Hmmm! Seems mighty queer to me too Robert.
I keep getting my expenses doubled
(on the home page budget summary)
Whenever I set up a plan and can't find a way
to prevent it happening even in all these postings.




"Robert Gravereaux" wrote:

- quote -

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For detail information,visit to :
http://www.instantcreditnow.com/cashloans.html

I've got a budget configured in Money 2006, and want to use the debt
reduction planner to pay down my credit card, say, $200 per month. I'm go
through the drp wizard and add a credit card account with an estimated
spending of, say, $800 monthly. I then move on to the next screen to define
a payment plan.

Above the top slider is a statement that reads 'Enter your monthly
allocation for debt, starting on 6/1/2006. (Minimum amount is $826.)' I
assume this means the $800 I've stated as my monthly spending on the credit
card plus interest. I would think that the $800 would NOT be considered
'debt', but OK so far. I select $1000 to pay debt down by $200 a month. It
automatically adds a one time payment of $800 to cover the $800 spending
I'll have this month, because the DRP plan won't start until the 1st of next
month. OK so far... I continue on and finish the DRP.

Now I go into my budget for next month and see a new debt category with
(600.00) budgeted, which I guess is my $800 projected spending minus $200
debt reduction. This makes no sense to me. Since credit card payments are
considered transfers, my $800 spending on the credit card should not be
represented in the budget. This also seems like double counting since all
the purchases I make with the credit card are already allocated in the
budget categories. This was evident in the DRP I had configured last month
which counted all my credit card payments against debt reduction when, say
$500 of the payment accounted for the purchases that month, and say $250 of
the payment went towards paying down the previous balance. This made for
double counting in the budget and my expenses were increased erroneously.

Please let me know how I can get the DRP configured correctly.