Can Money Dance categorize savings in buckets

Kathy Layman's Avatar

Kathy Layman

09 Aug, 2019 02:03 AM

Hi,

I am looking for a finance software to help simplify budgeting (currently use excel). I divide my savings account into categories so that one account is actually saving for many different things at once. For example, we pay car insurance once a year, I divide the amount owed by 12 months and save incrementally so that the money is available when the bill is due. Occasionally a category might be negative if a big expense came up and I borrow against myself. Can Money Dance break up an account into many categories?

For example, if I had $1000 in savings, it might be divided up as $500 long term savings; $200 insurance; $-100 car; $400 travel savings.

  1. 1 Posted by derekkent23 on 09 Aug, 2019 06:32 AM

    derekkent23's Avatar

    I am not support staff, just a user.

    I don’t use the budgeting feature myself but take a look at these set of articles https://infinitekind.tenderapp.com/kb/budgeting-2

    Try it out for yourself.

    The downloaded version of Moneydance is a full working version with the only limit being a maximum of 100 manually entered transactions, with no time limit. Imported files from other financial programs and your bank have no limit on imports, provided that you do not confirm them. If you decided to purchase you are sent a key by email that unlocks the 100-manual transaction limit. If after testing with this free trial version you purchase and change your mind see the 90 day money back guaranty at https://infinitekind.com/refunds
    For the future Moneydance never sunsets the version it releases. So, you don’t have to upgrade. If you won’t to upgrade the next version is free (say 2017 to 2019) and from then on you get a 50% discount. All upgrades within a version are free.

    Make sure you are running this build of Moneydance https://infinitekind.com/preview

    For information on how to use Moneydance see https://infinitekind.tenderapp.com/kb

    Hope this helps.

  2. System closed this discussion on 08 Nov, 2019 06:40 AM.

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