[moneydance] Envelope Budgeting/Category Balances...

[Robert Kuropkat]

That's the claim I've heard about the Envelope system, that it is more 
proactive.  I'm not 100% sure I buy into it, but the immediate input of 
seeing it right there on the main screen is a point well taken.

Of course that means I'm waffling again between using categories and sub 
accounts.  I'll sleep on it a bit more.  I have some cleanup to do on my 
Quicken data I imported.  Somewhere along the line Quicken introduced 
some "features" that caught me off guard.  When I imported into 
Moneydance I discovered some garbage.  Not critical to cleanup probably 
but somewhat offensive all the same.

Thanks for the input...

Robert Kuropkat


Stephan Cox wrote:
> *This message was transferred with a trial version of CommuniGate(tm) Pro*
> When I buy something that comes out of multiple envelope accounts, I enter the actual transaction in the parent checking account, and then do a transfer deposit into the parent from the split sub accounts.
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> I don't really use any of the reporting features any more, since I have started using the envelope method. That's kind of the interesting side effect of the envelope method. You plan out where your money is going to go in advance, instead of trying to figure out where your money went to in hindsight.  It kind of forces you to stay on top of where your money is going.  The main reason I used the budget reports previously was to make sure I wasn't going over a budgeted amount. Now I know instantly, so no more need for the report.
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