[No Thirst Software] Re: Allocating Income, I had to do 12 times
Michael, If I understand you correctly, I think that you would want to set the allocation for 1st Half. This will ensure that when you want to allocate on the 1st of the month, all your money will be allocated in the 1st half (which is the half that you're in on the 1st of the month). I hope this makes sense. If you were to select second half on all of your buckets, they would not be allocated unless you selected Allocate Income sometime during the second half of the month. Grace to you, Blair On Jun 8, 2009, at 10:45 AM, Jason wrote: Thanks everybody for the helpful responses! On Jun 8, 6:09 am, bazcurtis bazm...@bazmac.co.uk wrote: Hi all, This is what I was trying to achieve, just for clarity. All my direct debits come out of Moneywell on the 1st of the month. I am paid on the first on the month. I want to fill my buckets in one go at that time. From what I am reading I need to set the allocate income to the 2nd half of the month and all will be well. Looking forward to next month :-) Best wishes Michael On Jun 8, 3:13 am, Druzyne drew.k...@gmail.com wrote: Jason, I just wanted to make sure you understand that the Timing of an allocation is specified in two places: once on your Spending Plan, where you specify First Half/Second Half/All Month for each bucket; and second on the Allocate Income panel (after you click the Allocate Income icon) where you specify that the allocation is for the First Half or Second Half of the month. The setting on the Allocate Income panel seems to adjust automatically based on the current date, but it can be changed. So, for those like myself who are paid once a month, and want to allocate once a month, we must specifically choose a Second Half allocation on the first of a month for all of our income to be allocated (since it's already there). I believe this was what Michael was trying to achieve. You really should try to see a difference between the timing of a bucket, and the priority of a bucket. Priority means deciding that if there are limited funds, the electric bill should always win out against a vacation fund. This setting is best for those that have variable or unpredictable income. Timing means that if you're paid bi- weekly or semi-monthly, you can hold off on allocating to your electricity bucket until the second paycheck, because the bill is due at the end of the month. These settings have different purposes for different situations. I'm glad, however, that Kevin shared how priority figures into timing and allocation. For those that allocate twice a month, it shows how beneficial it would be to always set the timing of low-priority buckets to Second Half (in the Spending Plan). It's not a big deal, though, since you can always flow money out of low-priority buckets. //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 -~--~~~~--~~--~--~---
[No Thirst Software] Re: Allocating Income, I had to do 12 times
Hi Bill, I would have thought the same, but Kevin and Drew are saying that as the buckets are set to all month, the setting should be the second half. I will try next month. I have no more money to allocate :-( Best wishes Michael On Jun 9, 11:14 am, The Watkinson Family thewatkins...@mac.com wrote: Michael, If I understand you correctly, I think that you would want to set the allocation for 1st Half. This will ensure that when you want to allocate on the 1st of the month, all your money will be allocated in the 1st half (which is the half that you're in on the 1st of the month). I hope this makes sense. If you were to select second half on all of your buckets, they would not be allocated unless you selected Allocate Income sometime during the second half of the month. Grace to you, Blair On Jun 8, 2009, at 10:45 AM, Jason wrote: Thanks everybody for the helpful responses! On Jun 8, 6:09 am, bazcurtis bazm...@bazmac.co.uk wrote: Hi all, This is what I was trying to achieve, just for clarity. All my direct debits come out of Moneywell on the 1st of the month. I am paid on the first on the month. I want to fill my buckets in one go at that time. From what I am reading I need to set the allocate income to the 2nd half of the month and all will be well. Looking forward to next month :-) Best wishes Michael On Jun 8, 3:13 am, Druzyne drew.k...@gmail.com wrote: Jason, I just wanted to make sure you understand that the Timing of an allocation is specified in two places: once on your Spending Plan, where you specify First Half/Second Half/All Month for each bucket; and second on the Allocate Income panel (after you click the Allocate Income icon) where you specify that the allocation is for the First Half or Second Half of the month. The setting on the Allocate Income panel seems to adjust automatically based on the current date, but it can be changed. So, for those like myself who are paid once a month, and want to allocate once a month, we must specifically choose a Second Half allocation on the first of a month for all of our income to be allocated (since it's already there). I believe this was what Michael was trying to achieve. You really should try to see a difference between the timing of a bucket, and the priority of a bucket. Priority means deciding that if there are limited funds, the electric bill should always win out against a vacation fund. This setting is best for those that have variable or unpredictable income. Timing means that if you're paid bi- weekly or semi-monthly, you can hold off on allocating to your electricity bucket until the second paycheck, because the bill is due at the end of the month. These settings have different purposes for different situations. I'm glad, however, that Kevin shared how priority figures into timing and allocation. For those that allocate twice a month, it shows how beneficial it would be to always set the timing of low-priority buckets to Second Half (in the Spending Plan). It's not a big deal, though, since you can always flow money out of low-priority buckets. //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 -~--~~~~--~~--~--~---
