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  #4  
Old 03-22-2006, 10:41 PM
Chris Cowles
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Default Re: Budget & Debt Reduction Plan Problem

"Not so sure" <Not so sure[at]discussions.microsoft.com> wrote in message
news:0A1F5F4F-CA11-41E3-9CDB-2E2EF04B0FF2[at]microsoft.com...
- quote -

> I am encountering the same problem, Is there any way to tell the drp NOT to
> be included in the budget I would prefer to have a list of my debts
> showing
> in the budget. Surely "Money" would have a way around this problem


It does not. The DRP is in the budget. You cannot change that. I guess
Microsoft does not consider it a 'problem'.
--
Chris Cowles
Gainesville, FL



  #3  
Old 03-22-2006, 04:41 PM
Not so sure
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Posts: n/a
Default RE: Budget & Debt Reduction Plan Problem

I am encountering the same problem, Is there any way to tell the drp NOT to
be included in the budget I would prefer to have a list of my debts showing
in the budget. Surely "Money" would have a way around this problem


"BDC" wrote:

- quote -

> I recently set up a debt reduction plan in Money, and all went well. I
> subsequently set up a Budget, and encountered a problem. In the group "Debt"
> in the budget, there is a line from my debt reduction plan that says
> $2000.00. However, under that, is a list of monthly "debts" that are in my
> system. So, in a sense, Money is "doubling" the amount in my monthly budget
> for the Debt. It is using the totals of the individual debts, and then the
> amounts I have in my monthly transactions for the same debts. How do I
> correct this, without removing the monthly memorized/scheduled transactions
> that are all set and working well? How do I remove the line "Debt" that is
> in the budget that is imported from the debt reduction planner? I would
> appreciate any help anyone can provide....Thanks

  #2  
Old 11-19-2005, 05:19 AM
Chris Cowles
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Posts: n/a
Default Re: Budget & Debt Reduction Plan Problem

"BDC" <BDC[at]discussions.microsoft.com> wrote in message
news:AAFE89E0-ED2C-449A-9C50-778982EB245A[at]microsoft.com...
- quote -

> I am using Mny2006. If I delete the transactions that I entered, how do I
> get the DRP to re-enter the transactions into my monthly "bills?" I
> elected
> to NOT have the DRP do this when I went through the debt reduction plan
> setup.


I think you can go back through the steps of the DRP and, at the end, just
check the boxes.

If you don't let DRP manage the bills, it can't optimize the payments. If
you look at the schedule by account, it revises the amount each month to pay
only the minimum on the lower rate accounts. As you pay them down, the
minimum decreases, leaving more cash available to pay against the highest
rate account being managed.

Be wary of simply deleting the payments you created yourself. The may leave
ghost transactions in the budget. Edit them to $0 and change the number of
remaining payments to 1. Record that payment, then void or delete it. That
process prevents the ghost budget entry bug. Do that before setting up DRP
to manage the bills.

If you're using only bill payment, you can't set up the DRP as auto because
the amounts vary. It can be set up for epay but you have to remember to
check the box and process it, just as you would have to remember to write
and send a check.
--
Chris Cowles
Gainesville, FL



  #1  
Old 11-19-2005, 04:56 AM
BDC
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Posts: n/a
Default Re: Budget & Debt Reduction Plan Problem

I am using Mny2006. If I delete the transactions that I entered, how do I
get the DRP to re-enter the transactions into my monthly "bills?" I elected
to NOT have the DRP do this when I went through the debt reduction plan
setup.

"Chris Cowles" wrote:

- quote -

> "BDC" <BDC[at]discussions.microsoft.com> wrote in message
> news:A660DA0D-D142-4273-8E2F-E79904FF9549[at]microsoft.com...
> > I recently set up a debt reduction plan in Money, and all went well. I
> > subsequently set up a Budget, and encountered a problem. In the group
> > "Debt"
> > in the budget, there is a line from my debt reduction plan that says
> > $2000.00. However, under that, is a list of monthly "debts" that are in
> > my
> > system. So, in a sense, Money is "doubling" the amount in my monthly
> > budget
> > for the Debt. It is using the totals of the individual debts, and then
> > the
> > amounts I have in my monthly transactions for the same debts. How do I
> > correct this, without removing the monthly memorized/scheduled
> > transactions
> > that are all set and working well? How do I remove the line "Debt" that
> > is
> > in the budget that is imported from the debt reduction planner? I would
> > appreciate any help anyone can provide....Thanks

> Were the monthly transactions created by the debt planner? Or by yourself,
> manually? If the latter, cancel those and let the DRIP manage them. I'm
> using the DRP to pay down 2 credit cards. The debt category lists the DRP
> total, plus my mortgage. The total of the debt category is the sum of the
> two amounts.
> What version are you using?
> --
> Chris Cowles
> Gainesville, FL

 
Old 11-19-2005, 04:47 AM
Chris Cowles
Guest
 
Posts: n/a
Default Re: Budget & Debt Reduction Plan Problem

"BDC" <BDC[at]discussions.microsoft.com> wrote in message
news:A660DA0D-D142-4273-8E2F-E79904FF9549[at]microsoft.com...
- quote -

> I recently set up a debt reduction plan in Money, and all went well. I
> subsequently set up a Budget, and encountered a problem. In the group
> "Debt"
> in the budget, there is a line from my debt reduction plan that says
> $2000.00. However, under that, is a list of monthly "debts" that are in
> my
> system. So, in a sense, Money is "doubling" the amount in my monthly
> budget
> for the Debt. It is using the totals of the individual debts, and then
> the
> amounts I have in my monthly transactions for the same debts. How do I
> correct this, without removing the monthly memorized/scheduled
> transactions
> that are all set and working well? How do I remove the line "Debt" that
> is
> in the budget that is imported from the debt reduction planner? I would
> appreciate any help anyone can provide....Thanks


Were the monthly transactions created by the debt planner? Or by yourself,
manually? If the latter, cancel those and let the DRIP manage them. I'm
using the DRP to pay down 2 credit cards. The debt category lists the DRP
total, plus my mortgage. The total of the debt category is the sum of the
two amounts.

What version are you using?
--
Chris Cowles
Gainesville, FL


  #-1  
Old 11-19-2005, 03:35 AM
BDC
Guest
 
Posts: n/a
Default Budget & Debt Reduction Plan Problem

I recently set up a debt reduction plan in Money, and all went well. I
subsequently set up a Budget, and encountered a problem. In the group "Debt"
in the budget, there is a line from my debt reduction plan that says
$2000.00. However, under that, is a list of monthly "debts" that are in my
system. So, in a sense, Money is "doubling" the amount in my monthly budget
for the Debt. It is using the totals of the individual debts, and then the
amounts I have in my monthly transactions for the same debts. How do I
correct this, without removing the monthly memorized/scheduled transactions
that are all set and working well? How do I remove the line "Debt" that is
in the budget that is imported from the debt reduction planner? I would
appreciate any help anyone can provide....Thanks
 

Tags
budget, debt, plan, problem, reduction
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