On Mar 22, 2009, at 4:51 PM, Scott H wrote: > Thank you very much for your reply, Tanja. > > Why do I want to track gross and tax withholding? I guess it's just > "habit" and "curiosity." You're right; it doesn't have any impact on > day-to-day spending, but in the past I've always tracked it. > > For reasons I don't need to explain to anyone here, I'm sure, I have > no desire to use the more famous Mac personal finance program which > can probably track this easily. I guess I'm thinking if I do this, > plus use that "tax related" checkbox that MoneyWell is going to spit > out some great reports that will be really helpful at tax time. Other > than that, I guess I'm just masochistic wanting to see how much money > has been sucked out of my pay, (usually) never to be seen again!
Scott, We used to break out our paychecks in Quicken (actually, my wife did because I was too lazy to do it) but found that after doing all that work throughout the year, we would only end up transferring a couple of values from Quicken to our tax paperwork. So now, instead of tracking financials that don't affect our cash flow, we just use our summaries from our employers to fill out our taxes. So many of us have been trained over the years to itemize and categorize every detail so we can have detailed reports and graphs only to find that we didn't improve our cash position by doing this, only our software content. It's hard to let go sometimes, but I highly recommend spending your time tracking what you can change and not what you can't. Let me know if you have any questions about the differences between MoneyWell and Quicken please. 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 -~----------~----~----~----~------~----~------~--~---
