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#4
03-26-2005, 02:40 PM
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 Re: Credit Cards in MS Money 2004 It definitely always adds a few bucks/pounds and even when there is say 10 bucks balance and it is scheduled to pay that off in the next payment, DRP will say 12 bucks! -- Regards Bob Peel, Microsoft MVP - Money For UK tips & fixes see http://support.microsoft.com/default...d=fh;EN-GB;mny. For wishes or suggestions see http://register.microsoft.com/mswish/suggestion.asp or for UK wishes http://www.microsoft.com/uk/support/money/feedback I do not respond to any emails that I have not specifically asked for. "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:unFABRgMFHA.2420[at]TK2MSFTNGP10.phx.gbl... - quote - > Are we talking DRP-managed planned payments here? If so, I'm not sure why > it would plan more than the input minimum on any debt unless a) higher > rate debt was paid first, or b) it plans to do something like pay minimum > plus the forecast interest. I can't say for sure; other than playing > around in test cases, I don't use DRP, so I haven't fully reverse > engineered how it figures multiple managed payments. > As to transactions, Money will let you enter pretty much anything. > <om[at]skillsearch.co.uk> wrote in message > news:1111828654.617276.319230[at]g14g2000cwa.googlegroups.com... > > Thats another bug-bear. Why oh WHY wont money let me enter a minimum > > payment, rather than forcing me to enter a few pounds more?? Shouldnt > > IT reflect my accounts rather than my accounts reflect ITS opinion ? |
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#3
03-26-2005, 12:02 PM
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| Re: Credit Cards in MS Money 2004 Are we talking DRP-managed planned payments here? If so, I'm not sure why it would plan more than the input minimum on any debt unless a) higher rate debt was paid first, or b) it plans to do something like pay minimum plus the forecast interest. I can't say for sure; other than playing around in test cases, I don't use DRP, so I haven't fully reverse engineered how it figures multiple managed payments. As to transactions, Money will let you enter pretty much anything. <om[at]skillsearch.co.uk> wrote in message news:1111828654.617276.319230[at]g14g2000cwa.googlegroups.com... - quote - > Thats another bug-bear. Why oh WHY wont money let me enter a minimum > payment, rather than forcing me to enter a few pounds more?? Shouldnt > IT reflect my accounts rather than my accounts reflect ITS opinion ? |
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#2
03-26-2005, 08:17 AM
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| Re: Credit Cards in MS Money 2004 Thats another bug-bear. Why oh WHY wont money let me enter a minimum payment, rather than forcing me to enter a few pounds more?? Shouldnt IT reflect my accounts rather than my accounts reflect ITS opinion ? Olly |
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#1
03-25-2005, 09:31 PM
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| Re: Credit Cards in MS Money 2004 See answers inline. <om[at]skillsearch.co.uk> wrote in message news:1111784011.365790.129180[at]o13g2000cwo.googlegroups.com... - quote - > I have setup a new credit card account in MS Money 2004, entered the
You can schedule the Transfer from your chequeing account or have DRP> balance, filled in all the interest rates etc, but the Next Payment > Date box and the Payment Frequency are disabled. Now, I pay the minimum > amount each month, but obviously x% of that is interest so only a small > part goes to paying off the capital on that card. > How the **** can i tell Money that my minimum payment comes out on xx > day each month schedule one for you. - quote - > and have it work out what the interest portion of that
You can't. You will have to enter Interest with an expense transaction in> payment is the account which will increase your balance. - quote - > , and what the repayment portion is and have the latter
The scheduled Transfer noted above, when entered into your chequeing account> deducted from the credit card balance? register, will reduce the balance, increased by the interest transaction noted above, by the amount you transfer. |
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03-25-2005, 08:31 PM
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| Re: Credit Cards in MS Money 2004 Does using the debt reduction planner help? Money tends to calculate more than the absolute minimum so that you do start reducing the debt. -- Regards Bob Peel, Microsoft MVP - Money For UK tips & fixes see http://support.microsoft.com/default...d=fh;EN-GB;mny. For wishes or suggestions see http://register.microsoft.com/mswish/suggestion.asp or for UK wishes http://www.microsoft.com/uk/support/money/feedback I do not respond to any emails that I have not specifically asked for. <om[at]skillsearch.co.uk> wrote in message news:1111784011.365790.129180[at]o13g2000cwo.googlegroups.com... - quote - > I have setup a new credit card account in MS Money 2004, entered the > balance, filled in all the interest rates etc, but the Next Payment > Date box and the Payment Frequency are disabled. Now, I pay the minimum > amount each month, but obviously x% of that is interest so only a small > part goes to paying off the capital on that card. > How the **** can i tell Money that my minimum payment comes out on xx > day each month and have it work out what the interest portion of that > payment is, and what the repayment portion is and have the latter > deducted from the credit card balance? > Been at it for four hours now! !! > Olly |
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#-1
03-25-2005, 07:53 PM
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| Credit Cards in MS Money 2004 I have setup a new credit card account in MS Money 2004, entered the balance, filled in all the interest rates etc, but the Next Payment Date box and the Payment Frequency are disabled. Now, I pay the minimum amount each month, but obviously x% of that is interest so only a small part goes to paying off the capital on that card. How the **** can i tell Money that my minimum payment comes out on xx day each month and have it work out what the interest portion of that payment is, and what the repayment portion is and have the latter deducted from the credit card balance? Been at it for four hours now! !! Olly |
| Tags |
| 2004, cards, credit, money |
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