On Jan 1, 2009, at 12:28 PM, Jaysen wrote:

> So today I get to T-0 and start paying bills and I get to my car
> payment. I have no idea what bucket I used to plan for this expense.
> Was it "debt repayment" or "automobile"? While that exact bucket
> doesn't matter for this expense I wondering on the philosophy of which
> bucket for what expense. In Q these things had their own little
> expense category/bucket as the transfer.
>
Jaysen,

You can use the bucket memo to add notes about what that bucket  
covers. I'll expose this memo in a future release as a tooltip in  
different areas of MoneyWell so you can get more mileage out of it.

> Again the mechanics are understood. It is the "spending plan"
> philosophy that makes moneywell work that is being examined (not
> questions, but refined). I am leaning toward a philosophy that any
> money owed is a debt and should be tracked as "debt repayment". An
> auto loan isn't really an automobile expense as much as an interest
> bearing debt. Since I am having to retool I thought I would survey the
> experienced and see how for off in left field I am this time.


I agree that debt should be defined as "unsecured money owed" and I  
have both a "Debt Repayment" bucket and a "Loans" bucket for managing  
each type.

Peace,

Kevin Hoctor
[email protected]
No Thirst Software LLC
http://nothirst.com
http://kevinhoctor.blogspot.com






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