Buckets

Buckets are the center of MoneyWell's budgeting. MoneyWell gives you a default set of buckets when you go through the new document process, but you will probably need to change them as your budget evolves. 

Adding Buckets 

You can add a new bucket by clicking the + under the Source list and selecting New Bucket. You can also use the File menu. You can add accounts manually or, if you have direct connect service from your bank, you can use that to add the account 

Edit bucket popover

Editing Buckets 

To edit an existing bucket, double-click on the bucket in the Source list or right-click on the bucket and select Edit Bucket from the menu. Whether it's a new or existing bucket, you can change the settings in the Bucket info popover. 

Bucket Values: 

  • Name - This is a required title for the bucket. 
  • Memo - An optional description of how to use this bucket. 
  • Type - A bucket is either an income or expense bucket. 
  • Currency - Sets the default plan currency for every transaction in that bucket. It also drives the currency formatting for the buckets list and reports. 

Bucket Options: 

  • Hidden - Toggle the visibility of a bucket in the source list. 
  • Tax-related - Tells MoneyWell to use transactions in this bucket for tax-related reporting. 

Fill Buckets:

  • Include in Fill Buckets - Keep this option checked for most buckets if you want the Fill Buckets action to use an income bucket to fill other buckets or to have an expense bucket be filled. If you uncheck this then you will have to manually transfer money between buckets. 
  • Fill From - MoneyWell normally fills an expense bucket from any income bucket with money, but you can restrict the fill process to use a specific income bucket for each expense bucket if you'd like.
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