Bucket totals are simply earmarks for your incoming money - meta- accounts that only make sense in the context of trying to spend less than you earn. They should not be tied to any particular accounts, and if you are honest about spending only what you earn when allocating money, these balances should not exceed your actual assets.
The main reason for not tying them to accounts is that money sitting in your checking account is earning you less money in interest than money sitting in a savings or money market account. If you've marked money for spending, but won't be spending it until later in the month, then you maximize your interest profits by moving it to a high- interest savings account, and transferring chunks back to checking as you need them. This practice earns me several more dollars a month. As the savings account then has money you don't want to touch, and money you plan to spend, having a concrete link between the account balance and bucket balances will make you think you have more to spend if included, or less to spend if excluded. If you're not participating in the "Interest Rate Game," then you should think about starting. It's very little effort to transfer money to where it's best working for you, once you make it a habit. Banks try to squeeze every penny they can out of you - you should return the favor!! --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
