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Old 07-12-2005, 12:29 PM
Richard Bollar
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Default Re: How does debt reduction planner work?

Oh, also, why not download the trial to see if the DRP works the way you
want?

--

"The Ringer" <florabamalounge[at]hotmail.com> wrote in message
news:1121139792.950402.63610[at]g47g2000cwa.googlegroups.com...
- quote -

> I'm a Money 2005 standard user that's interested in upgrading to 2006
> deluxe if the debt reduction planner does what I think it will do.
> There's plenty of online debt reduction calculators that will let me
> input debt and a number of months until I want to have it paid off and
> then will generate a schedule to get there. However, these do not allow
> for variable interest (as in an introductory rate that changes in so
> many months) credit cards in the schedule. Also, they don't have a way
> to recalculate when you make an extra payment without total starting
> over.
> Is this something the debt reduction planner will allow for in Money
> 2006 Deluxe?
> Also, do the budgeting options let you set up two week budgets rather
> as well as monthly budgets? Both my wife and I are paid every two weeks
> so we budget some expenses (groceries, gas, etc) on two weeks while
> some are monthly (mortgage, insurance, etc). I can't find a way in 2005
> standard's budget options to account for this. If anybody knows of a
> place to get details on money's functionality, that would help, too.
> The "tours" on MS website don't show much of anything.
> Thanks in advance! (new google groups user, BTW, hopefully I asked this
> in the correct place).



 
Old 07-12-2005, 12:29 PM
Richard Bollar
Guest
 
Posts: n/a
Default Re: How does debt reduction planner work?

The DRP in Money is really quite flexible and I think it would meet your
needs. It definitely recalculates if you make additional payments and
supports introductory interest rates.

As for budgeting, no, you can't create a 2 weekly budget, however, you can
see daily cash flow over that period, which I think is quite useful -- you
can project if you have enough money to pay your bills over any selected
period.

--

"The Ringer" <florabamalounge[at]hotmail.com> wrote in message
news:1121139792.950402.63610[at]g47g2000cwa.googlegroups.com...
- quote -

> I'm a Money 2005 standard user that's interested in upgrading to 2006
> deluxe if the debt reduction planner does what I think it will do.
> There's plenty of online debt reduction calculators that will let me
> input debt and a number of months until I want to have it paid off and
> then will generate a schedule to get there. However, these do not allow
> for variable interest (as in an introductory rate that changes in so
> many months) credit cards in the schedule. Also, they don't have a way
> to recalculate when you make an extra payment without total starting
> over.
> Is this something the debt reduction planner will allow for in Money
> 2006 Deluxe?
> Also, do the budgeting options let you set up two week budgets rather
> as well as monthly budgets? Both my wife and I are paid every two weeks
> so we budget some expenses (groceries, gas, etc) on two weeks while
> some are monthly (mortgage, insurance, etc). I can't find a way in 2005
> standard's budget options to account for this. If anybody knows of a
> place to get details on money's functionality, that would help, too.
> The "tours" on MS website don't show much of anything.
> Thanks in advance! (new google groups user, BTW, hopefully I asked this
> in the correct place).



  #-1  
Old 07-12-2005, 03:43 AM
The Ringer
Guest
 
Posts: n/a
Default How does debt reduction planner work?

I'm a Money 2005 standard user that's interested in upgrading to 2006
deluxe if the debt reduction planner does what I think it will do.

There's plenty of online debt reduction calculators that will let me
input debt and a number of months until I want to have it paid off and
then will generate a schedule to get there. However, these do not allow
for variable interest (as in an introductory rate that changes in so
many months) credit cards in the schedule. Also, they don't have a way
to recalculate when you make an extra payment without total starting
over.

Is this something the debt reduction planner will allow for in Money
2006 Deluxe?

Also, do the budgeting options let you set up two week budgets rather
as well as monthly budgets? Both my wife and I are paid every two weeks
so we budget some expenses (groceries, gas, etc) on two weeks while
some are monthly (mortgage, insurance, etc). I can't find a way in 2005
standard's budget options to account for this. If anybody knows of a
place to get details on money's functionality, that would help, too.
The "tours" on MS website don't show much of anything.

Thanks in advance! (new google groups user, BTW, hopefully I asked this
in the correct place).

 

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debt, planner, reduction, work
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