Advanced Budget of my Savings Goal

I recently read a post that stated that you could not set savings goals in
Advanced Budget if you had debt to be paid, ie credits cards, etc. I
understand this "feature", but where in my budget, what category, etc, can I
add items like retirement, savings, etc? Or is Savings Goals the best place
and I just need to pay off all my debt first?

My primary goal is to just set aside a couple of hundred bucks each month
and I want to make sure I track that, but not by using fake accounts.

-Rich

"Rich Dreiman" <rdreiman@carolina.rr.com> wrote in message
news:46d7f74e$0$18982$4c368faf@roadrunner.com...
>I recently read a post that stated that you could not set savings
>goals in Advanced Budget if you had debt to be paid, ie credits
>cards, etc. I understand this "feature", but where in my budget,
>what category, etc, can I add items like retirement, savings, etc?
>Or is Savings Goals the best place and I just need to pay off all my
>debt first?
>
> My primary goal is to just set aside a couple of hundred bucks each
> month and I want to make sure I track that, but not by using fake
> accounts.

Savings Goals never have been well supported in Money.
--
Chris Cowles
Gainesville, FL

In the Budget tool in 2007, there are a few different major categories:

-Income
-Committed Expenses
-Fun
-Irregular Expenses
-Savings & Debt
-Retirement

So you could easily use either Savings & Debt or Retirement as the category
where you could budget and track some savings.

Let's say your Savings & Debt category is allocated 10% of your total
income, and you make $1000 a month. That means S&D would get $100 a month
for it's budget. You could then set aside 10% of S&D's budget for savings,
and the other 90% for debt, so you would use the Planned column and enter $90
for Credit Card Payments/Transfers, and $10 for 'Transfers to: Savings
Account'.

-Louis


"Rich Dreiman" wrote:

> I recently read a post that stated that you could not set savings goals in
> Advanced Budget if you had debt to be paid, ie credits cards, etc. I
> understand this "feature", but where in my budget, what category, etc, can I
> add items like retirement, savings, etc? Or is Savings Goals the best place
> and I just need to pay off all my debt first?
>
> My primary goal is to just set aside a couple of hundred bucks each month
> and I want to make sure I track that, but not by using fake accounts.
>
> -Rich
>
>
>