New(?) can of worms.... Is it really necessary to reconcile if all transactions are downloaded? (See Jaysen? I can be dense, too.) Karen
On 1-Jan-09, at 5:20 PM, Patricia Cross wrote: > > > 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 -~----------~----~----~----~------~----~------~--~---
