Hello, I love the simplicity of MoneyWell. However, I only want to use one finance software. Is the ultimate purpose of MoneyWell to replace anything I might otherwise use?
For instance, loan calculations, in my mind, are essential. The officially suggested approach is to calculate the total cost of a loan, and assign that to the account -- a number that you can't find anywhere, and which does not accurately reflect your current indebtedness. Planning investments/long-term savings is another current short-coming. I understand that many of these improvements are intended to come out in version 2.0, and I guess my question is, is MoneyWell intended to be a replacement of all other personal finance software? These improvements suggest that is it's purpose. If so, I think that folders/rooms are a useful idea, and it continues to keep the simplicity of MoneyWell without abstracting the real dollars in the buckets that a nested-bucket approach would create. One example, suppose I'm planning for multiple projects that are all due in a certain time-frame. When the spring thaws, I'm planning a landscaping project, in the fall a major garage renovation, and in the winter a trip to Disney World, and next year, a brand new minivan to haul my growing family around. I think that I'd want a separate bucket for each of these, but I don't think that I'd want them to be taking up space in panel. On the other hand, I don't want to hide them either, since I use the hidden feature to remove deprecated buckets (after my landscaping project, I would hide the bucket). MoneyWell lends itself to precisely this kind of planning with my money, but the interface requires that they take up valuable screen space. I like the folder/room idea because it allows me to use MoneyWell as my only financial tool, and not rely so heavily on spreadsheets as I do now to track this stuff. Blair On Dec 27, 2008, at 4:46 PM, johna wrote: > > OK, OK...No ganging up on the new guy...but if you feel the need to > pile on, I can handle it. Hey, I guess if the new guy walks in and > starts mouthing off, he deserves to get piled on. ;-) > > If I may...The bottom line of my argument....I am NOT suggesting that > Kevin change the conceptual model of the software (my pseudo-deleted > paragraph on nested buckets not withstanding). Having folders > available to organize your buckets in, that users can use or not use > at their option (much like iTunes lets users organize playlists into > folders), does not affect the plan of the software, and any user can > choose not to use them and the software will look and operate just as > simply as before. > > ... > > OK, been sittin' here meditatin' on the issue...the REAL point here is > to have a sense of security, that what comes in the future will be > taken care of. I don't care how that security is created. So, I > searched "forecasting" in the group and found this... > > Dan Harrison wrote on 12/17/08: >> I did however come up with a solution ... The current graph >> shows the actual and scheduled transactions. The new option would >> show future values based on the spending plan. This way you would >> see >> immediately the growth and months where actual spending would occur. >> This would handle fixed month payments (seasonal expenses, >> insurances, >> etc.). ... > > Kevin wrote on 12/17/08: > ... there will be several more > graph options in 2.x. The goal has always been to make spending > forecasting easier and more visual with MoneyWell so there are > several > enhancements in the works. > > Kevin, I'm reassured to see you are thinking specifically about > forecasting. That's my point...I'm trying to create a sense of > security that the future is taken care of. If by some forecasting > feature, I can have some certainty about the future and don't have to > create a bucket for every stinkin' expense, wonderful! I do still > think top-level folders are a good idea though! (I couldn't > resist! ;-/ > > --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