[No Thirst Software] Re: Allocating Income, I had to do 12 times
If you were to select second half on all of your buckets, they would not be allocated unless you selected Allocate Income sometime during the second half of the month. To clarify, you in fact can select a second-half allocation during the first half of the month (on the Allocate Income panel). However, changing all of your buckets to First Half allocation would take advantage of automatic behavior. I would have thought the same, but Kevin and Drew are saying that as the buckets are set to all month, the setting should be the second half. I will try next month. I have no more money to allocate :-( Both approaches are valid. However, I prefer to consider the timing of buckets and of allocation separately, much as the program does. Besides forcing a deliberate consideration of my buckets, this offers me a degree of flexibility. At any time, I could seamlessly transition to allocating twice a month. If, for example, I were to change to a job that paid semi-monthly, then there would be no need to change the timing of buckets, as I had already set those to a mix of first/second/ all. //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 -~--~~~~--~~--~--~---
[No Thirst Software] Re: Allocating Income, I had to do 12 times
Hi all, This is what I was trying to achieve, just for clarity. All my direct debits come out of Moneywell on the 1st of the month. I am paid on the first on the month. I want to fill my buckets in one go at that time. From what I am reading I need to set the allocate income to the 2nd half of the month and all will be well. Looking forward to next month :-) Best wishes Michael On Jun 8, 3:13 am, Druzyne drew.k...@gmail.com wrote: Jason, I just wanted to make sure you understand that the Timing of an allocation is specified in two places: once on your Spending Plan, where you specify First Half/Second Half/All Month for each bucket; and second on the Allocate Income panel (after you click the Allocate Income icon) where you specify that the allocation is for the First Half or Second Half of the month. The setting on the Allocate Income panel seems to adjust automatically based on the current date, but it can be changed. So, for those like myself who are paid once a month, and want to allocate once a month, we must specifically choose a Second Half allocation on the first of a month for all of our income to be allocated (since it's already there). I believe this was what Michael was trying to achieve. You really should try to see a difference between the timing of a bucket, and the priority of a bucket. Priority means deciding that if there are limited funds, the electric bill should always win out against a vacation fund. This setting is best for those that have variable or unpredictable income. Timing means that if you're paid bi- weekly or semi-monthly, you can hold off on allocating to your electricity bucket until the second paycheck, because the bill is due at the end of the month. These settings have different purposes for different situations. I'm glad, however, that Kevin shared how priority figures into timing and allocation. For those that allocate twice a month, it shows how beneficial it would be to always set the timing of low-priority buckets to Second Half (in the Spending Plan). It's not a big deal, though, since you can always flow money out of low-priority buckets. //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 -~--~~~~--~~--~--~---
[No Thirst Software] Re: Allocating Income, I had to do 12 times
Thanks everybody for the helpful responses! On Jun 8, 6:09 am, bazcurtis bazm...@bazmac.co.uk wrote: Hi all, This is what I was trying to achieve, just for clarity. All my direct debits come out of Moneywell on the 1st of the month. I am paid on the first on the month. I want to fill my buckets in one go at that time. From what I am reading I need to set the allocate income to the 2nd half of the month and all will be well. Looking forward to next month :-) Best wishes Michael On Jun 8, 3:13 am, Druzyne drew.k...@gmail.com wrote: Jason, I just wanted to make sure you understand that the Timing of an allocation is specified in two places: once on your Spending Plan, where you specify First Half/Second Half/All Month for each bucket; and second on the Allocate Income panel (after you click the Allocate Income icon) where you specify that the allocation is for the First Half or Second Half of the month. The setting on the Allocate Income panel seems to adjust automatically based on the current date, but it can be changed. So, for those like myself who are paid once a month, and want to allocate once a month, we must specifically choose a Second Half allocation on the first of a month for all of our income to be allocated (since it's already there). I believe this was what Michael was trying to achieve. You really should try to see a difference between the timing of a bucket, and the priority of a bucket. Priority means deciding that if there are limited funds, the electric bill should always win out against a vacation fund. This setting is best for those that have variable or unpredictable income. Timing means that if you're paid bi- weekly or semi-monthly, you can hold off on allocating to your electricity bucket until the second paycheck, because the bill is due at the end of the month. These settings have different purposes for different situations. I'm glad, however, that Kevin shared how priority figures into timing and allocation. For those that allocate twice a month, it shows how beneficial it would be to always set the timing of low-priority buckets to Second Half (in the Spending Plan). It's not a big deal, though, since you can always flow money out of low-priority buckets. //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 -~--~~~~--~~--~--~---
