Most recent payment: 8/3/2004 ... not 8/3/2005. Sorry.

Sam

Money 2004 Problem: Budgeted amount for my auto loan is
incorrect. Please help.

Amount Borrowed: $30,000.00
Interest Rate: 4.9%
Loam Term: 5 Years ... 60 payments.
Monthly Payment: $564.76
Annual Payment: $6,777.12
First Payment: 11/28/2003 (Due 12/12/2003)
Most recent payment: 8/3/2005
Due Date: The 12th of each month.
Payments paid to date: 9

I moved the loan out of the "Debt Reduction Planner" and
out of the "Bills & Deposits". In my budget under
"Special" it shows one category ... "Debt". The Actual
for the 2004 calendar year is $4,518.08 and the Budgeted
is $0.00. OK for now. I then proceeded to set this loan
up ander "Bills & Deposits" ... See below:

Current Month: $564.76 Actual ... $0.00 Budgeted.

Current Year: $4,518.08 Actual ... $2,259.04 Budgeted.

Next Month: $0.00 Actual ... $564.76 Budgeted.

Next Year: $0.00 Actual ... $6,777.12 Budgeted.

I think the $2,259.04 is the sum of the remaining paymnets
for the calendar year ... $564.76 X 4 = $2,259.04. The
annual budget for the auto loan should be $6,777.12 ...
$564.76 X 12.

**************************************************

I then added the auto loan to the "Debt Reduction Planner".
(I did not check the box to create special bills)

Now the budget (Special/Debt) shows the following:

Current Month: $564.76 Actual ... $456.92 Budgeted.

Current Year: $4,518.08 Actual ... $8,122.77 Budgeted.

Next Month: $0.00 Actual ... $1,129.76 Budgeted.

Next Year: $0.00 Actual ... $13,557.12 Budgeted.


What is wrong? Thanks.

Sam