First: I've read a great deal on this list about how to set up savings accounts, but I'm not sure this has been covered.
I have three savings accounts: 1) Summer savings: Part of my paycheck gets automatically diverted to this to account for the fact I get paid 9 months a year. I have control over this money and would like to track it, but the money doesn't come to me as part of my regular paycheck, which gets deposited into my checking account. 2) Infrequent Expenses: Many of my buckets are meant to be savings- related, to build up money until needed. For example, my gifts bucket saves up until needed, primarily around December. This account is intended to be the real account in which that money resides. 3) Rainy Day Fund: A general accumulation account into which I transfer $200 per month from my checking account. I understand that I could just keep all the money in one account and keep track of it using buckets, but that doesn't appeal to me, especially since I'm still getting up to speed with Moneywell, and I might make mistakes with it, causing me to mis-identify how much money I have in a given bucket. Having separate accounts is extra insurance against spending my savings. The Rainy Day Fund can be dealt with using one of the methods described here: http://alan.petitepomme.net/blog/2008/04/tracking-savings-in-moneywell.html How to deal with the other two, though? Summer savings: I'd like to consider this income deferred, and not even assign it a bucket, until I withdraw it during the summer. At that time I'd move it to checking and call it income. Perhaps that is unwise, though? And if I do that, every contribution to Summer Savings makes my Unassigned bucket be nonzero. Infrequent Expenses: No idea. Help, please. Thanks in advance, Dave --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
