On Jan 1, 2009, at 6:00 PM, Karen wrote: > Ah, that's it. No, you don't assign a bucket on the cc side. I don't > mind that my payment on the credit card side is unassigned as I know > those round numbers are a CC payment. I assign a bucket when the > purchase is made. You're not as confused as you think. ;-)
Karen is right and I think this is all getting too complicated. If I buy an gas with my credit card, then I assign that transaction in my credit card account to my automobile bucket. When I pay that off with my checking account (using a transfer assuming I track both accounts), I don't assign a bucket to either side of the transfer. If I did, I'd be spending the same amount twice. If I have a balance on my credit card when I start using MoneyWell, then I assign a bucket (mine is Debt Repayment) only to the transaction on the checking account side. This is done because I am spending the money on debt reduction. The simple rule is that you assign a bucket when you are dealing with the final recipient of the cash. In the first example, the gas station was the end of the transaction. In the second, the credit card company was the end. It's just one step to assign a bucket. I hope this helps. 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 -~----------~----~----~----~------~----~------~--~---
