unofficial microsoft.public.money FAQ and A
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Q) What's this 'Savings & Spending Budget'? Where's the real budget tool?
[Relevant to Money2007 (v.16) and up]
A) Lots of people, apparently, found the long time Advanced Budget, née Budget Planner, budgeting method too hard or cumbersome or just not useful. Somewhere along the way, Richard Jenkins, an editor at the MSN Money website, "invented" a simpler one-size-fits-all solution that he called "the 60% solution". M07 incorporated this and calls it the "Savings & Spending Budget". Collectively, they seem very proud of it.
Perhaps it will work well for some people and if it does, more power to the 60% scheme, to Money for adding it, and to the users it works well for. It seems like a simplistic toy to me, but that's just me.
Where the new toy budget gets a little more complicated is that they hide the old Advanced Budget, née Budget Planner, tool from anyone who didn't have an Advanced Budget in their file pre-dating M07. But a crafty poster, Ronald Pierce, resorted to reading the help files and found out that there is a way to get to it by typing "money://navigate/newadvbgt" into the M07 URL text box. As Michael Gordon pointed out, this is finally a useful purpose for the URL text box. Perhaps a more strategic question is how long Money will continue to support the budget tool the developers seem intent on making disappear.
References:
MSN article that gave birth to the "Savings & Spending Budget"
Please see this disclaimer if you are using Money 2005 or this comment if you are using Money 2006.
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Last update: 10 December 2006 |
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