Proper way to enter debt accounts

#1 12-26-2005, 06:25 PM

I'll give it a shot

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:%234F307hCGHA.312[at]TK2MSFTNGP09.phx.gbl...
- quote -

> Two choices:
> 1) Create a Loan Account and schedule a series of Loan Payments. This will
> allow the payments to automatically include an interest component.
> 2) Create a Liability Account and schedule a series of Bills. You will
> have to manually enter the interest component of the payments.
> #1 will work with Debt Reduction Planner. I am less sure if #2 will.
> There is more about these options in online help.
> "Whistler" <hereisrpt001-spamfilter-remove-double-hitmeagain-[at]nowhere.com> wrote in message news:iGLrf.4105$7P2.215[at]trnddc07...
> > I've been using Money 2002 for about a month now to track my savings and
> > checking accounts. Now I'd like to enter the balances on my Car loan.
> > What is the proper way of doing this so that I can use money to 1) Track
> > the balances 2) Help give me some payment strategies to help me become
> > debt fee faster?

12-26-2005, 12:19 PM

Two choices:

1) Create a Loan Account and schedule a series of Loan Payments. This will
allow the payments to automatically include an interest component.

2) Create a Liability Account and schedule a series of Bills. You will have
to manually enter the interest component of the payments.

#1 will work with Debt Reduction Planner. I am less sure if #2 will.

There is more about these options in online help.

"Whistler" <hereisrpt001-spamfilter-remove-double-hitmeagain-[at]nowhere.comwrote in message news:iGLrf.4105$7P2.215[at]trnddc07...
- quote -

> I've been using Money 2002 for about a month now to track my savings and
> checking accounts. Now I'd like to enter the balances on my Car loan.
> What is the proper way of doing this so that I can use money to 1) Track
> the balances 2) Help give me some payment strategies to help me become
> debt fee faster?

#-1 12-26-2005, 05:00 AM

I've been using Money 2002 for about a month now to track my savings and
checking accounts. Now I'd like to enter the balances on my Car loan. What
is the proper way of doing this so that I can use money to 1) Track the
balances 2) Help give me some payment strategies to help me become debt fee
faster?

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