On Mar 25, 2009, at 5:39 PM, Tony wrote: > I set things up, but I think I did things wrong. I still have a > Quicken mentality. I think I over used the Transfer feature, such as, > paying a credit card payment. I just made a new transaction from my > Checking account and paid the credit account directly with a > Transfer. Then I realized those transactions never made it into my > Salary bucket or any other bucket, such as a Debt Repayment bucket. > Now, I'm confused. Should I scrap the Debt Repayment bucket? Just > send things from the Salary bucket back into the appropriate Credit > Card Accounts? Un-quickening is proving to be a challenge.
Hi Tony, If I'm paying down a balance on my credit card, I assign the outgoing transaction in the transfer to my Debt Repayment bucket. I also have a planned amount set to that bucket so I allocate part of my income to paying down debt. If I were to use credit cards for mileage and am buying clothing or other items and then paying off that balance before I incur any interest charges, I don't assign either side of the transfer to a bucket because the original transaction is all that matter and that credit card transaction was assigned to my Clothing bucket (or whatever I spent the money on). You only want to assign the spending of your cash once. Past debt is filled with new interest charges so those are all unaccounted for and that's why I suggest using a Debt Repayment bucket. 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 -~----------~----~----~----~------~----~------~--~---
