Prepaid college tuition plan in Money 2007


B

bschroeter

I started a prepaid college tuition plan and I was wondering the best way to
track my monthly contributions in Money 2007? I could just do a simple
monthly expense but I didn't know if there was a better way. Thanks...
 
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S

SteveBell

bschroeter said:
I started a prepaid college tuition plan and I was wondering the best
way to track my monthly contributions in Money 2007? I could just do
a simple monthly expense but I didn't know if there was a better way.
Unless there's something special about the account, like it's tied to a
stock fund or part of an IRA, I would just track it as a savings or
checking account . You can record deposits to the account as transfers
from your checking account, and you can balance it each month using the
standard balancing wizard.

When the time comes to withdraw money, you can just write checks or
transfer money out to your other accounts, as appropriate.
 

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