Firsto off, thanks very much to both of you for you kindness and prompt reply! This should be added to the features list of money well! :)
On 31 Mag, 21:41, Terry Norton <[email protected]> wrote: > On May 31, 2009, at 1:30 PM, CarmineM wrote: > > > Am I supposed to drag'n'drop from Salary bucket to destination buckets > > for every spending transactions recorded in the checking account, or > > am I doing something wrong? > > That's exactly the type of action that defines the bucket/envelope > method. I was perplexed because I started Importing my transactions from iBank3 and I ended up with all my buckets with negative values, and the income bucket with a lot of money which, sadly, is not true at all :D I thought that since the filling of the income bucket happens automagically also its voiding should have happened the same way, that is, once the spending plan and the allocations has been set up. > Now for your unexpected bucket behavior: > > > The behaviour I expect is that, upon recording a transaction that > > moves $20 from the checking account to the "Fuel" bucket, this bucket > > should show a "-$20". Indeed, it does. > > I also expect that the Salary bucket goes from 1223,85 to 1203,85 as a > > "side effect" of the above mentioned transacion. Instead, it remains > > steadily anchored to its original value. > > You did not put any money into your "Fuel" bucket before you did the > transaction. What happened is you spent money from the bucket that > wasn't there, so the bucket ended up with negative amount in it of -20. So far so good, and I understand this. > The Salary didn't decline by 20 because you hadn't taken $20 from it > and put it into the Fuel bucket. You did do it after you recorded > that transaction by the drag'n'drop. > > That's why you are suppose to allocate(distribute) your Salary into > your expense buckets before you pay your expenses, so that you know > before hand how much you have to spend for each expense. Then, when > you record the transaction, like your Fuel, the bucket amount will go > from $20 to zero. Ok, this makes perfect sense! Thanks! I believe the "problem" is that I expect that, upon setting up the spending plan and the allocations, as well as the cash flow start date, the application should consider that I have allocated money for each month in the range ["cash flow start date", "today"] while it only allocates for the current month! It happens that the incoming transactions fill the income bucket correctly, even though they belong to the past. While the spending transactions quickly will bring spending buckets below 0 because the have money allocated only for the month being! An example perhaps works better. I have only my checking account with a starting balance as of 31/12/2009 of 1000. The cash flow starting date is set to 01/01/2009 and the amount to 1000. The income bucket is therefore set to 1000. I set up the incoming transactions from January to June which will update the incoming bucket up to 7000. Now I go define the allocation plan for my only expense bucket and allocate 100/month. I expect that since I've set the cash flow to 01/01/2009 the allocation should consider that date and work its way through the current date. Thus, allocating 100 for each month from the cash flow start date to today, leading the expense bucket to have an amount of 600. At this point the income bucket should be of 7000 - 600 -> 6400, which doesn't happens because the application only allocates money for the current month and, thus, the income bucket gets reduced only by the current month allocation (100). So, its value is set to 7000 - 100 -> 6900. The fact is that, to me, the application expects that you start keeping track of your expenses on the very first day you start using it. This could work if you are willing to loose a year, or more, of statistical data. Of course, it could be just me doing something terribly wrong but, what is it? More I found that adding scheduled transactions that starts from 01/01/2009 only adds the first and the ones ranging from June to the end of the recurring period (I recorded the scheduled transaction on 31/05/09). Perhaps this is a bug. One more question. How am I supposed to track the expenses for which I can't (and don't want to) allocate any money? As of now, I have a bucket for each one of them which, of course, always goes negative. I can't drag'n'drop from the income bucket because I am not allocating money for them. Again, this will lead to an inconsistent income bucket amount... Thanks again for you support! Carmine --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
