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  #5  
Old 03-22-2007, 02:36 PM
jimmuh
Guest
 
Posts: n/a
Default Re: Debt Reduction Plan

That's the spirit! I kept on beating it up until it (sorta) succumbed to my
bidding. It's weird, but the requested payment in Bills & Payments for each
of my accounts ALWAYS winds up differing by a few dollars -- one direction or
the other -- from what the original schedule specified.

I'm afraid that this feature, like many others in this software, is not
ready for prime time. I'm sorry that my suggestions weren't useful.

"Cindy Conover" wrote:

- quote -

> No,
> I nuked my bills, changed the amount i want to pay each month, and the date
> I want to be out of debt. All scenarios end with the first 2 months
> inflated. I am still trying though.
> Thanks for asking
> "jimmuh" <jimmuh[at]discussions.microsoft.com> wrote in message
> news:EB9971FC-2CED-4189-9E63-2F608FA952E0[at]microsoft.com...
> > Were you able to get it sorted out?
> > > "Cindy Conover" wrote:
> > > > thanks for all your help
> > > > > > > "Frank" <farocco[at]hotmail.com> wrote in message
> > > news:uc$HWi$aHHA.4872[at]TK2MSFTNGP03.phx.gbl...
> > > > I found that if I entered a value in the "how much to pay monthly" that
> > > > caused the figures to inflate.
> > > > I just setup my bills and that seemed to work.
> > > > > > > HTH
> > > > > > > Frank
> > > > > > > "jimmuh" <jimmuh[at]discussions.microsoft.com> wrote in message
> > > > news:6CE62CB9-43FF-4F54-9B06-9BC49AAB13DE[at]microsoft.com...
> > > > > Hi,
> > > > > > > > > I'm not going to pretend to be any kind of expert at this. I'm just
> > > > > going
> > > > > to
> > > > > ask a question in the faint hope that I may be of some aid, and to let
> > > > > you
> > > > > know that there is someone else out there who commiserates with you in
> > > > > having
> > > > > to use this miserable POS (piece of software). The DRP is not all of
> > > > > that
> > > > > and
> > > > > a bag of chips. A bag of chips is worth more. Nonetheless, I did
> > > > > finally
> > > > > arrive at a quirky sort of half-understanding with it.
> > > > > > > > > There is a point in setting up the DRP where it asks you how soon you
> > > > > want
> > > > > to be out of debt and / or gives you the choice of telling it how much
> > > > > additional you have to spend on reducing the debt. If I recall
> > > > > correctly
> > > > > (I'm
> > > > > not at a machine with Money on it now.) that money amount it's asking
> > > > > for
> > > > > is
> > > > > actually it (Money) asking you how much EXTRA you can put towards the
> > > > > paydown
> > > > > in the FIRST MONTH. You might go back through that whole dialog to be
> > > > > sure
> > > > > that you were understanding correctly what was being asked. (I did
> > > > > quite
> > > > > a
> > > > > bit of head-scratching in setting up DRP and had to go through the
> > > > > setup
> > > > > several times before I got a halfway-reasonable schedule.)
> > > > > > > > > Other things that might affect how much you're expected to pay each
> > > > > month
> > > > > in
> > > > > the schedule:
> > > > > > > > > 1. if one or more credit cards are marked to be paid in full each
> > > > > month,
> > > > > especially if you've also entered an expected expenditure amount each
> > > > > month
> > > > > for the card
> > > > > 2. if the minimum payment required is, for some reason, greater than
> > > > > allowed
> > > > > for initially
> > > > > > > > > To be frank, financial stuff gives me headaches. I'm a danged
> > > > > geologist
> > > > > and
> > > > > physicist by training and a systems analyst by profession right now.
> > > > > But
> > > > > the
> > > > > personal finance packages I've seen lately absolutely stump me! (And I
> > > > > don't
> > > > > think it's entirely my fault.)
> > > > > > > > > Let's hope someone smarter and with more experience with this POS
> > > > > (piece
> > > > > of
> > > > > software, I have to keep repeating) will come along and be truly
> > > > > helpful
> > > > > to
> > > > > you.
> > > > > > > > > "Cindy Conover" wrote:
> > > > > > > > > > I have set up the DRP to use $800.00 a month toward my crdit cards.
> > > > > > But
> > > > > > the
> > > > > > first month the DRP says I need to pay $1348 and the following month
> > > > > > it
> > > > > > wants me to pay $3601.00. what have I done wrong
> > > > > > > > > > > TIA
> > > > > > > > > > > Cindy
> > > > > > > > > > > > > > > > > > > > > > > > > > >
  #4  
Old 03-22-2007, 02:21 PM
Cindy Conover
Guest
 
Posts: n/a
Default Re: Debt Reduction Plan

No,

I nuked my bills, changed the amount i want to pay each month, and the date
I want to be out of debt. All scenarios end with the first 2 months
inflated. I am still trying though.

