> 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. >
I guess I don't understand why having lots of accounts and/or lots of money movement would matter. If you have funds in an account that you don't want to be available for spending (such as a savings account), couldn't you just create a bucket to hold those and you would know anything in that bucket is not available for spending? This way your account and bucket balances would always match. Alternatively, you could exclude that account when add up the account balances and the numbers should always match there as well. Are you just trying to avoid having ANY buckets that don't represent available spending money? Maybe I'm missing your point here. > 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). > I've been bit by making this exact assumption myself. The problem you have is that money flows and bucket balances have no ties to reality if you don't have some mechanism of linking your account balances to your bucket balances. If you set up MoneyWell to think that only a portion of the account balance is available for spending, how do you track the remainder? If you want to transfer those funds to another account, how do you know how much "extra" is actually in there? If you find a problem in your data entry down the road and you just want to "start over", you can't because you're now in a situation where you can't account for every dollar that is in your various accounts! Maybe I'm missing something, but it seems like allowing your bucket balances and account balances to get out of sync is very dangerous and would only be safe if you had another application or spreadsheet you used for tracking the difference, at which point I would wonder why you're not simply tracking everything in MoneyWell to save yourself the headache. -Lance --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