[No Thirst Software] Re: Allocating Income, I had to do 12 times
Thanks Drew and Kevin, I will make sure that is the setting. Once I have set that will that setting stick. This is the first time this has happened. Did the default change? Thanks once again. Best wishes Michael On Jun 7, 12:43 am, Kevin Hoctor ke...@nothirst.com wrote: On Jun 6, 2009, at 6:21 AM, bazcurtis wrote: I just checked and all buckets are set to All Month. Does that give any clues? Yes. That means that MoneyWell will not fill them completely until the Allocate Income panel is showing Second Half as the setting. Peace, Kevin Hoctor ke...@nothirst.com No Thirst Software LLChttp://nothirst.comhttp://kevinhoctor.blogspot.com --~--~-~--~~~---~--~~ 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 -~--~~~~--~~--~--~---
[No Thirst Software] Re: Allocating Income, I had to do 12 times
On Jun 7, 2009, at 3:54 AM, bazcurtis wrote: Thanks Drew and Kevin, I will make sure that is the setting. Once I have set that will that setting stick. This is the first time this has happened. Did the default change? Michael, I think back in 1.4.7 a bug was fixed that had the allocate income timing set to the second half of the month when it should have been the first. This would have filled the buckets too early. Peace, Kevin Hoctor ke...@nothirst.com No Thirst Software LLC http://nothirst.com http://kevinhoctor.blogspot.com --~--~-~--~~~---~--~~ 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 -~--~~~~--~~--~--~---
[No Thirst Software] Re: Allocating Income, I had to do 12 times
Drew and Kevin, If I'm reading Drew's comments correctly, it seems to conflict with the logic outlined in the FAQ and link that he provides. The FAQ states: When set to the first half, MoneyWell will fill all the buckets set to First Half fully and the buckets set to All Month partially. Those buckets set to Second Half are ignored. The way I interpret this, if you set the allocation timing of a bucket to the first half of the month, that bucket is given priority and the fill to amount is filled completely. The FAQ seems to stated that you prioritize the timing of expense buckets based on when in the month (first half/second half) you pay the bill. It seems logical that you can then allocate income to those buckets in the first half of the month for expenses that are incurred in the first half of the month. Lastly, is timing for when you allocate income a variable in this process? For example, I'm paid on the 15th and the 30th of the month and had planned on allocating income after I log income for each date. I'm assuming that I will log the income on the 15th, use the allocate income process, and my buckets that are set as first half will be prioritized. Then on the 30th, I'll do the same process and my buckets set for the second half will be prioritized. Am I understanding correctly and is this the best process to follow? Thanks, Jason On Jun 6, 1:35 pm, Druzyne drew.k...@gmail.com wrote: I just checked and all buckets are set to All Month. Does that give any clues? Michael, To get the buckets to fill all the way up at once, you need to adjust the timing of the allocation to second half of the month. When you click the Allocate Income icon, and the roll-out window comes out, there's a drop-down list in the upper right that says Monthly Timing. You'll want to set this to the second half of the month. This FAQ does a good job explaining how Timing affects allocation: http://nothirst.com/support/faq_bucketTiming.html //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 -~--~~~~--~~--~--~---
[No Thirst Software] Re: Allocating Income, I had to do 12 times
On Jun 7, 2009, at 9:54 AM, Jason wrote: If I'm reading Drew's comments correctly, it seems to conflict with the logic outlined in the FAQ and link that he provides. The FAQ states: When set to the first half, MoneyWell will fill all the buckets set to First Half fully and the buckets set to All Month partially. Those buckets set to Second Half are ignored. The way I interpret this, if you set the allocation timing of a bucket to the first half of the month, that bucket is given priority and the fill to amount is filled completely. The FAQ seems to stated that you prioritize the timing of expense buckets based on when in the month (first half/second half) you pay the bill. It seems logical that you can then allocate income to those buckets in the first half of the month for expenses that are incurred in the first half of the month. Jason, From what I read, he had his buckets set to All Month and that's why he's not getting them filled completely until the Allocate Income panel is set to Second Half timing. During the first half of the month, the all month buckets get filled half of the remaining planned amount. You can see how this could continue to fill them partially. Lastly, is timing for when you allocate income a variable in this process? For example, I'm paid on the 15th and the 30th of the month and had planned on allocating income after I log income for each date. I'm assuming that I will log the income on the 15th, use the allocate income process, and my buckets that are set as first half will be prioritized. Then on the 30th, I'll do the same process and my buckets set for the second half will be prioritized. Am I understanding correctly and is this the best process to follow? Actually, the buckets are filled in priority order as you have placed them on the list. MoneyWell starts at the top and works its way down applying the other rules for first/second/all month timing. Peace, Kevin Hoctor ke...@nothirst.com No Thirst Software LLC http://nothirst.com http://kevinhoctor.blogspot.com --~--~-~--~~~---~--~~ 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 -~--~~~~--~~--~--~---
