On 3 Giu, 00:21, Terry Norton <[email protected]> wrote:
> On Jun 2, 2009, at 2:36 AM, CarmineM wrote:
>
> > 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.
>
> You're making this too complicated. It's really simple. Moneyflows,
> allocating income into buckets, only deals with money you physically
> possess right now, today: money in your mattress, checking account,
> savings account, cash in your pocket. You cannot allocate money you
> don't have.
> Trying to do allocations for past months is a total waste of energy
> because that's all history.
Think so?
Let me explain why past allocations are meaningful to me, perhaps you
might
help me finding a better way to manage this all.
I need to track past flows because I have already saved for bills yet
to come.
E.g.
Usually my electricity bill has a mean value of 90 every two months,
so each month I save 45.
What happens is that, from time to time, the bill's value I have to
pay is over the mean value of 90.
If I start tracking money flows from June 1st, I will have 45
allocated for electricity and when the bill
arrives my electricity bucket will go below 0, which is absolutley
false since I still have money left from past
months rollovers.
Makes any sense?
> > One more question. How am I supposed to track the expenses for which I
> > can't (and don't want to) allocate any money?
>
> You lost me here. Why can't you allocate money for an expense?
I admit the question wasn't clear at all, I beg your pardon. Honestly
it hasn't much sense either.
Usually, those are expenses for which I cannot predict the allocations
and that I get a reimbursement for from my employer. Since they are
very frequent, I liked the idea to have them visible together with
other buckets.
Thanks for your help
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