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Old 03-08-2007, 11:11 PM
Angie
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Posts: n/a
Default RE: Debt Reduction Planner (Forecasted Spending)

OK....I just fixed my problem. I searched the database and found the option
where I could repair the money file. I did a quick repair...and voila...the
calculations are correct! Open your Money file. Go to File> Repair Money
File> Quick Money Repair. It fixed whatever was broken, and now my DRP works.
Hope this helps you!

"Angie" wrote:

- quote -

> I have this exact same problem. The debt reduction planner is calculating
> the estimated time for payoff incorrectly. I have moved two credit cards
> into my DRP. I have indicated $x.xx as the amount I will pay each month.
> When you click next, it indicates that I will be out of debt on the date that
> the last bill is due, with me paying the entire balance! I have gone back
> and checked my account bill settings to make sure the box was not checked to
> pay balance entirely. It is not for both accounts! Seems like there is a
> glitch somewhere. I'd hate to have to uninstall and reinstall the
> program...and who knows it that'll even fix it! Any ideas?? Thanks, Angie
> "Jay Baker" wrote:
> > I hope someone can help with some weird stuff in the planner. I have a
> > single credit card that I've put in the planner. It has a balance of
> > $1898. When I put it in the planner, I indicate that I'm willing to put
> > in $1600 as my monthly debt allocation. In the account info dialog, I
> > indicate that I forcast monthly spending for the account to be $1600 a
> > month.
> > > On the left side of the 'Define your payment plan' window, it shows the

> > correct current debt balance, but shows the forcasted spending as $0.
> > > When I click next to go to the 'View your debt plan' window, it says

> > "With a monthly payment of $1600, you'll be out of debt on 1/29". But if
> > I'm only paying $1600 a month, that would leave a balance of $298... and
> > that doesn't take into account the fact that I told it I would normally
> > spend an additional $1600 a month in the account.
> > > Any ideas?
> > > Thanks,

> > Jay

>
 
Old 03-08-2007, 10:51 PM
Angie
Guest
 
Posts: n/a
Default RE: Debt Reduction Planner (Forecasted Spending)

I have this exact same problem. The debt reduction planner is calculating
the estimated time for payoff incorrectly. I have moved two credit cards
into my DRP. I have indicated $x.xx as the amount I will pay each month.
When you click next, it indicates that I will be out of debt on the date that
the last bill is due, with me paying the entire balance! I have gone back
and checked my account bill settings to make sure the box was not checked to
pay balance entirely. It is not for both accounts! Seems like there is a
glitch somewhere. I'd hate to have to uninstall and reinstall the
program...and who knows it that'll even fix it! Any ideas?? Thanks, Angie

"Jay Baker" wrote:

- quote -

> I hope someone can help with some weird stuff in the planner. I have a
> single credit card that I've put in the planner. It has a balance of
> $1898. When I put it in the planner, I indicate that I'm willing to put
> in $1600 as my monthly debt allocation. In the account info dialog, I
> indicate that I forcast monthly spending for the account to be $1600 a
> month.
> On the left side of the 'Define your payment plan' window, it shows the
> correct current debt balance, but shows the forcasted spending as $0.
> When I click next to go to the 'View your debt plan' window, it says
> "With a monthly payment of $1600, you'll be out of debt on 1/29". But if
> I'm only paying $1600 a month, that would leave a balance of $298... and
> that doesn't take into account the fact that I told it I would normally
> spend an additional $1600 a month in the account.
> Any ideas?
> Thanks,
> Jay

  #-1  
Old 01-02-2007, 10:49 PM
Jay Baker
Guest
 
Posts: n/a
Default Debt Reduction Planner (Forecasted Spending)

I hope someone can help with some weird stuff in the planner. I have a
single credit card that I've put in the planner. It has a balance of
$1898. When I put it in the planner, I indicate that I'm willing to put
in $1600 as my monthly debt allocation. In the account info dialog, I
indicate that I forcast monthly spending for the account to be $1600 a
month.

On the left side of the 'Define your payment plan' window, it shows the
correct current debt balance, but shows the forcasted spending as $0.

When I click next to go to the 'View your debt plan' window, it says
"With a monthly payment of $1600, you'll be out of debt on 1/29". But if
I'm only paying $1600 a month, that would leave a balance of $298... and
that doesn't take into account the fact that I told it I would normally
spend an additional $1600 a month in the account.

Any ideas?

Thanks,
Jay
 

Tags
debt, forecasted, planner, reduction, spending
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