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faq: How to track savings goals

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Simon Michael
2024-04-12 09:17:18 -10:00
parent 8f1aa4649c
commit 8b533ac60b

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@@ -215,3 +215,17 @@ You can record them either in your base currency, or with a dedicated commodity
As you use them, transfer/convert them to expenses.
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.
### How to track savings goals ?
Some ways:
- Document the goal in the account name so it shows up in reports along with the balance. Simple.
- 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.
- Track it as a (imaginary, self-imposed) liability that you are paying off. Sometimes this adds a bit of noise and confusion.
- Script/build a custom goals report for yourself.
More:
- https://www.reddit.com/r/plaintextaccounting/comments/1c2bvx2/how_to_track_goals_in_beancount/
- https://www.reddit.com/r/plaintextaccounting/search?q=goals&restrict_sr=on