> Lastly, I saw a post where it was suggested that when allocating > income to the expense buckets each month, the remaining or overspent > balance should not be considered and that the planned allocation > should be the same each month. My question would be why would you > want to ignore the surplus'. It seems to me the fiscally responsible > approach would be to only allocate enough to meet the monthly plan and > take the "extra" (the amount left in the bucket that wasn't spent) and > put it in savings or contribute it to paying off debt. Just curious.
I'm pretty new at this program, so if others have a better idea, please let me know. Here's what I'm doing about that: the buckets just tell me what I have available to spend on a particular category, not which account the money will come from. I get paid once a month, and it's silly to leave all that cash in checking until all the bills are paid. So most of it goes into savings, and then once a week or 10 days, I transfer a portion out of savings back into checking. But I want the buckets to roll over from month to month to allow for quarterly payments. For example, my health insurance premium is paid quarterly. It's a big chunk of change, so if I just waited until it was due, I'd not have enough to pay it. So each month, I allocate some to insurance. That means there's a steady monthly stream into the bucket and at the end of most months, it looks like there's a surplus. But there's a large outflow once per quarter. In the meantime, the money is sitting in savings until I need to spend it. But if I'd used it to pay down debt in the off months, I'd be in a real pickle. Make sense? Anita --~--~---------~--~----~------------~-------~--~----~ 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 no-thirst-software@googlegroups.com To unsubscribe from this group, send email to no-thirst-software+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