Thanks for asking


"jimmuh" <jimmuh[at]discussions.microsoft.com> wrote in message
news:EB9971FC-2CED-4189-9E63-2F608FA952E0[at]microsoft.com...
- quote -

> Were you able to get it sorted out?
> "Cindy Conover" wrote:
> > thanks for all your help
> > > > "Frank" <farocco[at]hotmail.com> wrote in message

> > news:uc$HWi$aHHA.4872[at]TK2MSFTNGP03.phx.gbl...
> > > I found that if I entered a value in the "how much to pay monthly" that
> > > caused the figures to inflate.
> > > I just setup my bills and that seemed to work.
> > > > > HTH
> > > > > Frank
> > > > > "jimmuh" <jimmuh[at]discussions.microsoft.com> wrote in message
> > > news:6CE62CB9-43FF-4F54-9B06-9BC49AAB13DE[at]microsoft.com...
> > > > Hi,
> > > > > > > I'm not going to pretend to be any kind of expert at this. I'm just
> > > > going
> > > > to
> > > > ask a question in the faint hope that I may be of some aid, and to let
> > > > you
> > > > know that there is someone else out there who commiserates with you in
> > > > having
> > > > to use this miserable POS (piece of software). The DRP is not all of
> > > > that
> > > > and
> > > > a bag of chips. A bag of chips is worth more. Nonetheless, I did
> > > > finally
> > > > arrive at a quirky sort of half-understanding with it.
> > > > > > > There is a point in setting up the DRP where it asks you how soon you
> > > > want
> > > > to be out of debt and / or gives you the choice of telling it how much
> > > > additional you have to spend on reducing the debt. If I recall
> > > > correctly
> > > > (I'm
> > > > not at a machine with Money on it now.) that money amount it's asking
> > > > for
> > > > is
> > > > actually it (Money) asking you how much EXTRA you can put towards the
> > > > paydown
> > > > in the FIRST MONTH. You might go back through that whole dialog to be
> > > > sure
> > > > that you were understanding correctly what was being asked. (I did
> > > > quite
> > > > a
> > > > bit of head-scratching in setting up DRP and had to go through the
> > > > setup
> > > > several times before I got a halfway-reasonable schedule.)
> > > > > > > Other things that might affect how much you're expected to pay each
> > > > month
> > > > in
> > > > the schedule:
> > > > > > > 1. if one or more credit cards are marked to be paid in full each
> > > > month,
> > > > especially if you've also entered an expected expenditure amount each
> > > > month
> > > > for the card
> > > > 2. if the minimum payment required is, for some reason, greater than
> > > > allowed
> > > > for initially
> > > > > > > To be frank, financial stuff gives me headaches. I'm a danged
> > > > geologist
> > > > and
> > > > physicist by training and a systems analyst by profession right now.
> > > > But
> > > > the
> > > > personal finance packages I've seen lately absolutely stump me! (And I
> > > > don't
> > > > think it's entirely my fault.)
> > > > > > > Let's hope someone smarter and with more experience with this POS
> > > > (piece
> > > > of
> > > > software, I have to keep repeating) will come along and be truly
> > > > helpful
> > > > to
> > > > you.
> > > > > > > "Cindy Conover" wrote:
> > > > > > > > I have set up the DRP to use $800.00 a month toward my crdit cards.
> > > > > But
> > > > > the
> > > > > first month the DRP says I need to pay $1348 and the following month
> > > > > it
> > > > > wants me to pay $3601.00. what have I done wrong
> > > > > > > > > TIA
> > > > > > > > > Cindy
> > > > > > > > > > > > > > > > > > >


  #3  
Old 03-21-2007, 08:58 PM
jimmuh
Guest
 
Posts: n/a
Default Re: Debt Reduction Plan

Were you able to get it sorted out?

"Cindy Conover" wrote:

- quote -

> thanks for all your help
> "Frank" <farocco[at]hotmail.com> wrote in message
> news:uc$HWi$aHHA.4872[at]TK2MSFTNGP03.phx.gbl...
> > I found that if I entered a value in the "how much to pay monthly" that
> > caused the figures to inflate.
> > I just setup my bills and that seemed to work.
> > > HTH
> > > Frank
> > > "jimmuh" <jimmuh[at]discussions.microsoft.com> wrote in message

