On Feb 17, 2009, at 7:29 PM, [email protected] wrote: > 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. > Hello,
The way to tell MoneyWell to limit the amount of spending money is to set your planned amounts on each bucket in your Spending Plan. You can have multiple income buckets with one being your student loan and another income from your parents and still another from a salary. Then you can click Allocate Income and let MoneyWell fill your buckets from one or more of these buckets. > 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 first need to to tell MoneyWell how much money you initially have to spend. So if your total cash in your accounts (loan and money already in the account) is £1500 then click the green triangle below the cash flow graph and tell MoneyWell to start on Feb. 1 (or Mar. 1), enter that amount and pick an income bucket (maybe your loan one) to put it in. You can them allocate that income. If you want to put money in more than one income bucket, simply drag and drop the main income bucket to the other(s) and specify an amount to put in it. Check out our video tutorials to see if they help more and then ask any questions you still have left. Peace, Kevin Hoctor No Thirst Software LLC [email protected] http://nothirst.com http://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 -~----------~----~----~----~------~----~------~--~---
