How to allocate money in investment account for future expenditures?

Fuseboy's Avatar

Fuseboy

Sep 01, 2020 @ 09:15 PM

Hi all,

I use a cash management account for nearly all of my checking and savings needs. I have this set up in Moneydance as an investment account. A portion of these funds I hold in cash, or cash equivalents, to save for future expenditures, like taxes, insurance premiums, and other periodic expenses.

When I held funds in a Mondeydance bank account, it was easy to create a subaccount to hold these funds until needed, and I could see at a glance what I had allocated to each category from the main account balance.

I understand investment accounts don't have subaccounts (bummer! please add!). Is there any way at all to mimic this functionality? Some way to create a contra account? I'm trying to manage it all on a spreadsheet right now, and it is not going well. I'd really like to see it in Moneydance.

Thanks in advance for any suggestions.

  1. System closed this discussion on Dec 01, 2020 @ 09:20 PM.

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