On Jan 1, 2009, at 2:55 PM, Blair Watkinson wrote:
> Starting with the new year, I'll be using this field to keep track of > how I came up with the bucket totals, so that when a component of the > bucket changes, I know how much to change the bucket amount. For > instance, you could specify the estimated amount of each of your loan > payments in the Debt Repayment bucket memo to remind you where the > total came from. That's exactly what I just did for all my buckets. In the memo field I put details about every expense I expect to pay out of each bucket. For example, this is how I organized all my farm animal expenses: Bucket name - memo contents ---------------------- Pets:Indoor - Dogs/cats food($40), toys/treats($20), medicine($75), grooming($120 every other month) Pets:Outdoor - chicken feed ($10), barn cat feed($10), horse grain ($80), supplements ($164), farrier($90 bimonthly), lessons ($240), equipment ($400 annually) Pets: Hay - savings for annual hay expense - to be put in MM acct every month Pets:Veterinary - all vet expenses, indoor and out The memo reminds me of how I came up with the total allocation for that bucket so that I know that I need to change the total if one of those expenses changes, such as the price of supplements or grooming. Hay and Veterinary aren't as complicated as the regular monthly expenses so they don't need detailed breakouts to remind me. I also noted if I wanted to do something with the money, like rolling the hay savings into an interest bearing money market account every month since it going gets paid out once a year. Of course, I could have done this all in one or two buckets but this level of detail works for my brain. In Quicken I had it broken out into 11 categories so I really am simplifying! I'm really loving Moneywell at a conceptual level. I've only been using it for a few days so I haven't really gotten into the nitty- gritty of managing transactions and reconciling but I really love the spending plan. I hope this helps someone else. I know I do better with lots of concrete examples. -Trish --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
