On Feb 24, 2009, at 7:52 PM, Brent wrote: > I keep going back and forth on how to do this. I would love to get > feed back on how others do it (and why). > > I have a number of fixed amounts I pay every month: > > - Loans: Auto, Home > - Debt: several credit cards (no longer in use and managed with Debt > Quencher) > - Utilities: Gas, Electric, Water, Trash > - Services: Internet, Cell Phone, Auto Insurance > > Everything is set up for level pay (pay the same amount each month) > and auto pay (automatic payment on the same date each month). > > On the one hand, I see benefit to bucketing based on use: > > - Housing: Home Loan, Utilities, Repairs, Household Supplies, etc > - Transportation: Auto Loan, Auto Insurance, Maintenance, Gas, Bus > Fare > - etc. > > This allows me to see 'what' I am spending my money on, but it doesn't > really focus on what I really have control of day to day. So perhaps > I am better just throwing all the fixed stuff into one big bucket: > > - Fixed Expenses: all the auto pay stuff that does not change > > Then I can concentrate on how I manage everything that is left. I can > always see how much I spent on my Jeep loan by using the Payee/Memo > fields. > > I keep going back and forth on this, so any feedback is appreciated.
Hi Brent, I like to avoid too much detail, but I also like to see a breakdown that has enough detail so I can see where my money is going at a glance. For example, I have a single bucket for Loan Payments and another for Insurance but I do break out my Mortgage (it will be around long past the couple of loans we are paying off) and my utilities are broken out by Electricity, Gas/Heating, Water Utility, and Satellite/Cable Service (which is actually neither because we have U-verse so that's odd looking now). Keep enough detail so you can see a nice breakdown and group what you can when it really doesn't matter. For me, insurance is insurance so I don't care about the detail. You may need to see detail there but could care less about utility breakdowns. There's no one right way. 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 -~----------~----~----~----~------~----~------~--~---
