This makes sense. I'll give it try.

Thanks Brad

"Mark Horn" wrote:

- quote -

On 2005-02-13, Brad <Brad[at]discussions.microsoft.com> wrote:
- quote -

Here's what I do. I've created an investment account for each of
the kids 529 accounts. In account details, I mark that account
as "tax deferred". This will automatically take the entire
account "out of budget". Then to budget the transfers, I set
up a scheduled transfer in "Bills & Deposits". When you do the
budget, the transfers will show up as "transfers out of budget".

This is how I do it for all of my investments and regular savings.
The tax deferred accounts are automatically out of budget. And I
mark all of the cash portion of the non-tax-deferred investment
accounts out of budget. The result of this is that I have 6 or 7
transfers out of budget in budget planner.

Mark, thanks for your input and may be you can help with a follow-on
question. One of the reasons why I attempted to eliminate the second
financial institution from the budget is because I also schedule transfers
from the second financial institution to purchase mutual funds for
retirement, contributions to the 529 plans for the kids, and so on. During
the budget building process I couldn't find a way to budget these expenses
other than as saving goals which didn’t seem right at the time. Do you know
of a way to explicit budget savings for these types of purchases? \

Again, thanks for the suggestion.

"Mark Horn" wrote:

- quote -

That's also true. Good catch.

"Chris Cowles" <NoSpam[at]For.me> wrote in message
news:e1W7M$LEFHA.3648[at]TK2MSFTNGP10.phx.gbl...
- quote -

But Money doesn't treat it that way in the budget. It counts the whole
payment, including escrow, in the special 'Debt' category.
--
Chris Cowles
Gainesville, FL


"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:e9SwA0DEFHA.3120[at]TK2MSFTNGP12.phx.gbl...
- quote -

On 2005-02-11, Dick Watson <littlegreengecko[at]mind-enufalready-spring.com> wrote:
- quote -

Yup. Thanks for the clarification.

Nit for clarity: Loan Payments typically have two portions: one is a
transfer from checking to loan account for the principal portion, the other
is an interest expense. The exception is an interest only loan with a
balloon at the end. It's all interest expense.

"Mark Horn" <mark[at]hornclan.com> wrote in message
news:slrnd0paks.kb7.mark[at]home.hornclan.com...
- quote -

On 2005-02-11, Brad <Brad[at]discussions.microsoft.com> wrote:
- quote -

Based on this it sounds like the following are true:

1) You've set the 2nd financial institution to be a non-budget account
2) You've created a scheduled bill to pay the mortgage from that account

I suspect that the problem is that this is a loan payment.
Loan payments are really transfers from the checking account to
the mortgage account. I don't see any way to exclude the mortgage
from being a budget account. So it strikes me as possible that the
budget sees the transfer into the mortgage and counts it against
the debt budget item. I don't know.

All of that being said, I would suggest that you include all of your
expenses in your budget - including your mortgage. If a budget
is a plan for spending, then it's an incomplete plan if you don't
include all of your spending. The way I would resolve this problem
is to make your secondary account an in-budget account. This can be
done by going to the account, clicking on "Change account details"
and then checkmarking "Include this account in the budget planner".

Just my $.02. Feel free to ignore it.

I'm using Money 2004 and have a situation that I can't figure out how to
address. I have a scheduled deposit for my paycheck where I track income and
deductions. I have my paycheck sent to two different financial institution,
one for day to day expenses and the other for major expenses and savings.
The way I set this up was by adding a line in the Deductions After Taxes to
tranfer funds to the second financial institution.

All of this works well until I started to use the budget tracking facilities
in Money. When I set up my budget, I didnot include my mortgage payment. I
took this path because I pay my mortgage from my second financial
institution, it's a fixed payment and outside of the day to day budgeting
tasks that I wanted to address.

My problem is that my mortgage payment is showing up as an expense twice in
my budget. Once as a line item under debt and the second time as a part of
the transfer out of budget accounts. What should I be doing differently?

Thanks in advance

Brad