> > news:6CE62CB9-43FF-4F54-9B06-9BC49AAB13DE[at]microsoft.com...
> > > Hi,
> > > > > I'm not going to pretend to be any kind of expert at this. I'm just going
> > > to
> > > ask a question in the faint hope that I may be of some aid, and to let
> > > you
> > > know that there is someone else out there who commiserates with you in
> > > having
> > > to use this miserable POS (piece of software). The DRP is not all of that
> > > and
> > > a bag of chips. A bag of chips is worth more. Nonetheless, I did finally
> > > arrive at a quirky sort of half-understanding with it.
> > > > > There is a point in setting up the DRP where it asks you how soon you
> > > want
> > > to be out of debt and / or gives you the choice of telling it how much
> > > additional you have to spend on reducing the debt. If I recall correctly
> > > (I'm
> > > not at a machine with Money on it now.) that money amount it's asking for
> > > is
> > > actually it (Money) asking you how much EXTRA you can put towards the
> > > paydown
> > > in the FIRST MONTH. You might go back through that whole dialog to be
> > > sure
> > > that you were understanding correctly what was being asked. (I did quite
> > > a
> > > bit of head-scratching in setting up DRP and had to go through the setup
> > > several times before I got a halfway-reasonable schedule.)
> > > > > Other things that might affect how much you're expected to pay each month
> > > in
> > > the schedule:
> > > > > 1. if one or more credit cards are marked to be paid in full each month,
> > > especially if you've also entered an expected expenditure amount each
> > > month
> > > for the card
> > > 2. if the minimum payment required is, for some reason, greater than
> > > allowed
> > > for initially
> > > > > To be frank, financial stuff gives me headaches. I'm a danged geologist
> > > and
> > > physicist by training and a systems analyst by profession right now. But
> > > the
> > > personal finance packages I've seen lately absolutely stump me! (And I
> > > don't
> > > think it's entirely my fault.)
> > > > > Let's hope someone smarter and with more experience with this POS (piece
> > > of
> > > software, I have to keep repeating) will come along and be truly helpful
> > > to
> > > you.
> > > > > "Cindy Conover" wrote:
> > > > > > I have set up the DRP to use $800.00 a month toward my crdit cards. But
> > > > the
> > > > first month the DRP says I need to pay $1348 and the following month it
> > > > wants me to pay $3601.00. what have I done wrong
> > > > > > > TIA
> > > > > > > Cindy
> > > > > > > > > > >
  #2  
Old 03-21-2007, 08:20 PM
Cindy Conover
Guest
 
Posts: n/a
Default Re: Debt Reduction Plan

thanks for all your help


"Frank" <farocco[at]hotmail.com> wrote in message
news:uc$HWi$aHHA.4872[at]TK2MSFTNGP03.phx.gbl...
- quote -

> I found that if I entered a value in the "how much to pay monthly" that
> caused the figures to inflate.
> I just setup my bills and that seemed to work.
> HTH
> Frank
> "jimmuh" <jimmuh[at]discussions.microsoft.com> wrote in message
> news:6CE62CB9-43FF-4F54-9B06-9BC49AAB13DE[at]microsoft.com...
> > Hi,
> > > I'm not going to pretend to be any kind of expert at this. I'm just going

> > to
> > ask a question in the faint hope that I may be of some aid, and to let
> > you
> > know that there is someone else out there who commiserates with you in
> > having
> > to use this miserable POS (piece of software). The DRP is not all of that
> > and
> > a bag of chips. A bag of chips is worth more. Nonetheless, I did finally
> > arrive at a quirky sort of half-understanding with it.
> > > There is a point in setting up the DRP where it asks you how soon you

> > want
> > to be out of debt and / or gives you the choice of telling it how much
> > additional you have to spend on reducing the debt. If I recall correctly
> > (I'm
> > not at a machine with Money on it now.) that money amount it's asking for
> > is
> > actually it (Money) asking you how much EXTRA you can put towards the
> > paydown
> > in the FIRST MONTH. You might go back through that whole dialog to be
> > sure
> > that you were understanding correctly what was being asked. (I did quite
> > a
> > bit of head-scratching in setting up DRP and had to go through the setup
> > several times before I got a halfway-reasonable schedule.)
> > > Other things that might affect how much you're expected to pay each month

> > in
> > the schedule:
> > > 1. if one or more credit cards are marked to be paid in full each month,

> > especially if you've also entered an expected expenditure amount each
> > month
> > for the card
> > 2. if the minimum payment required is, for some reason, greater than
> > allowed
> > for initially
> > > To be frank, financial stuff gives me headaches. I'm a danged geologist

> > and
> > physicist by training and a systems analyst by profession right now. But
> > the
> > personal finance packages I've seen lately absolutely stump me! (And I
> > don't
> > think it's entirely my fault.)
> > > Let's hope someone smarter and with more experience with this POS (piece

> > of
> > software, I have to keep repeating) will come along and be truly helpful
> > to
> > you.
> > > "Cindy Conover" wrote:
> > > > I have set up the DRP to use $800.00 a month toward my crdit cards. But
> > > the
> > > first month the DRP says I need to pay $1348 and the following month it
> > > wants me to pay $3601.00. what have I done wrong
> > > > > TIA
> > > > > Cindy
> > > > > >


  #1  
Old 03-21-2007, 07:36 PM
Frank
Guest
 
Posts: n/a
Default Re: Debt Reduction Plan

I found that if I entered a value in the "how much to pay monthly" that
caused the figures to inflate.
I just setup my bills and that seemed to work.

