On Nov 17, 2008, at 12:40 PM, TCW wrote: > I know this has been discussed, however I have not found any > suggestions for my issue. > > I get paid on the 20th of each month (or the closest business day to > the 20th) and I have planned my spending until the next pay period. > For example, I have already done a spending plan for the pay period > Nov. 20th - Dec. 19th.... I don't want my expenditures from the > beginning of Nov to show up on this months spending. Any good ideas on > how this can be accomplished? > Hi Tim,
I'm afraid you're going to get the same advice from me that I've written before: Treat your paycheck from the 20th as funding for the following month. In fact, MoneyWell 1.4 has a new feature in the Allocate Income panel so you can do just that. Your goal should be to move even further away from that and have a buffer so that your spending plan dictates what you spend and not your last paycheck. If you are basing your spending off a paycheck amount, then you never break free of the mentality that I spend what I make. The focus should be that you spend money based on your priorities and your income feeds your spending bucket but doesn't define it. For example, if you want to tithe your first fruits and then add to your emergency fund and then start filling your buckets for spending, you'll need to reduce your spending at first so you can build up a war chest. We all know that unplanned expenses occur so you want to be ready for them. Over the past few years, Judy and I have worked to eliminate our personal debt and now that we are seeing a light at the end of the tunnel, we can also see how we are building a nice buffer in case there is a medical or automotive surprise. It feels so much better than when we scraped by on each paycheck. > > Love the software Kevin, keep up the hard work. Thank you! Peace, Kevin Hoctor [EMAIL PROTECTED] No Thirst Software LLC http://nothirst.com http://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 -~----------~----~----~----~------~----~------~--~---
