Hi everyone!
Ok, so in QuickBooks (for my business) I can have a specific savings account, and then under that account split it into separate sub-accounts that have specific portions in each sub-account.
I don't have actual accounts for the sub accounts. It is just a way of having one large savings account and then keeping track of what all that money is for. If that makes sense?
So, for our personal savings... I have been trying to figure out if any of the financial software out there would take our personal savings account, and then let us make "savings goals" for various items (let's say new car, kids braces, family vacation). We would set how much we want to save for each, set a time we want that saved by, and it would help us keep track of monthly contributions to get to each goal (but all within one savings account). So it would tell us we need to save $68/month to reach our new car goal in four years, $45/month to reach the braces goal in two years, $120/month to reach our vacation goal in one year, etc.
On Mint we can set savings goal but only one goal per account. So we can't splice it off into multiple goals to keep track of.
Is this beyond the scope of any personal finance software? Do I need to just figure out how to create this in excel? Just really wanted it accesible on my SO's android devices. She has stated that inputting into Excel kind of overwhelms her.
Hopefully this makes sense and thanks so much for any advice at all :)
Edit: Quicken seems to have this sort of setup for personal finance with their "Goals" piece... but their android app has awful reviews so it probably isn't worth the cost?
Submitted January 19, 2020 at 09:51PM by tirwander https://ift.tt/30BS0Kn
