I have one checking account that is made up of a number of "funds" that I am using to save money for yearly or quarterly expenses. I put "funds" in quotes because I only mean designated money in the checking account, not any kind of financial fund (mutual fund, etc.).
Right now I am tracking the funds in the account manually using a spreadsheet and manually reconciling the total in the spreadsheet with the actual balance in the checking account.
So here is my question. Is there a certain term for this setup? Secondly, and most importantly, is there software that can manage and track these "funds" so I don't have to keep using a spreadsheet? I have looked into both Mint and Wave but I don't see a way to do that. I would love to use a web-based app if possible.
Thanks for the help.