On Mar 16, 2009, at 10:30 AM, memphismojo wrote: > Hi! My wife and I just started using MW but we are a little > confused. Still trying to figure things out. The problem we are > having right now is that the money left over in our buckets, which was > allocated from out paychecks, adds up to more than we say we actually > have left in our account. Where did we go wrong and how can we remedy > this error? Also how come you can not change the cash flow start date > to any other day besides the first of the month? The reason I ask is > because after importing all my transactions and assigning them > categories my buckets were all negative. I tried changing the cash > flow start date to the day we received our paychecks in order to bring > the buckets to a zero balance but the date always defaulted to the > beginning of the month. Why is this and how can it be changed?
Hi Jay, Sorry to hear the tutorials didn't help, we are always working to add more and improve them. If you've ever used the envelope budgeting method, using MoneyWell will be easier than if you have worked with a Quicken-style system. Most people have money left in their account(s) or around the house when they begin tracking cash flow. That's why MoneyWell has a way to put an initial amount in one bucket so you can start your balances with a positive amount. Using the Edit > Change Cash Flow Start Date, you enter the total amount of cash you have to spend at the start of the month and begin to allocate that money. MoneyWell uses the start of the month to keep a consistent time period, months, for you cash flow tracking. You can actually start using MoneyWell to track your spending and start your cash flow management on April 1, 2009. If you change the start date to a future date, MoneyWell will show you transaction totals for each bucket instead of cash remaining until then. Your account balance may not equal your bucket total (your total amount of cash left to spend). The only time these two are exact is if you only spend money out of one account and your starting cash flow amount is the same as your account balance. It's not critical that these match but you should start out tracking cash flow with real money. In other words, don't use available credit on credit cards as part of your available cash. The goal of MoneyWell is to get you on a "cash only" spending plan. Let me know if this helps any or if you have more questions please. 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 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 -~----------~----~----~----~------~----~------~--~---
