On Feb 2, 2009, at 7:22 PM, lterenzi wrote: > My daughter is in a year round school program. She goes for 9weeks and > is off for 3 to 4 year round. On some of those off weeks she goes to a > day camp. Can I create a bucket for this and just turn it on and off > as I need it? I never know what months we will use the camp until they > arrive. > The whole idea of having a bucket is to set aside money for something so we have one bucket for "Activities" and put money in there for camps or other kids activities throughout the year. It's set to a planned amount that is really just a guess because we're not sure when these things will come up but we do set aside extra money for them when we find out by dragging and dropping an income bucket to it and creating a money flow manually.
> Now the second part is we get reimbursed the cost of this from our > Flexible Dependent Care through my wife's employer. Should I just > deposit them and slide them over to Savings, count them as income? > We have something similar with health care costs. My wife has pre-tax income taken out of her paycheck to cover medical costs and we use that after we pay medical bills. When we get the reimbursement check, the deposit transaction gets assigned to our Medical/Dental bucket directly. You could also treat it as "Other" income and then use a money flow to balance out the bucket expenses. Either way works. > This is my biggest issue (and it's mine NOT Moneywell's) There just > always seems to be little things that pop up that just don't fit > neatly into a bucket or things that we just pull from Savings from to > cover. Do I have to have a bucket for everything? > > Going back to watch videos and read articles again... I am gonna get > this dammit... You don't have to have a bucket for everything. We have some very generic buckets because I can't be distracted by too many buckets because I begin to lose focus on my budgeting and cash flow management. The whole idea is just to be more proactive with your spending. Set money aside before you spend and avoid unsecured debt at all costs and you'll be fine. The bucket (envelope) system is forgiving. If you didn't plan for the right amount, just take it from another bucket. The only rule is to spend only what you have in your buckets. 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 -~----------~----~----~----~------~----~------~--~---
