I’m new here, so be gentle!
I have savings for each of my kids’ music lessons, which usually run on 4 or 8 week cycles.
What I will do is take $15 per week and put into a separate account so that when it comes time to pay for the cycle I have enough to cover the payment, but since I have the savings transfers AND the actual payment categorized as ‘music lessons’, when the payment comes out, it looks like I’m over budget.
What is the best way to categorize the weekly savings and the payments so it balances out in the end?
Thank you in advance!