Timeline for Family Budget: How to avoid double counting spending pulled from short term savings?

9 events

when toggle format	what		by	license	comment
Dec 13, 2016 at 23:41	answer	added	RonJohn		timeline score: 1
Apr 21, 2015 at 18:06	vote	accept	Robert
Apr 19, 2015 at 3:36	answer	added	Ben Miller		timeline score: 6
Apr 18, 2015 at 20:47	comment	added	BrenBarn		There's a difference between a budget (which shows what you intend to spend money on in the future) and a ledger/transaction record (which shows what you spent money on in the past). It sounds to me like what you should do is list the saving on the budget (so you set aside money for it), but record the actual purchase in a record of transactions (so you can see what you bought and how much it cost).
Apr 18, 2015 at 20:30	comment	added	Robert		I suppose i want to include it when I buy it so that we can later look back and easily see what we spent the money on and how much it cost.
Apr 18, 2015 at 19:23	comment	added	BrenBarn		Why do you want to include it when you buy it? You can't include it in both places without including it in both places. One approach would be to not budget the savings as "short-term savings" but as "furniture", so that you consider yourself to have "spent" the money on furniture when you put it in the savings account.
Apr 18, 2015 at 19:15	review	Close votes
Apr 18, 2015 at 20:25
Apr 18, 2015 at 17:48	review	First posts
Apr 18, 2015 at 18:25
Apr 18, 2015 at 17:43	history	asked	Robert	CC BY-SA 3.0