Kevin, Thanks for the advice! I showed my wife the program last night and I think she is adjusting to it, rather than our previous method of using a Numbers spreadsheet. ;-) One more question. Right now our budgeting for the next month is based primarily on my wife's income, who gets paid on the 25th of every month (23 or 24 if it falls on the weekend). Everything that hits from the 25th to the end of the month we consider "next months" expenses. Anyways, I want to make sure I understand the "Next Month Starts" functionality when allocating available income. It we select 5 days, does this mean her income will be allocated for the next month? Also, if charges come in after the 25th but before the end of the current month, will they be considered part of next month's expenses?
Thanks in advance, Jason On Jan 12, 4:02 pm, Kevin Hoctor <[email protected]> wrote: > On Jan 12, 2009, at 3:07 PM, Jason wrote: > > > I searched the archives for a clear answer to this, and couldn't find > > one. My wife and I are following the Dave Ramsey Envelope System > > where we literally pull cash from an ATM and separate it into real > > envelopes for dining, groceries, entertainment, etc. I know you can > > click the "Cash Only" checkbox for ATM Withdrawals and they show up in > > the Cash Accounts. But how do we track what money we put in what > > envelopes? Is it better to split the ATM transaction that appears in > > the Cash Account into individual buckets? Or go up and allocate money > > flows to these buckets? > > Hi Jason, > > Don't split the ATM transaction, use the "Cash Only" feature. This > puts your cash into a Cash Account. When you spend your cash, enter > all these transactions in the Cash Account and assign them to the > bucket assigned to that expense. So if I go out to eat and pay cash, I > create a new transaction while the Cash Account is selected and then I > assign that transaction to my Dining bucket. > > Your planned amounts for your buckets apply to all your spending > across all accounts so if you pay for dining with your Visa debit > card, you would just assign that transaction from you checking account > to that Dining bucket too. > > Make sure you set up your Spending Plan so you have limits on your > buckets and Allocate Income to those buckets as well. Check out our > video tutorials for more details and let me know if you still have > questions. > > Peace, > > Kevin Hoctor > No Thirst Software LLC > [email protected]http://nothirst.comhttp://kevinhoctor.blogspot.com > > Check out our MoneyWell video > tutorials:http://nothirst.com/moneywell/tutorials/ > > Join our user forum to learn about new > releases:http://groups.google.com/group/no-thirst-software --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