[No Thirst Software] Re: Allocating Income, I had to do 12 times
Jason, I just wanted to make sure you understand that the Timing of an allocation is specified in two places: once on your Spending Plan, where you specify First Half/Second Half/All Month for each bucket; and second on the Allocate Income panel (after you click the Allocate Income icon) where you specify that the allocation is for the First Half or Second Half of the month. The setting on the Allocate Income panel seems to adjust automatically based on the current date, but it can be changed. So, for those like myself who are paid once a month, and want to allocate once a month, we must specifically choose a Second Half allocation on the first of a month for all of our income to be allocated (since it's already there). I believe this was what Michael was trying to achieve. You really should try to see a difference between the timing of a bucket, and the priority of a bucket. Priority means deciding that if there are limited funds, the electric bill should always win out against a vacation fund. This setting is best for those that have variable or unpredictable income. Timing means that if you're paid bi- weekly or semi-monthly, you can hold off on allocating to your electricity bucket until the second paycheck, because the bill is due at the end of the month. These settings have different purposes for different situations. I'm glad, however, that Kevin shared how priority figures into timing and allocation. For those that allocate twice a month, it shows how beneficial it would be to always set the timing of low-priority buckets to Second Half (in the Spending Plan). It's not a big deal, though, since you can always flow money out of low-priority buckets. //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 -~--~~~~--~~--~--~---
[No Thirst Software] Re: Allocating Income, I had to do 12 times
Hi Kevin, I just checked and all buckets are set to All Month. Does that give any clues? Best wishes Michael On Jun 5, 9:33 pm, Kevin Hoctor ke...@nothirst.com wrote: On Jun 5, 2009, at 1:35 PM, bazcurtis wrote: I am running 1.4.7 and will upgrade tomorrow, but I have just allocated my income for the month and I had to do it 12 times to get the full allocation allotted to the buckets. Normally it would allocated the full amount in one go. It has never done this before. Have I managed to tick something by mistake? All help would be most welcome. Hi Michael, The only thing I can think of is that the Timing settings were off on the Allocate Income panel. Is it possible that some of your buckets weren't set to fill until the second half of the month and the timing for the allocation was the first half? Peace, Kevin Hoctor ke...@nothirst.com No Thirst Software LLChttp://nothirst.comhttp://kevinhoctor.blogspot.com --~--~-~--~~~---~--~~ 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 -~--~~~~--~~--~--~---
[No Thirst Software] Re: Allocating Income, I had to do 12 times
I just checked and all buckets are set to All Month. Does that give any clues? Michael, To get the buckets to fill all the way up at once, you need to adjust the timing of the allocation to second half of the month. When you click the Allocate Income icon, and the roll-out window comes out, there's a drop-down list in the upper right that says Monthly Timing. You'll want to set this to the second half of the month. This FAQ does a good job explaining how Timing affects allocation: http://nothirst.com/support/faq_bucketTiming.html //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 -~--~~~~--~~--~--~---
[No Thirst Software] Re: Allocating Income, I had to do 12 times
On Jun 6, 2009, at 6:21 AM, bazcurtis wrote: I just checked and all buckets are set to All Month. Does that give any clues? Yes. That means that MoneyWell will not fill them completely until the Allocate Income panel is showing Second Half as the setting. Peace, Kevin Hoctor ke...@nothirst.com No Thirst Software LLC http://nothirst.com http://kevinhoctor.blogspot.com --~--~-~--~~~---~--~~ 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 -~--~~~~--~~--~--~---
[No Thirst Software] Re: Allocating Income, I had to do 12 times
On Jun 5, 2009, at 1:35 PM, bazcurtis wrote: I am running 1.4.7 and will upgrade tomorrow, but I have just allocated my income for the month and I had to do it 12 times to get the full allocation allotted to the buckets. Normally it would allocated the full amount in one go. It has never done this before. Have I managed to tick something by mistake? All help would be most welcome. Hi Michael, The only thing I can think of is that the Timing settings were off on the Allocate Income panel. Is it possible that some of your buckets weren't set to fill until the second half of the month and the timing for the allocation was the first half? Peace, Kevin Hoctor ke...@nothirst.com No Thirst Software LLC http://nothirst.com http://kevinhoctor.blogspot.com --~--~-~--~~~---~--~~ 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 -~--~~~~--~~--~--~---
