Thanks for the quick response Kevin. I do like the KISS rule:) The would make it a whole lot easier on me. The only reason I was keeping up with it is for tax purpose. But I'll get a 1099 from the mortgage company that breaks all this down for me.
I've done the same thing with taxes. I lump them all in one bucket. When tax time comes all my taxes will be broken down by W2, 1099, etc. On Oct 24, 12:30 pm, Kevin Hoctor <[EMAIL PROTECTED]> wrote: > On Oct 24, 2008, at 12:24 PM, markd wrote: > > > > > I've been using Moneywell for sometime now and been able to cut the > > number of buckets back to where they fit on the screen without > > scrolling. Now I want to change the way I handle my mortgage. I'm > > curious how you handle yours. > > > Right now I have a HOME LOAN account and ESCROW account set up. I have > > a MORTGAGE bucket. When I pay my mortgage I split them up in the > > MORTGAGE bucket. (principle, interest, escrow). Then I go to the > > principle split and make it a transfer from CHECKING account to HOME > > LOAN account. The escrow split is made a transfer from CHECKING to > > ESCROW account. This allows me to see how much I owe and how much I > > have in escrow. > > > On top of this I have created a ESCROW Income bucket. And I'll assign > > the ESCROW account transfer to this ESCROW bucket. My reason for this > > is for when the mortgage company pays taxes and insurance I can pull > > them out of the ESCROW Income bucket. > > > But this is a lot of work and that's the reason I'm asking you how you > > handle yours. I'm hoping to find an easier way. > > Mark, > > I keep it very simple and just have a Mortgage bucket. I watch my > escrow and interest in my mortgage companies website and don't try to > duplicate that tracking on my own. Since the mortgage company paid > taxes for me when I used an escrow (I actually pay them myself now > without an escrow), I really didn't have to manage that cash flow and > didn't care to add that burden to my cash flow tracking. > > Peace, > > Kevin Hoctor > [EMAIL PROTECTED] > No Thirst Software LLChttp://nothirst.comhttp://kevinhoctor.blogspot.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
