It probably assumes that those are not at interest rates that are greatly
disadvantaged from what you could do with the cash otherwise. Credit card
debt (at high rates) is really what it's tailored to.

"The Merg" <howard_mergler[at]NOSPAM.themerg.net> wrote in message
news:%23o1HTA27EHA.3944[at]TK2MSFTNGP12.phx.gbl...
I gotta say then, the DRP doesn't really do much good if I need to exclude
my mortgage and auto loans from it then, huh?

I gotta say then, the DRP doesn't really do much good if I need to exclude my mortgage and auto loans from it then, huh?

- The Merg

--
Today's problems don't worry me,
I haven't solved yesterday's yet.


"Glyn Simpson, MVP" <glyn[at]serf.org> wrote in message news:uW37HMP6EHA.2592[at]TK2MSFTNGP09.phx.gbl...
You should be able to include it (i do and I pay it off each month). However, if you have auso loans, and they have a fixed amortized repayment schedule, then handle them outside of the DRP too.

--
Glyn Simpson, Microsoft MVP - Money
http://money.mvps.org

Check http://support.microsoft.com/default...d=fh;EN-GB;mny
for UK tips and fixes for MS Money. To send Microsoft your wishes or
suggestions, use http://register.microsoft.com/mswish/suggestion.asp
or http://www.microsoft.com/uk/support/money/feedback especially
if it's a UK specific wish.

I do not respond to any unsolicited email regarding Money

"The Merg" <howard_mergler[at]NOSPAM.themerg.net> wrote in message news:%23ONr2ou4EHA.3472[at]TK2MSFTNGP09.phx.gbl...
Okay, I removed the Mortgage from the DRP and that helped a bit. It still did some weird things to the amortization schedule for my loans though. Only when I removed my credit card from the DRP as well, did the amortization schedule truely reflect what it should be.

For example, I still stated that I wanted to be out of debt by 2010 (all of my loans are scheduled to be paid off by 2009). Yet, for three months in 2006 for one of the auto loans, it shows the payments being almost $1,000 a month in order to pay it off. For a second auto loan, it ups the amount to over $1,200 for a payment (and this loan is paid bi-monthly!).

Any ideas on why I cannot include the credit card in the DRP? I had to marked that I want to pay it off in full every month.

Thanks,
The Merg

--
Today's problems don't worry me,
I haven't solved yesterday's yet.




"Glyn Simpson, MVP" <glyn[at]serf.org> wrote in message news:eS$ZUDK3EHA.3452[at]TK2MSFTNGP14.phx.gbl...
- quote -

You should be able to include it (i do and I pay it off each month). However, if you have auso loans, and they have a fixed amortized repayment schedule, then handle them outside of the DRP too.

--
Glyn Simpson, Microsoft MVP - Money
http://money.mvps.org

Check http://support.microsoft.com/default...d=fh;EN-GB;mny
for UK tips and fixes for MS Money. To send Microsoft your wishes or
suggestions, use http://register.microsoft.com/mswish/suggestion.asp
or http://www.microsoft.com/uk/support/money/feedback especially
if it's a UK specific wish.

I do not respond to any unsolicited email regarding Money

"The Merg" <howard_mergler[at]NOSPAM.themerg.net> wrote in message news:%23ONr2ou4EHA.3472[at]TK2MSFTNGP09.phx.gbl...
Okay, I removed the Mortgage from the DRP and that helped a bit. It still did some weird things to the amortization schedule for my loans though. Only when I removed my credit card from the DRP as well, did the amortization schedule truely reflect what it should be.

For example, I still stated that I wanted to be out of debt by 2010 (all of my loans are scheduled to be paid off by 2009). Yet, for three months in 2006 for one of the auto loans, it shows the payments being almost $1,000 a month in order to pay it off. For a second auto loan, it ups the amount to over $1,200 for a payment (and this loan is paid bi-monthly!).

Any ideas on why I cannot include the credit card in the DRP? I had to marked that I want to pay it off in full every month.

Thanks,
The Merg

--
Today's problems don't worry me,
I haven't solved yesterday's yet.




"Glyn Simpson, MVP" <glyn[at]serf.org> wrote in message news:eS$ZUDK3EHA.3452[at]TK2MSFTNGP14.phx.gbl...
- quote -

Okay, I removed the Mortgage from the DRP and that helped a bit. It still did some weird things to the amortization schedule for my loans though. Only when I removed my credit card from the DRP as well, did the amortization schedule truely reflect what it should be.

For example, I still stated that I wanted to be out of debt by 2010 (all of my loans are scheduled to be paid off by 2009). Yet, for three months in 2006 for one of the auto loans, it shows the payments being almost $1,000 a month in order to pay it off. For a second auto loan, it ups the amount to over $1,200 for a payment (and this loan is paid bi-monthly!).

Any ideas on why I cannot include the credit card in the DRP? I had to marked that I want to pay it off in full every month.

Thanks,
The Merg

--
Today's problems don't worry me,
I haven't solved yesterday's yet.




"Glyn Simpson, MVP" <glyn[at]serf.org> wrote in message news:eS$ZUDK3EHA.3452[at]TK2MSFTNGP14.phx.gbl...
- quote -

I'd first take out the mortgage from the DRP, as you have a defined schedule
for repayments, and the DRP isn't really suited to amortized loans

--
Glyn Simpson, Microsoft MVP - Money
http://money.mvps.org

Check http://support.microsoft.com/default...d=fh;EN-GB;mny
for UK tips and fixes for MS Money. To send Microsoft your wishes or
suggestions, use http://register.microsoft.com/mswish/suggestion.asp
or http://www.microsoft.com/uk/support/money/feedback especially
if it's a UK specific wish.

I do not respond to any unsolicited email regarding Money

"The Merg" <howard_mergler[at]NOSPAM.themerg.net> wrote in message
news:evRec3J3EHA.3368[at]TK2MSFTNGP10.phx.gbl...
I am using Money 2004 Deluxe. I currenlty have the Debt Reduction Planner
set up and have included my loans and mortgage. I specified that I want to
have my debt paid off by September 2030 (the date my mortgage will end).
Yet, when the DRP calculates my out-of-debt date, it says it will be in
2018. A look at the proposed payment schedule for my debts shows that my
mortgage payments are going to double in 2009 (when all my other debts are
paid off).

Why is the DRP doing this? When I added the mortgage to the DRP, Money even
recommended that I not pay off this debt early as my interest rate is lower
than my current rate of return on my investments. This early payment is then
throwing off my Lifetime Planner.

Any ideas on this one?

- Merg


--
Today's problems don't worry me,
I haven't solved yesterday's yet.

I am using Money 2004 Deluxe. I currenlty have the Debt Reduction Planner set up and have included my loans and mortgage. I specified that I want to have my debt paid off by September 2030 (the date my mortgage will end). Yet, when the DRP calculates my out-of-debt date, it says it will be in 2018. A look at the proposed payment schedule for my debts shows that my mortgage payments are going to double in 2009 (when all my other debts are paid off).

Why is the DRP doing this? When I added the mortgage to the DRP, Money even recommended that I not pay off this debt early as my interest rate is lower than my current rate of return on my investments. This early payment is then throwing off my Lifetime Planner.

Any ideas on this one?

- Merg


--
Today's problems don't worry me,
I haven't solved yesterday's yet.