I just started using Quicken Online and I have a question and a suggestion.
First, when I set a goal for "Credit Card" does it understand that the goal is paying it down? I assume so, because who in the world would have a goal of spending on a credit card?
Secondly, When not have more granular budget controls? Sub categories and such? I know it would take more effort to categorize transactions, but it would be worth it to some.
Setting "Goals" of paying off debt? Jul 02, 2009 11:21 am
This post is about: Quicken Online
Hi,
The goals are intended to be spending limits (not savings goals). For example, a $400 per month goal for Groceries is to help you try to spend less than $400.
So, it probably doesn't make sense to have Credit Card as a goal, because you may want to spend more than your budgeted amount toward paying off your credit card whenever possible.
Our Credit Card category is admittedly a little confusing. It's really useful only for payments to a Credit Card that you're not tracking in Quicken Online.
For payments to a credit card that you are tracking in Quicken Online, you should use the Transfer Out category instead. Here is an FAQ that shows an example.
I hope this is helpful. Please reply if it doesn't make sense in your situation.
