Some of it has to do with transfers and I do have some unassigned transactions but even then. Maybe I will send you my file tomorrow. I appreciate all your hard and support and it a huge reason I am sticking with MW.
Best Lenny On Feb 25, 11:22 pm, Kevin Hoctor <[email protected]> wrote: > On Feb 25, 2009, at 8:41 PM, lterenzi wrote: > > > > > I know you have said in other posts like your income buckets really > > wont match you account balance but let me throw out my story here and > > see if i am even making sense. > > > So I have been using MW now for a month. I know I am not using it > > exactly as it supposed to be used for now... I am kind of establishing > > my spending plan and learning as I go. For instance, I didn't plan to > > buy MW (and many other things) when I created my plan. I was going to > > just try it out. So I bought it and created a bucket for Computer > > Software after the fact as i also decided to upgrade to Leopard and to > > upgrade my old financial program (iBank) as a fall back. So I assigned > > transactions to that bucket and did a manual flow from income to bring > > that bucket back to zero because I did indeed use money from my income > > buckets to buy the software. > > > In fact I would say most of MW transactions outside of bills, gas, > > etc. have occurred this way. There is no way I could have foreseen all > > the little expenses and things that would pop up so I created buckets > > or wedged that transaction into existing buckets. Gift purchases > > popped up, other events and etc. etc etc. had us spending WAY outside > > our initial "plan." Keep in mind our initial plan really only included > > bills, gas, dining out, some entertainment... > > > Is that a good way to flesh out your spending plan? If you buy > > something or realize you need a new category do you create the bucket, > > assign the transaction, do a manual flow and then add it into your > > spending plan for future months? > > Hi Lenny, > > Most people don't know how much they spend so the process of building > a spending plan is just that—a process. You may have some history to > base your initial planned amount off of and then find that the current > spending is different so you adjust your buckets. > > Add to this, life throws you curves and that means you still have to > adjust your plan as you go. It's not a set it and forget it thing. > > > Because of an unexpected trip our gas and dining buckets got blown way > > out of our spending plan. Again, since I used the money from my income > > buckets I just did a manual flow to zero them out instead of worrying > > that I was negative $200 for dining next month. Yes, I fully > > understand that this is not how I need to think about my finances and > > I will (I already have actually) but I am more about getting my head > > around the concept still and not be fooled into thinking I have more > > than I do. > > What you do with your spending plan is set planned amounts that total > less than your income then spend only what you allocate. If you need > more money, move it from one expense bucket to another and adjust your > planned amounts if that spending will consistently be different. > > > Just trying to figure out why I seem to have $1000 more in my income > > buckets than I actually have in my account. > > > Just when I thought I had it... > > > *sigh* > > If you are tracking all your spending, you shouldn't be off by a > penny. The first problem could be that you didn't assign the right > amount to your primary income bucket to start your cash flow tracking. > If you want me to review your document, please send it to my private > address, [email protected]. > > Peace, > > Kevin Hoctor > [email protected] > No Thirst Software LLChttp://nothirst.comhttp://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 -~----------~----~----~----~------~----~------~--~---
