Vehicle expense tracking

quicken-lover

When I originally joined (this) quicken, I added my car and its value as an asset. However, I'm starting to wonder why I bothered. It doesn't seem to add any value to the experience.

Is there a way to link a transaction that's for my vehicle directly the the vehicle I added in the system? That way I can see how much I'm spending on that vehicle (fuel & maintenance).

I sort-of do this now by creating a tag for each vehicle. I then manually tag transactions throughout the month. However, having the vehicle listed in my account as an asset seems like a waste of time. What good does it do for me if all I can see is its value according to the last time I updated it?

ajbopp

Assets count toward your total net worth. If the system allowed us to attach transactions +- to our assets, our net worth would be increasingly inaccurate as time goes on. The value of a car doesn't go up or down depending on whether a tank of gas was added yesterday, just as the value of my house isn't impacted by paying my electric bill.

quicken-lover

Oh that makes sense. I didn't think of it from that angle. Thanks for the explanation.