HTH

Frank

"jimmuh" <jimmuh[at]discussions.microsoft.com> wrote in message
news:6CE62CB9-43FF-4F54-9B06-9BC49AAB13DE[at]microsoft.com...
- quote -

> Hi,
> I'm not going to pretend to be any kind of expert at this. I'm just going
> to
> ask a question in the faint hope that I may be of some aid, and to let you
> know that there is someone else out there who commiserates with you in
> having
> to use this miserable POS (piece of software). The DRP is not all of that
> and
> a bag of chips. A bag of chips is worth more. Nonetheless, I did finally
> arrive at a quirky sort of half-understanding with it.
> There is a point in setting up the DRP where it asks you how soon you want
> to be out of debt and / or gives you the choice of telling it how much
> additional you have to spend on reducing the debt. If I recall correctly
> (I'm
> not at a machine with Money on it now.) that money amount it's asking for
> is
> actually it (Money) asking you how much EXTRA you can put towards the
> paydown
> in the FIRST MONTH. You might go back through that whole dialog to be sure
> that you were understanding correctly what was being asked. (I did quite a
> bit of head-scratching in setting up DRP and had to go through the setup
> several times before I got a halfway-reasonable schedule.)
> Other things that might affect how much you're expected to pay each month
> in
> the schedule:
> 1. if one or more credit cards are marked to be paid in full each month,
> especially if you've also entered an expected expenditure amount each
> month
> for the card
> 2. if the minimum payment required is, for some reason, greater than
> allowed
> for initially
> To be frank, financial stuff gives me headaches. I'm a danged geologist
> and
> physicist by training and a systems analyst by profession right now. But
> the
> personal finance packages I've seen lately absolutely stump me! (And I
> don't
> think it's entirely my fault.)
> Let's hope someone smarter and with more experience with this POS (piece
> of
> software, I have to keep repeating) will come along and be truly helpful
> to
> you.
> "Cindy Conover" wrote:
> > I have set up the DRP to use $800.00 a month toward my crdit cards. But
> > the
> > first month the DRP says I need to pay $1348 and the following month it
> > wants me to pay $3601.00. what have I done wrong
> > > TIA
> > > Cindy
> > >


 
Old 03-21-2007, 05:24 PM
jimmuh
Guest
 
Posts: n/a
Default RE: Debt Reduction Plan

Hi,

I'm not going to pretend to be any kind of expert at this. I'm just going to
ask a question in the faint hope that I may be of some aid, and to let you
know that there is someone else out there who commiserates with you in having
to use this miserable POS (piece of software). The DRP is not all of that and
a bag of chips. A bag of chips is worth more. Nonetheless, I did finally
arrive at a quirky sort of half-understanding with it.

There is a point in setting up the DRP where it asks you how soon you want
to be out of debt and / or gives you the choice of telling it how much
additional you have to spend on reducing the debt. If I recall correctly (I'm
not at a machine with Money on it now.) that money amount it's asking for is
actually it (Money) asking you how much EXTRA you can put towards the paydown
in the FIRST MONTH. You might go back through that whole dialog to be sure
that you were understanding correctly what was being asked. (I did quite a
bit of head-scratching in setting up DRP and had to go through the setup
several times before I got a halfway-reasonable schedule.)

Other things that might affect how much you're expected to pay each month in
the schedule:

1. if one or more credit cards are marked to be paid in full each month,
especially if you've also entered an expected expenditure amount each month
for the card
2. if the minimum payment required is, for some reason, greater than allowed
for initially

To be frank, financial stuff gives me headaches. I'm a danged geologist and
physicist by training and a systems analyst by profession right now. But the
personal finance packages I've seen lately absolutely stump me! (And I don't
think it's entirely my fault.)

Let's hope someone smarter and with more experience with this POS (piece of
software, I have to keep repeating) will come along and be truly helpful to
you.

"Cindy Conover" wrote:

- quote -

> I have set up the DRP to use $800.00 a month toward my crdit cards. But the
> first month the DRP says I need to pay $1348 and the following month it
> wants me to pay $3601.00. what have I done wrong
> TIA
> Cindy

  #-1  
Old 03-20-2007, 08:43 PM
Cindy Conover
Guest
 
Posts: n/a
Default Debt Reduction Plan

I have set up the DRP to use $800.00 a month toward my crdit cards. But the
first month the DRP says I need to pay $1348 and the following month it
wants me to pay $3601.00. what have I done wrong

TIA

Cindy


 

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