On Apr 19, 11:26 am, Troy <[email protected]> wrote: > How do most people categorize payments to credit card companies like > Visa and Mastercard where there can be purchases which would go into > dozens of buckets. If I pay $500 to Visa, that might be part of my > grocery, clothing and medical allowance for ex. >
Hey Troy, I think Blair explained this pretty well. If you've already downloaded transactions from your credit card company (or manually entered them) and assigned them to buckets, then when the payment comes around, you should NOT assign it to a bucket (on either side) as it would effectively be double counting those expenses. You can achieve this by right clicking on the payment transaction and picking "Make Bucket Optional". If you're just starting out with MoneyWell, it's very likely that credit payments you are making this month are actually for transactions that occurred in previous months and have not yet been counted. In this case you should follow Blair's advice and either factor in the credit card balance into your initial cash flow (short- term card) or assign the transaction to a "Debt Payment" bucket (long- term card). -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 -~----------~----~----~----~------~----~------~--~---
