Event fund, for a wedding, but we are spending also

I have a wedding coming up in may 2018. I would like to have a goal for savings for it. I know about what we are going to spend. Where it gets difficult is that we are also spending money for the goal. So I want the goal to be two way, and ideally category based. 

I have a wedding account that we are going to try to do everything out of, but there might be (and have been before I set up the account) transactions that are not out of that account. 

I would like to be able to set a goal of say $20,000, and save up for it monthly, but also attach a category (say goals -> Wedding fund) so that when I categorize a transaction as that category then it will deduct the amount of the transaction from the $20,000 goal. (e.g. venue is $4,500 so when it is paid and categorized as Wedding fund, then the goal value changes to $15,500) 

When the goal is updated it could also re-calculate monthly spending. Basically I could achieve what I want by re-calculating the goal every time I spend money for the wedding fund, but its a pain in the butt. 

No answers have been posted

More Actions

People come to Mint for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach: