![]() ![]() Oslo’s Peace Research Institute estimates an average of 55,000 of war deaths per year since 2000, a steep decline from 100,000 per year in the 1990s, which in turn is a fraction of the 180,000 per year during the Cold War years (1950-1989). I can think of nothing else that humans do with their technology that involves such a horrific annual loss of life.Wars, for example, kill only a fraction of us every year by comparison. It’s as if we think we can’t really affect it, or that the cost of dramatically reducing auto deaths would be too high. Both arguments are misconceptions, with major consequences to our social foresight. For years our leaders have been resigned to accept this problem. Massive numbers of the world’s people die every year in auto accidents. But then for 11 months of the year it will look like you’re underspending a little.Ī Transaction Reminder knows exactly which day of the year the expense occurs so it doesn’t suffer from that problem.In STEEPS categorization, this is a Political/Policy, Scientific, and Technological counterfactual. Unless you specify the budget item as prorated. If this month happens to be the month that the annual expense occurs then it’s going to look like you are way overspending this month. Let’s say you have an annual expense but you want to view ‘this month’s’ budget. With the mixed interval budget, if you have a budget item that occurs less frequently than the budget period you are viewing, you can choose to treat it as a prorated amount. You may be over budget on one and under budget on the other but as long as they balance out it makes no difference. If you go out to eat more often, you’ll spend less on groceries. This is useful if you don’t care too much about where money is being spent in a given sub-tree as long as you don’t exceed a total.įor example, you may have a Food category with subcategories of Dining Out and Groceries. The Reminder Review displays them in this same structure and aggregates totals at each level. They can be entered automatically into the account register at the right time.Įxpense and income categories can be arranged in a tree structure.They can be displayed on a calendar or list on the summary page to see the exact day the transaction will take place.For example, maybe you buy groceries every 4 days. They have a more flexible scheduling feature.This makes it possible to forecast account balances. They allow you to specify which account the transaction is associated with.Transaction Reminders can take you further. But that’s about as far as a budget item can take you. They both indicate an amount, a category and a frequency. Transaction Reminders are similar to budget items that you would set up in a Moneydance budget. Money Foresight uses your configured Transaction Reminders to generate a forecast or review. It shows you where your spending needs to be adjusted to keep you on track so the review functionality performs the same function as a budget. And that’s essentially the purpose of a budget. However, this feature does an equally good job of showing where your spending needs to be adjusted. So the review functionality was intended to show where reminders needed to be adjusted. If your reminders aren’t in line with your actual spending then you can’t trust the forecast. The Reminder Review feature was added as a way to verify the accuracy of the forecast. Money Foresight started out with just the forecasting functionality. Moneydance provides two ways to do budgeting. ![]()
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