No there is no mattress involved.. i have simply transferred the funds out of the savings for 'earmarking' the funds... savings for pets, saving for extra escrow, savings for the year end electric bill reconcile... (which isn't really year end but anyways).., and the most important one - 8 month float (for a living emergency fund)...(trying to grow this to 12 month float) so the funds are still in my actual bank account gaining interest --- but i don't want to see the funds in that real account - and accidentally spend it... so i do a fake transfer to the cash accounts... i always used cash accounts in quicken as i had no idea of their purpose - only that they didn't require any institution info... (just sort of kept using that account type) - in moneywell i like how its a completely different icon so i can tell - "ok that's not real".... (neither my husband nor i really keep more than 40 on us - and 20 in each car for emergency's... so we are not cash spenders per sae... we use cards :) ) - i tried buckets for this - but gave up because they wanted me to get the funds from some 'income' but i had already saved up a significant amount - and therefore it was from Past income... i could figure out how to allocate from what was already in savings..., and i couldnt figure out how to get it show it 'leaving savings' etc...
Even now when i allocate my funds for normally monthly bills i am uncomfortable not seeming them actually 'leave' my account (i used to simply have all my bills from the 1st to the 15th scheduled.... pay would come - i would repeat all those bills -- see how much i had left and put that in savings... repeat for 15th-30) so i gave up and went back to my old method - (we discussed savings plans in another thread already) - cause i need to do 3 things 1 - remove the funds from view so i can see how much 'leftover' i have - and not spend what i set aside 2 - change the amount i saved as what i am saving to cover fluctuates (lets say i have 170 transfer every month into electric reconcile savings cash account.... but i get my electric bill and see i used less this month - so my budget amount i paid (which is always the same and split between current due - and rest going to running balance) went to some of the 'real' running balance.. lowering it -- i can then just delete one of the transfers to that cash account in moneywell and lower the amount i saved for that running Electric balance expenditure... ) 3 - see what i have saved so i can see if i reached a goal. i Tried to use buckets (really i did :) ) -- but for example - i have saved up 40k for emergency float... but i also need to see it leave the savings account so i don't accidentally spend it :) - so i 'withdrew' the funds in the savings - and i put in 'emergency funds' bucket.. but it shows it as a Negative for that 40k.... so not good :) - becuase from what i can see buckets are designed to handle spending not saving. mary lou On Jan 25, 11:28 pm, Kevin Hoctor <[email protected]> wrote: > On Jan 25, 2009, at 1:58 PM, ciara belle wrote: > > > ok i see - a 3rd transaction for the 25....i was hoping to keep that > > 25 w/ the rest of the 400 (425) to show the entire amount i > > received... curiosity here -- do i need to create the basic cash > > account? (i have several that *i* created for savings and such - > > which are really just fake accounts - but i am not sure if moneywell > > creates a basic default cash accounts for this sort of thing).. > > thanks > > Mary Lou, > > You don't have to create another cash account but MoneyWell will use > the first one it finds as the default. I'm curious why you are using > cash accounts for savings though. Unless you're stuffing cash under > your mattress instead of putting it in a bank or investment you really > should be using real accounts to track this money. Having one cash > account is the design of MoneyWell. > > Peace, > > Kevin Hoctor > [email protected] > No Thirst Software LLChttp://nothirst.comhttp://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 -~----------~----~----~----~------~----~------~--~---
