faq: How to track savings goals
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src/FAQ.md
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src/FAQ.md
@@ -215,3 +215,17 @@ You can record them either in your base currency, or with a dedicated commodity
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As you use them, transfer/convert them to expenses.
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If you don't need such detail you can record their full amount as an expense on the purchase date, and not track them further.
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### How to track savings goals ?
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Some ways:
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- Document the goal in the account name so it shows up in reports along with the balance. Simple.
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- Treat it as a budgeting problem and follow one of the many [[budgeting]] guides. h/ledger's --budget goal report is probably more useful than envelope budgeting here.
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- Track it as a (imaginary, self-imposed) liability that you are paying off. Sometimes this adds a bit of noise and confusion.
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- Script/build a custom goals report for yourself.
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More:
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- https://www.reddit.com/r/plaintextaccounting/comments/1c2bvx2/how_to_track_goals_in_beancount/
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- https://www.reddit.com/r/plaintextaccounting/search?q=goals&restrict_sr=on
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