[No Thirst Software] Re: New user, want to start on the right foot with especially with credit cards
Hi Paul... I can help with your first question Probably the best way to handle your credit cards is to have a bucket named Debt Repayment under your checking account. Your credit card accounts will be set up on their own in Accounts. When you use the card, the transaction will be under the pertinent card/account and you will name whichever bucket the expense came out of. I don't download my credit card bills as I don't use them very much. When I pay my credit card, I use the Debt Repayment bucket in my checking account and use the Transfer feature drop down menu for the card/account the payment is going into. The amount is then credited to my cc account in MW. Does this make sense? I was up late last night. It's great software with a great support group and a Prince of a developer. :-) Karen On 30-May-09, at 12:57 PM, paul wrote: Hello, Just started with Moneywell on a friend's advice and think it's a great package. But I do have a couple questions: I've read some of the posts about credit cards and watched the tutorials but I'm still unclear how to handle these in moneywell. So far what I've done is setup a bucket for each credit card (2 cards). I don't actively use these cards and don't pay them off every month. Should I also create accounts for each card so I can track the balance on the cards? Not sure if this is the way it's normally done. Second question is setting up the timings for each month on buckets. I get paid on the 1st and 15th so most of my buckets are set up for either the first half or second half of the month but some are set up for all month. So on the 1st after it allocates to all my first half buckets will it just take the remainder and apply it to all the buckets timed for all month based on priority? And the second half would do the same? I just want to be clear on it. Thanks again, so far great product. paul --~--~-~--~~~---~--~~ 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: New user, want to start on the right foot with especially with credit cards
On May 30, 2009, at 10:57 AM, paul wrote: Second question is setting up the timings for each month on buckets. I get paid on the 1st and 15th so most of my buckets are set up for either the first half or second half of the month but some are set up for all month. So on the 1st after it allocates to all my first half buckets will it just take the remainder and apply it to all the buckets timed for all month based on priority? And the second half would do the same? I just want to be clear on it. Thanks again, so far great product. Hi Paul, If you set a bucket to First Half then it will fill completely in the first part of the month and the Second Half timings fill only in the second half. Check out How is the Timing setting used on buckets, spending plans, and allocations? and let me know if that helps. 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 -~--~~~~--~~--~--~---
