Money: A User’s Guide

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The Benefits of Using CategoriesAssigning a category to every transaction puts usefulinformation at your fingertips. Using categories canhelp you: Upon starting Money for the first time, you will beguided through a series of steps to perform twomain tasks: What if some options areunavailable? Not all chartoptions are available with allchart types. If an option islight grey, it means that thedisplay setting doesn't applyto the current chart type. Multiple items andcategories for a singletransaction. If there aremultiple items for a singletransaction, you can chooseto use the Split transactionfunction where each itemcan be assigned to differentcategories. For example, ifyou buy petrol along withsome drinks and sweets andyou want to create detailedreports that accurately showhow you spent your money,use the Split function torecord details for allthese items. EsEsEsEsEstimate Plan Vtimate Plan Vtimate Plan Vtimate Plan Vtimate Plan Value:alue:alue:alue:alue: Use this to produce a graph,showing an estimate of how much one of your savingsplans is likely to be worth on a specific date in thefuture, so you can see whether it will cover the cost ofa planned event for example.

Money: A User’s Guide – HarperCollins Publishers UK

You Choose!If you find the report you are using does not display theinformation in the way you want, try choosing anotherreport or go to advanced mode and customise an existingreport to create a new one specifically for your needs.As you can see, Money is bound to have a report that suitsyour needs! AAAAAdvdvdvdvdvanced Budgeanced Budgeanced Budgeanced Budgeanced Budgets:ts:ts:ts:ts: The Advanced Budget modeprovides you with functions to enter more detail aboutyour budget as well as the ability to plan long term.So while the Advanced Budget will a take little longer toset up and manage, they will also provide a morein-depth analysis of where your money is going to andcoming from. With an Advanced Budget, you can: See where your money is going. Creating a report orchart by category can help you to see where the bulkof your earnings is coming from and what it is beingspent on. This information lets you decide whether,and where, you may want to make adjustments. CategorisingYourIncome andExpensesWhen you create a newtransaction (deposit or itemof expenditure) in anAccount Register, one of theoptions you have is to assignthat transaction to acategory and, if required,subcategory.How much time do you have to enter the informa-tion? The more transactions an account has, thelonger it will take. Review RegularlyWith the tools provided by Money for keeping an eye oninvestments that interest you, it is wise to review yourinvestments regularly. What represents good value today,may be quite different in the future. The Internet is an international network of computersthat contains a nearly infinite amount of information.You can work, learn, shop, communicate with others, orjust have fun, all from the comfort of your home. On theInternet, you can: Using Money to Help Manage YourDebts and Plan for a LifetimeAheadPlanning your financial future may sound complicatedbut Money makes it easy thanks to its planning features.Whether it’s creating a budget, forecasting your cashflow, or creating a plan to reduce your debt, Money hasmany features to help you. AAAAAdvdvdvdvdvanced:anced:anced:anced:anced: This mode provides a more advancedlevel of functionality for a selected feature making itsuitable for experienced users who want to get themost from Money’s powerful features.

Money: A User’s Guide: The Sunday Times 9780008308315: Money: A User’s Guide: The Sunday Times

Note: You will also see the Money Assistant whenyou create a new Money file (File menu, New, NewFile option). Transfers betweenaccounts. The transfers ofmoney between accounts,such as from a Currentaccount to a Credit Cardaccount, cannot be assignedto a category. Microsoft .Net PassportsIf you choose to use a Passport to protect your Moneyfile, you will also be able to take advantage of additionalservices, such as the synchronisation of your investmentaccounts to MSN Money.

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Type the amount in the‘Price:’ box. The currencysymbol for ‘Price:’ changes toreflect the currency used forthe selected investment. Enter all transactions (deposits, bills, transfers andso on) from that date onwards so that your Moneyaccounts will balance with your statements. In the ‘From’ box, enterdetails of who the deposit isfrom. Previous entries will belisted on a drop-down menu.

Money: A User’s Guide – HarperCollins Money: A User’s Guide – HarperCollins

As you have assigned the income to appropriate cat-egories, when you generate reports such as ‘Income andSpending’ in the Reports gallery (Advanced mode), youcan see which of the categories is generating the mostincome. If you divide each main category into subcat-egories, Money will display even more detail on yourearnings.Which Budget is Right For You?To ensure you get the most from your budgets, choose theright budget for your needs. And don’t panic if you’re notsure which one is best because you can switch from essen-tial to advanced at any time.