> 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.
I agree! I only leave about one or two hundred in checking, and the rest is in savings. That's the wonderful thing about how buckets are handled - the money is marked for spending, regardless of which account it is in. > 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? Yes, this is another strength of MoneyWell, and one that drew me to it. Not many other programs allow you to build up funds for certain expenses over several months. My "Taxes" bucket accumulates all year. The surplus we were describing (at least, that I was describing) is for revolving discretionary expenses, like Dining or Entertainment. You help yourself a lot by converting any surplus in these buckets into savings. //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 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 -~----------~----~----~----~------~----~------~--~---
