Hi all, Handling savings with the Bucket system seems to be a thorny issue, as there seems to be a few different camps of thought for how to best make sense of savings. I will make my allegiance clear upfront, by saying I am a user that prefers to only use buckets for designating money I plan to spend. I therefore like to have a Savings bucket as part of my Spending Plan, and quickly "spending" the money so that it is no longer available for other buckets. It really helps my saving goals by giving myself less to work with.
Currently, this spending on savings is accomplished by attaching a savings bucket to transfers. This means there has to be a concrete movement of money between accounts to have the Savings bucket depleted, as pseudo-transfers won't reconcile with the bank. It seems silly to me to create a bunch of transfers with my bank in order to get my bucket amounts where I want them. Moreover, there seems to be a lot of confusion as to how to correctly apply a bucket to a transfer. The basic goal of this process is to reduce the amount of money available in buckets for spending, so it would be nice to accomplish this without involving the banks. The best metaphor I can come up with is a specialized Savings bucket that works a lot like a Trash bin for bucket money. Some of your paycheck can be allocated to it, and if other bucket amounts seem higher than what you actually want to spend, you can "trim the fat" and flow it to this bucket. Then, as often as you want, you just empty the bucket, and the money isn't there to spend or allocate anymore. If some sort of log kept track of these purges, and possibly allowed you to undo them, that would be amazing! I'm simply throwing this out there as an idea, for others to kick around. If anyone has a strategy for reducing bucket amounts without too much transfer or splitting wizardry, please let me know! //Drew --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
