Hi, I recently bought moneywell having just got a new macbook - i tried the demo after importing some of my transactions and upgraded because i thought it was a nifty bit of software!
Basically, i've got my accounts set up (two current accounts, each with balances correct as of the moment - i've put in every transaction i ever made on them so they're accurate). I've got my buckets set up with what i think are my main spending categories, but i'm not really sure what i need to do about income. Here's the story, i'm a student (yay!) so i've got things like my student loan/grant, bursaries and a little bit of money from my parents coming at the start of term. What i'd like to do is set Moneywell up so that it takes say £200 from my account each month and allocates it as income. I've tried doing this via transactions but it's not really working, i'm sure i'm missing something obvious, but the problem is i haven't got a regular income - i've basically got a positive bank balance at the start of each term that has to be whittled down slowly over the ten weeks (and of course a bit left over to cover me for my time away from uni). What's the best way of going about this? Ideally i'd like to earmark a certain amount each month as "expendable" and then allocate that as i would a normal income. Lets say i have £1500 in my "main" account, i've kind of set up my spending plan but i'm still not too sure how it works (i've had a look at the videos but i'm still a little fuzzy). I've done stuff like £20 a month for my phone contract, £60 fortnightly for groceries, and so on. There are a few that arent so regular - like my rent changes after the summer - from lump sums to regular monthly payments, so i had to put in the planned outgoings for that. Am i right in thinking that moneywell takes out a little extra from your salary each time to cover you for the months ahead (since the totals seem more than what they should do each week) - so a little bit extra each week to soften the blow after a few months? Any help would be great! Sorry if it's a little vague, but i'm not entirely sure what i need to be doing! Thanks ever so much :) --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
