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| The second account is one way to tame the DRP. Since the prime (sole?) benefit of the DRP is to support payment planning to assure that you pay down debt in order to minimize interest cost and maximize use of available cash flow, I'd only worry it if you have both of those concerns. Otherwise, maybe just schedule some estimated bill charged to the account as an interest expense to help you see cash flow effects. "David Palmer" <no.spam.djpalmer_71[at]yahoo.no.spam.com> wrote in message news:0e8901c34550$a314b790$a301280a[at]phx.gbl... - quote - > Thanks for the reply. The cash flow information should > help. Hopefully I won't be paying any interest on > the "no-interest" transactions, so that should work > fine. The other question about the interest rate > difference was mainly for the DRP. I don't think I'll be > able to get the balance paid off before the interest rate > changes, and I have a feeling I'll be using the credit > card for additional purchases before the "promotional" > interest rate changes back, and I wanted the DRP to > account for this as well. Would it change the DRP to > make a separate "account" out of the lower interest rate > transaction, and transfer any remaining balance to the > parent account when the promotion ends? |
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| As to the first general Q, no interest, no payments, here's what I'd do: 1) Make a first transaction entry for the amount you start by paying, with a split of the total amount against the appropriate category and then a credit for the balance due to some holding category (I've setup "Miscellaneous eposit, credit to follow" for cases like this.)2) Setup a scheduled bill to cover whatever scenario I plan to use to pay it off. Expense these against the same holding category. This will make the cash flow work, but will not account for interest, but in this climate, I have no idea why you'd even contemplate paying any. Beyond that, I guess I don't know what you want to "track ... individually" about them. Are you trying to compute your own interest number to check their statements? Excel is probably your best bet. As to the second Q, You can enter some of this information against an entire account, but with the exception of the DRP, it is never used. "David Palmer" <no.spam.djpalmer_71[at]yahoo.no.spam.com> wrote in message news:067501c34544$4877cf90$a001280a[at]phx.gbl... - quote - > I apologize if this is a duplicate message, but this > message didn't seem to post from my office. > I've been fighting with this all weekend, and I can't > find a solution. Is it possible to track individual > purchases in Money 2003 that have a no-interest with or > without payment options? For example, Home Depot has a > special offer where any purchases totaling $299 or more > using the Home Depot credit card is interest/payment free > for 6 months from the date of purchase. I have made two > such purchases (one in March, and one in June), but I > can't seem to track them individually. Also, can Money > track special interest rates on individual purchases, > such as a lower interest rate for credit card balance > transfers, but a higher interest rate for regular > purchases? |
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| I apologize if this is a duplicate message, but this message didn't seem to post from my office. I've been fighting with this all weekend, and I can't find a solution. Is it possible to track individual purchases in Money 2003 that have a no-interest with or without payment options? For example, Home Depot has a special offer where any purchases totaling $299 or more using the Home Depot credit card is interest/payment free for 6 months from the date of purchase. I have made two such purchases (one in March, and one in June), but I can't seem to track them individually. Also, can Money track special interest rates on individual purchases, such as a lower interest rate for credit card balance transfers, but a higher interest rate for regular purchases? Any assistance would be greatly appreciated. Thanks, David |
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