On Jan 3, 2009, at 1:29 PM, Kriya wrote:

> Right, but there is just no way for me to be completely accurate as of
> 1/1 with how much "salary" I had left to spend because I was spending
> from several sources that didn't include salary money, and it's not as
> simple as finding a balance. This is the first time I am budgeting
> this way, so I wasn't keeping track of the amounts I was spending from
> different places.  I can't get an accurate "left to spend" amount for
> my salary because of how much I spent over two days from various
> sources that I didn't track well.
>
> I think the best way for me to start is to reset my cash flow for 2/1,
> pretend to receive my salary then (instead of the 30th), and not spend
> at all until then.  Would you agree?  Wish me luck... it would be so
> much easier if I could start my cash flow on the 30th.
>
Hi Kriya,

I actually don't agree, sorry. Your cash to spend should simply be  
your account balance less any pending checks. Just look at what your  
bank says is the end of day balance on Dec. 31, 2008 and use that  
amount. This is very accurate. If you have multiple accounts to spend  
from, just add up the balances and subtract charges that haven't  
cleared.

It wouldn't be any different than if you started on the 30th.

> There does still seem to be a glitch in the cash flow date window, as
> it sometimes accepts my new salary amount and makes accurate changes,
> while sometimes I have to re-input three or four times.
>
I'll run some tests on this but for now if you type in the amount and  
press Tab or Return, it should not get lost.

> Also, since I don't do things right now according to first and second
> month halves (I have in the past), is there a way to eliminate this
> from my spending plan?  If I have the allocation set to first half, do
> the halves affect anything at all outside of the spending plan view?


If you set an expense to occur in the first half (e.g., I pay my  
electric bill on the 5th of each month), then MoneyWell will fill that  
bucket early for you. If you set it to the second, the bucket won't  
get filled early. Setting it to all month allows MoneyWell to split up  
the filling between the first and second halves.

It's pretty simple to decide on these settings. If you have a bill  
that comes in a certain part of the month, use that to determine the  
timing. If you are spending all month long, like groceries, then use  
all month as the timing.

Peace,

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






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