Enter a new savings contribution in the Lifetime
Planner
- Click Planning.
- Click Planning Tools, and then click
Lifetime Planner.
- In the left pane, click Savings &
investments, and then click Savings
contributions.
- Click New Contribution.
- Follow the instructions on the screen.
Notes
- You don't need to earmark contributions to pay for a particular
expense. Money calculates whether you have enough savings to pay
for all of your future expenses, not just one particular expense.
For example, if you want to take a vacation in a year, Money will
tell you if you're saving enough to meet all your goals. You can
pay for the vacation with money from any of your accounts.
- Money imports
(To
bring information in from another program or Web site and have
Money convert it to the file format Money uses. ) Quicken
Savings Goals as asset accounts with transactions representing
transfers to and from that account. However, if you were saving for
items that you'll buy within a year, you don't need to keep those
items in your plan at all. You can add them as an expense in your
Advanced Budget
(The Advanced Budget option in Money gives you more
detail and long-term planning tools. You can break your expenses
into categories and subcategories, set up and access multiple
budgets, track irregular or one-time expenses, reallocate funds
from one budget category to another, and set savings goals.
) .
- If your employer matches your retirement plan contributions,
Money tracks this contribution. Follow the instructions in the
Contribution Plan wizard for contributing a percentage of your
salary, and then tell Money that your employer matches.
- With profit-sharing plans, the employer decides the
contribution each year depending on the profitability of the
enterprise. Matching contributions are guaranteed, based on some
percentage of your own contributions.