How to Create a Budget in Quicken 2014


show more Creating a budget provides you with in-depth training on Business. Taught by Sally Norred as part of the Quicken 2014 Essential Training show less
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Creating a budget

Quicken can automatically create a budget for you based on the transactions you've entered for your recurring expense categories. You can edit this budget by adding or removing the categories for which you want to set budget amounts. With a budget in Quicken, you set the maximum amount you plan to spend in specific categories. For example you may want to budget 500 per month to spend for groceries or $100 per month for clothing purposes. Quicken compares your plan, with your actual spending based on your transactions in your spending accounts.

Keep in mind that you don't need to budget every dollar you spend, for instance it may not make sense to budget something like your car insurance payment, if that's a bill with a fixed amount. It would make more sense to budget categories that you can control, based on your discretionary spending, like dining out or entertainment purchases. In fact, it's best to start budgeting with a few spending categories that you want to monitor closely and add...

Creating a budget
Video duration: 5m 48s 2h 44m Appropriate for all

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Creating a budget provides you with in-depth training on Business. Taught by Sally Norred as part of the Quicken 2014 Essential Training

Subject:
Business
Software:
Quicken
Author:
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