THE CLOUD

The KJ Money Model being on the Cloud has several advantages. Firstly you can pick up the KJ Money Model on any computer, tablet or cell-phone anywhere in the world and last time you used the program will come up. Next it automatically saves every time you use the program. Program updates and improvements come up automatically. Web-site adverts can be shown for your area which makes the program free of charge.

BUT

The user needs to be on Broadband on the Internet. Also the speed of your Wi-Fi makes a difference to the speed of calculations. You need to ENTER after figures are put in and wait until your program has “done its stuff” before you can enter further figures. If you try too early you cannot make an entry. Slow or fast broadband makes a big difference. Normally there is not a lot of entering to do so it pays not to go too fast.

MONTHS WITH EXTRA PAY-DAYS

Most months have 4 paydays but four months have 5. Also most months have 2 fortnights pay but some have 3 We need to identify these special months. On the right side of the Home Page enter the day of the first Weekly pay in January of the current year (1-7) and below that enter the first fortnightly date in January of fortnightly wages or benefits. The effect of this is that the Months with extra Weeks or Fortnights pay will be indicated on the Setup page. If a W is put beside any Income or Expense it will be automatically entered in the relevant Monthly column. If an F is entered you need to enter the extra months manually. Leap years are automatically adjusted.

STARTING PARTWAY THROUGH A YEAR

Make your plan for a full year then enter end of month reasonably accurate ACTUAL balances each month to date. The balance you enter in the last month before you start should be EXACT. You can adjust your forward plan as you go along if required.

DAILY ITEMS

For items that are used daily such as food, petrol etc enter a daily amount with a "D" This way the total for each month will vary from month to month. You also do not need to make any allowance for 5 week months.

GENERAL HINTS

When monthly big accounts come in such as Power, Phone etc overwrite the budget amount with the actual. Some people find it useful to keep supermarket dockets and enter the total on the Months account. If you keep to your Weekly plan there should be enough for the big monthly accounts in the 4th week. At the end of each month enter your ACTUAL bank balance on the Months statement & the Setup page At the end of each month print the Months statement and the Setup page and put on an Eastlite file. It gives you a good history of your progress.

ENTER SHORTCUTS

If you wish to put an icon on your computer, right-click an empty space on your desktop, select new-shortcut. Type in ://www.kjmoneymodel.com To put an icon on your Tablet go to Safari, type in at the top ://www.kjmoneymodel.com. After loading click top-left and select "Add to Home Screen " click add.

NARROW COLUMNS

Sometimes you may find the columns onthe Monthly statement very narrow. This sometimes happens through Safari. Loading through Google Chrome usually fixes the problem.

CELL-PHONES

Because of the smallness of words and numbers on cell-phones you find it easier to setup your Money Model on a standard computer. After that you can load it on to a cell-phone. Changing numbers after that is fairly minimal.

MONTHLY STATEMENTS

On the Setup page at the start of each new month click "New Statement" at the bottom. You can now adjust any figures you like. the bank balance at the end of the month shows at bottom right. Amend the figures if any big or different item comes up - this will alter the balance at the end. Alterations you make to this statement do not alter the Setup page - that needs to be changed if required. To go back to a statement you have adjusted click "Current Statement" -top of the Setup page or on the Home page. When on current statement and wish to go back click "Setup" at top. If you wish to add notes to current statement remember to click "save Notes" at the top.

TO STAY LOGGED IN

Click the box below the PIN number when you log in. This works fine most of the time but with Safari it may not work on iPads.

IF YOU WANT TO LOOK A NUMBER OF YEARS INTO THE FUTURE

1. On Setup page click "DATA" -Save.
2. Copy to next year and adjust next year.
3. Click "Roll over" - this copies next year to the current year.
4. Copy new current year to Next year and adjust.
5. Click "Roll over" again.
6. Carry on this way as far into the future as you wish.
7. Print any years you wish as you go along.
8. Finally go to the current year setup and click "DATA" - Restore.

HOW TO SEE THE EFFECT OF SAVING FOR A NUMBER OF YEARS

On the right hand side of the Setup page you will see a SAVINGS block If you wish to see the result, particularly of long term saving, on the Setup part work out how much you can or wish to save. This will show in the right hand block as "Additions and Deductions".
Fill in the white boxes, including the rate of interest after tax, and click “CALCULATE”. This will show you your total savings at the Target age.
This is very useful if you are saving for retirement and is also useful if you are paying off arrears of debt. (In this case you enter the Start Balance as a minus.)