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Paying a bill from savings

Apr 07, 2015 03:03PM EDT

Hi, everyone. Is it possible to mark an item as having been paid from savings so that it doesn't affect my budgeted spending? For example, I'm paying my way through grad school and I have established a payment plan according to which the university debits my money market account each month. This spending is under a category I have created called "Education," but the amount I pay each month is not part of what I've actually earned during that same time frame. I'm hoping there is a way to acknowledge these payments and indicate that they're being made from funds already set aside. Any thoughts? Thanks very much!

Best Answer

HelloWallet Support Answer

Apr 07, 2015 05:00PM EDT
Joe
HelloWallet Support

The best way would be to include the account they’re coming from in your budget (click Edit next to the account on the Accounts screen and tick the box), then create a budget item for them and mark the deductions made from that account as that budget item. That should address it.

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