On Jan 26, 2009, at 6:20 AM, ciara belle wrote: > 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) > But this is why you need to stop looking at your account balances if you are doing envelope budgeting. It doesn't matter if you have cash in the bank, only if you have cash in your buckets. Unless you let go of the "I'll check my bank balance to see if we can buy that" mentality, you won't be able to stick to a spending plan.
> 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. Correct. The expense buckets are for spending but you can have an income bucket that is for savings if you'd like but I like to just keep that balance in my savings accounts and pull it into an expense bucket when I'm ready to spend it. I don't spend directly from my accounts, it all has to go through my spending plan and my buckets or I'll screw it up. This problem may be solved when wish list items appear in MoneyWell. I'll have to think about it some more. Thanks. 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 -~----------~----~----~----~------~----~------~--~---
