On Dec 23, 2008, at 12:05 PM, Chris Larson wrote: > I'm curious about the way people go about handling their savings in > MoneyWell. I'm thinking one could either let the money build up in a > bucket, or they could allocate income for what they plan on saving > that month to it, but then "spend" it when moving it into the savings > account, leaving the bucket balance at 0 at the end of the month. > I've been taking the latter route lately, just because it can be a > pain dealing with the former if it ever becomes desynced with the > actual contents of the savings account(s). What method do people > prefer, generally? The problem I see with "spending" the savings when > moving it into the account, is trying to remember which accounts have > money which is available to spend in the bucket balances, and which > are "spent" and need to become income again if you want to spend it.
Hi Chris, The way I do savings is to create a "Savings" bucket and set a planned amount each month to be allocated to it. Then when I transfer money from checking to savings, I assign the outgoing transaction to my Savings bucket. This keeps the bucket balance at zero. This is simply a way to make sure I set aside money for savings and not a way to report on my savings, but it does that as well. 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 -~----------~----~----~----~------~----~------~--~---
