On Apr 4, 11:22 am, Druzyne <[email protected]> wrote: > 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. >
I'm not saying that all the money within any particular bucket must reside wholly within a single physical account, and in fact, if you use credit cards for routine purchases, this will likely never be the case. My point is that the sum of the balances of all your accounts which you use for cash flow (checking, credits cards you pay off every month, cash accounts) should always have a 1-to-1 mapping to the money allocated into your buckets, otherwise you are setting yourself up for trouble. If you want to frequently move money back and forth between checking and savings to maximize interest, that's fine, but then your savings account is now one your "cash flow" accounts and you need to account for every dollar in that account in some bucket. Otherwise, how would you ever catch a mistake? -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 -~----------~----~----~----~------~----~------~--~---
