[moneydance] Envelope Budgeting/Category Balances...

[Robert Kuropkat]

Interesting, another facet I had not considered. I'm still scrubbing my 
Quicken data so I have time still to decide which method I want. My hope 
was to leave as many things working as possible, even if I don't intend 
to use them.

Thanks for the forewarning...

Robert Kuropkat


Stephan Cox wrote:
> *This message was transferred with a trial version of CommuniGate(tm) Pro*
> You are correct. The drawback for me by using sub-accounts, is that I am not able to do online banking with my checking account. I can still do it with my credit cards, but not with my checking account that I have my envelopes in.
> When you reconcile, it gives you the ability to choose sub-accounts, which is the only thing that even makes using envelope budgeting possible for me.  It would be nice if you could choose "include sub-accounts" when doing online banking, and then be able to choose the account and category. Then I think I would be able to use online banking again.
> I don't think you would have this problem with the envelope method on the wiki that uses categories. If you went that route, you would probably still be able to use online banking.
>
> ----- Original Message ----
> From: Don Zickus <dzickus at gmail.com>
> To: General discussion related to Moneydance <moneydance-info at moneydance.com>
> Sent: Friday, April 11, 2008 11:06:12 AM
> Subject: Re: [moneydance] Envelope Budgeting/Category Balances...
>
>   
>>  If I use the debit card, I enter the transaction in the appropriate account.
>>  (ie. If I buy gas, I enter a $33.00 payment in the Checking->Automobile->Fuel account and select the category Discretionary->Automobile->Fuel)
>>
>>  If I need to transfer money from one account to another, I start at the one I'm transferring from, and select the one I'm transferring to as the Category. (ie. If I have need some more gas money, I'll just not go to the movies by going into Checking->Misc->Entertainment and paying $44.00 to Checking->Automobile->Fuel)
>>     
>
> This envelope budgeting thing looks interesting.  However being a big
> online bank fan (where I download all my transactions instead of doing
> it manually), how does that play into envelope budgeting?
>
> Usually I go to my checking account, download my transactions and
> place them in the appropriate categories.  Is that still possible
> here?  The sub-accounts seemed to have me a little confused.
>
> Thanks,
> Don
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