On Apr 3, 2009, at 6:46 PM, Lance wrote:

>> I personally don't worry about matching up the two matching up but I
>> added it to make it easier to see your bucket cash total.
>>
>
> Kevin,
>
> If you don't worry about account balances matching up with bucket
> amounts, how do you protect yourself from mistakes that make you think
> you have more money than you really do? It seems like the "specific
> situation" you described should be the standard MoneyWell usage model
> and I'm curious why you don't follow it.
>
Lance,

Because I have several accounts and lots of money movement between  
them. My buckets contain money that I have allocated to them from my  
income buckets and I don't spend what I haven't allocated. That's the  
standard MoneyWell usage model: Allocate only what you earn and spend  
only what you allocate.

> Personally, I always ensure these numbers match when I first open
> MoneyWell and before I close it and I've caught many of my mistakes
> this way. In fact, I'd like to see an option in MoneyWell to enforce
> this check (or at least make it more visible) for those of us who use
> the application this way.
>
> I don't see any advantages to not keeping these numbers in sync and I
> see many pitfalls to allowing them to get out of sync. Your thoughts?


If you have a simple set of accounts and this works for you, then  
continue to do it. It's not necessary because you shouldn't overspend  
if you only use what's in the buckets and only fill the buckets with  
real money (no credit cards allowed).

Peace,

Kevin Hoctor
[email protected]
No Thirst Software LLC
http://nothirst.com
http://kevinhoctor.blogspot.com


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