A Better Way to Manage Your Everyday Money - Book - Page 199
Using the money in short-term savings
Money set aside to short-term savings ledgers can be used in one of three ways:
1. Linking a short-term savings to a bill or credit card automatically deducts from the
savings balance to make payments;
2. Writing a paper check;
3. Using the Move Money or Consolidate Money features.
Pausing a short-term saving
The money that is being set aside for a percent of income or fixed amount savings can be
temporarily suspended by editing the savings and unchecking "Include in Cashflow."
While a saving is not included in the spreadsheet, the saving's ledger balance does not change.
When a saving is re-included in your spreadsheet, the set-aside amounts automatically continue
as scheduled.
Day-to-day
How much time you spend on short-term savings depends primarily on the type that you set up
in your spreadsheet.
● Scheduled short-term savings are maintained automatically. The main interaction you
will have with scheduled savings is deducting money as needed.
● Unscheduled short-term savings require that you both add and deduct money manually.
Playing "What If?" with a short-term savings happens as a part of adding a new savings when
you can see the effect on your net cashflow. Other "What If?" scenarios for short-term savings
could be when you:
● would like to increase a scheduled savings amount
● need to trim your savings to compensate for a temporary or permanent downward trend in
your net cashflow
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