,
> Barry
> _______________________________________________
> moneydance-info mailing list
> moneydance-info at moneydance.com
> http://moneydance.com/mailman/listinfo/moneydance-info