On Dec 28, 2008, at 7:57 PM, karenv wrote: > After all my gushy words yesterday, I've run into a roadblock. :- > ( I'm still gushy but I'm stymied. I get paid anywhere between the > 22nd and the 26th of each month. I've done my Spending Plan--it > balances-- but, because (I think) I'm not getting the hang of planning > for the month ahead of my check, my over-spends from previous months > are preventing me from allocating for the month of January. I can't > stand those red figures! I've tried changing the cash flow date to all > kinds of dates but nothing works. Everything is going to the month of > December and my shoulders are up against my ears! I thought I had > things figured out but I guess not. It's funny 'cause the Allocation > feature is the best/critical part of MoneyWell and yet, it's the most > complicated, for me anyway. > > Thanks for any help.
Hi Karen, It helps if you think about the Allocate Income process as a physical act of cashing your check and dropping the correct amount of cash in each bucket (just like many of us did with the envelope system). When do you spend the end of month paycheck? If it needs to be used in the current month then you just allocate income after adding that transaction. If you get paid on the 25th and have paid all this months bills but still want to handle some allocations for next month so you can pay bills on the 1st of next month, you would use the new "Next Month Starts" option and tell MoneyWell that even though there are six more days in this month, you want to start allocating for next month. Just set this to 6 days and the buckets will show what they need for next month instead of looking like they are filled from the current month. If you don't need to pay any bills for next month yet then you don't need to do anything but use Allocate Income on the 1st of next month and MoneyWell will fill all the buckets correctly. If you have overspent buckets in this month then you haven't allocated enough money to them or you have spent more than you planned and need to move money around. This can happen if you didn't enter the correct amount when you set up your cash flow start date. Try this: On Dec. 31 figure out how much money you have available to spend as of your end of day balance and use this amount and the date Jan. 1, 2009 in the cash flow start date panel (Edit > Change Cash Flow Start Date). You should then be using your leftover cash from your end of month paycheck to begin funding January and all the past cash flow history won't affect your bucket amounts. 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 -~----------~----~----~----~------~----~------~--~---
