[No Thirst Software] Re: Soubts about buckets and multiple accounts
Thanks for all your answers. In our case, we doen't pool our earnings together, we reconcile at the end of the month and both of us do a transaction to the common account. --~--~-~--~~~---~--~~ 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: Soubts about buckets and multiple accounts
On Jun 2, 2009, at 4:15 AM, Oletros wrote: Hi, I have some doubts about how MW works. Currently I'm using 2 different documents, one for my personal accounts and another for my house accounts. If I use only one document for all the accounts, how the spending buckets will be treated? Do I have to duplicate buckets for the two accounts (Personal Restaurants and House Restaurants) or I can use just one (Restaurants) and I can view the bucket for the two accounts? Hello, Actually, I don't see the difference between house and personal accounts. If you are trying to use an envelope budgeting system (or any budget really), you can't break out accounts like this or you will end up losing track of where you money is really spent. The whole idea is to have one single set of buckets and only spend what has been allocated to the buckets so that you get away from viewing account balances as the source of your cash flow. The exception to this rule is if you are running a business and you need to keep business spending 100 percent separate from personal. Will the iPhone version deal with multiple documents? Yes, it will. 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: Soubts about buckets and multiple accounts
On Jun 2, 3:15 pm, Kevin Hoctor ke...@nothirst.com wrote: Actually, I don't see the difference between house and personal accounts. If you are trying to use an envelope budgeting system (or any budget really), you can't break out accounts like this or you will end up losing track of where you money is really spent. Peace, Kevin Hoctor ke...@nothirst.com No Thirst Software LLChttp://nothirst.comhttp://kevinhoctor.blogspot.com The Personal account is my own account and I have my own buckets for my personal expenses. The House account is an account owned by my wife and I and we track the expenses we do in common. I have a bucket in my Personal document which is House Expenses where I transfer the money. Is like to withdraw from the account and put it on the Cash only. In the House document we have an Income bucket called House income where we transfer the money from our personal accounts. So, we have under control the buckets but my own expenses are independent from the common ones. --~--~-~--~~~---~--~~ 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: Soubts about buckets and multiple accounts
Currently I'm using 2 different documents, one for my personal accounts and another for my house accounts. If I use only one document for all the accounts, how the spending buckets will be treated? Do I have to duplicate buckets for the two accounts (Personal Restaurants and House Restaurants) or I can use just one (Restaurants) and I can view the bucket for the two accounts? Oletros, I personally think you'd be saving yourself a lot of extra work and confusion by having just one document with both your personal and joint accounts. For starters, you'd have a single transfer transaction for contributions to the joint account - rather than having to open another document and recreate the transaction. Also, you'll get the benefit of being able to see all your money at once. Since the separate accounts indicate separate purposes, it's not inappropriate for there to be a bucket for each. How many duplicates are there? If you're looking to consolidate buckets, you might be able to combine some of the household expenses, or some of the personal expenses in one bucket. For example, an Entertainment and a Vacation bucket could be combined into a Fun bucket. Soon I'll be joining my accounts with those of my fiancee, and I think MoneyWell perfectly allows the independence many find in personal accounts. Much like a virtual account, we each will have an NQA bucket (No Questions Asked) for personal discretionary spending. Whether we save for big-ticket personal purchases, or blow it on a lot of small things, is completely up to us individually. We think it will work because we trust each other to stick to the limits, but we don't have to justify these purchases to each other. That's the theory, anyways - we'll see how it holds up in practice :) //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: Soubts about buckets and multiple accounts
Wow, Drew. I'm impressed--a healthy money relationship before you even get married! Love the NQA buckets. :-) Karen On 2-Jun-09, at 2:54 PM, Druzyne wrote: Currently I'm using 2 different documents, one for my personal accounts and another for my house accounts. If I use only one document for all the accounts, how the spending buckets will be treated? Do I have to duplicate buckets for the two accounts (Personal Restaurants and House Restaurants) or I can use just one (Restaurants) and I can view the bucket for the two accounts? Oletros, I personally think you'd be saving yourself a lot of extra work and confusion by having just one document with both your personal and joint accounts. For starters, you'd have a single transfer transaction for contributions to the joint account - rather than having to open another document and recreate the transaction. Also, you'll get the benefit of being able to see all your money at once. Since the separate accounts indicate separate purposes, it's not inappropriate for there to be a bucket for each. How many duplicates are there? If you're looking to consolidate buckets, you might be able to combine some of the household expenses, or some of the personal expenses in one bucket. For example, an Entertainment and a Vacation bucket could be combined into a Fun bucket. Soon I'll be joining my accounts with those of my fiancee, and I think MoneyWell perfectly allows the independence many find in personal accounts. Much like a virtual account, we each will have an NQA bucket (No Questions Asked) for personal discretionary spending. Whether we save for big-ticket personal purchases, or blow it on a lot of small things, is completely up to us individually. We think it will work because we trust each other to stick to the limits, but we don't have to justify these purchases to each other. That's the theory, anyways - we'll see how it holds up in practice :) //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: Soubts about buckets and multiple accounts
I just had to chime in on this. This is exactly how me and my wife arrange our household economy. We pool all of our earnings in one big pool, but set aside an NQA bucket each every month that we use for personal stuff. This makes it perfectly fair even though my income is higher than hers, because our NQA buckets are equal in size. So I say go for that arrangement, Drew! :D On Jun 2, 8:07 pm, Karen kar...@gmail.com wrote: Wow, Drew. I'm impressed--a healthy money relationship before you even get married! Love the NQA buckets. :-) Karen On 2-Jun-09, at 2:54 PM, Druzyne wrote: Currently I'm using 2 different documents, one for my personal accounts and another for my house accounts. If I use only one document for all the accounts, how the spending buckets will be treated? Do I have to duplicate buckets for the two accounts (Personal Restaurants and House Restaurants) or I can use just one (Restaurants) and I can view the bucket for the two accounts? Oletros, I personally think you'd be saving yourself a lot of extra work and confusion by having just one document with both your personal and joint accounts. For starters, you'd have a single transfer transaction for contributions to the joint account - rather than having to open another document and recreate the transaction. Also, you'll get the benefit of being able to see all your money at once. Since the separate accounts indicate separate purposes, it's not inappropriate for there to be a bucket for each. How many duplicates are there? If you're looking to consolidate buckets, you might be able to combine some of the household expenses, or some of the personal expenses in one bucket. For example, an Entertainment and a Vacation bucket could be combined into a Fun bucket. Soon I'll be joining my accounts with those of my fiancee, and I think MoneyWell perfectly allows the independence many find in personal accounts. Much like a virtual account, we each will have an NQA bucket (No Questions Asked) for personal discretionary spending. Whether we save for big-ticket personal purchases, or blow it on a lot of small things, is completely up to us individually. We think it will work because we trust each other to stick to the limits, but we don't have to justify these purchases to each other. That's the theory, anyways - we'll see how it holds up in practice :) //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 -~--~~~~--~~--~--~---
