How to handle saving each month so it shows up on both the Balance Sheet & Income statement

So every month I have money from the chequing auto transfering to seperate savings accounts for future purchases. 

In the past I treated it as strictly a transfer between the two accounts but then there is no record of an expense on the income statement which means the net income/loss is incorrect. So I figure I need another record of either a PAYABLE or PREPAID, but when I go to apply I think I get confused. SO here is my thinking:

So if I am saving up every month for future car maintenance, I figured I need on the:

INCOME STATEMENT

- Saving Expense - CATEGORY

- Incurred Expense - CATEGORY

(Saving Expense would be when the money is transferred to the chequing to savings)

(Incurred Expense - When the expense in that category is actually incurred)

BALANCE SHEET 

- Chequing Acct (CASH - ASSET)

- Savings Acct (CASH - ASSET)

- Visa Credit Card (Current Liability)

- CATEGORY PAYABLE/PREPAID (?)

Here is where I get confused. How do I treat it in the Balance Sheet?

PREPAID? It is for future expenses, however I don't know how much I will be spending on that category and the money hasn't been paid towards the creditor/vendor at all.

PPE SAVINGS? It is for future expenses within the year not adding value to a PPE or saving for a future PPE so maybe not.

CURRENT INVESTMENT? The savings account is a TFSA and earns some interest but barely any. The purpose of the savings account is really only to set it aside till some future date when it is used. It is used within the year.

CURRENT LIABILITY/PAYABLE? The incurred expense is paid with the Visa so maybe the Savings offset the actual amount owed?

EQUITY? Could it be retained earnings as it technically will be retained to the following month? I'm reaching here but I'm second guessing myself on this. 

TO give a little more context this is how I would probably input the journal entries:

This is where I get stuck the most, because at the end of the month I move the amount of incurred expenses from the Savings acct back to the chequing acct and then pay the credit card with that money. So does this mean I should have both a Prepaid and a Accounts Payable for this category so I can balance out the savings expense and incurred expense? 

Maybe I have over thought this, all I know is I looked back in my school notebooks and online and I cannot find anything. Thanks in advance for any advice!