On Mar 26, 2009, at 1:21 PM, Troy wrote: > I am excited about setting up and using MoneyWell. I've researched the > forums, watched the tutorials and have a vague, general notion about > how to begin. I may have overlooked this in the forum archives; does a > written, step-by-step set of basic instructions exist for newbies. > I've enabled direct connect with my bank. I can download banking > transactions into MoneyWell. I don't think I fully understand how to > use buckets. I know now much to pay and to whom re: my creditors. Do I > set up a bucket for each bill due during the month? > Hi Troy,
You can set up as many or as few buckets as you'd like. We have a few articles about keeping the list smaller (http://nothirst.com/ articles/). Think of buckets as a way to group transactions into focus groups. I have a tendency to eat out so I make sure I have a Dining bucket to track that spending. I don't break out my utilities as much anymore but I do still have one for each. All my insurance bills are in one bucket though (auto, home, life, heath). It's all about improving your cash flow. If you have a problem area, break it out and focus on improving it. > How do I match up downloaded banking transactions with the bucket? Click the camera button next to the Payee name and create a memorized transaction. You can set up multiple aliases for each one so MoneyWell can match them up with downloaded transactions. If you download a transaction with the payee "DEBIT CARD 0206 HOME DEPOT #2464" you can add a memorized transaction with the payee "Home Depot" and and alias of "home depot" (MoneyWell will actually create that automatically) and then tell it what bucket to use for this each time. Let me know if you have more questions. 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 -~----------~----~----~----~------~----~------~--~---
