I upgraded to Money 2007 and all works fine. The conversion of the old Money file worked well. The problem I am having
is, when I go to back-up and want to change the location of the backup, I get the following:

The pathname is invalid. Please use a valid pathname.

I have tried every which way to enable the "correct" pathname, but I am obviously doing something wrong, ,so any and all
help will be appreciated.

In microsoft.public.money, HowdyDoody wrote:

- quote -

In Tools-> Settings-> BackupSettings, for the backup upon closing
Browse to your MyDocuments folder and specify a name and place
there.

For the scheduled backup, also browse to the location. A USB flash
drive is a good place.

Also in Tools-> Settings-> BackupSettings
I suggest checking
x Automatically backup my Money file every time I close Money
Save in [a place on your hard drive ]
x Ask me before backing up each time*
x Compress Backup Files
Keep only the _20_most recent backup files [adjust to taste]

x Perform scheduled backups every _14_ days
Save in [a USB flash drive location]
x Ask me before backing up each time*
x Compress Backup Files
Keep only the _2_most recent backup files [adjust to taste,
but Money 2007 does not automatically trim to USB as it should]

Then periodically, perhaps once per month or more, copy your latest
backup (uniquely named by Money) to a CDR. With XP, this can be a
copy and paste operation. Otherwise use the burning software that
came with your CDR drive.

I strongly suggest use of a USB Flash drive rather than floppies.
* The reason I have Money ask me, is that I don't want to back up
each time I exit. If I went into Money 5 times in a day, I would
not want to back up 5 times, nor would I want to delete 5 other
backup files. You will be given the choice to BackUpNow or to
Postpone.