Adding accounts
You need to keep your money somewhere, and wherever that is, you need to tell Debtinator. This is so you can record income into the account as well as pay your expenses and debts from it.
Just punch in accounts to match what you use. If you use a checking account and a savings account, type that in. If you have a money market account you want to contribute to on an ongoing basis, include that. If all your finances are in your sock drawer, then you have one account - "Sock Drawer".
You must add at least one account before you can do anything else. Please note that the first account in the list will be used as the default account when setting up debts, income, and expenses.
By default, accounts are liquid. This means that the funds are considered to be easily accessible by you and can be used to pay down debts or pay off expenses Examples of liquid accounts are your checking or savings accounts.
Some accounts aren't liquid, which means that the funds are not considered easily accessible on a regular basis. This can include things such as CDs, a money market account, or a 401(k). You can put money in, but not easily take it back out. These accounts are not available to pay down debts or expenses, and are just for savings purposes.
If you'd like, you can flag any bank account as not being liquid. This will ensure that Debtinator never uses money in there to pay down your debts and it's only savings that will accumulate.
To add an account:
- Click on the accounts tool button (the little piggy bank).
- Click the large '+' in the lower left.
- Fill in the account's information.