"Chris Cowles" <spam_magnet[at]remove-me-bellsouth.net> wrote in message
news:%23iqdx28XIHA.3696[at]TK2MSFTNGP03.phx.gbl...

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Oops. Make that:

Payments to credit cards through the Debt Reduction Planner are
treated /similarly/.

With AB, this should only be true if one account is set to be included in
the budget and the other isn't.

<anderson.schulle[at]gmail.com> wrote in message
news:49806c50-f140-462d-8f9b-ff3f1a3d5013[at]v29g2000hsf.googlegroups.com...
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<anderson.schulle[at]gmail.com> wrote in message
news:49806c50-f140-462d-8f9b-ff3f1a3d5013[at]v29g2000hsf.googlegroups.com...

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There is a difference to Money. It puts all payments to loan accounts
in the 'Debt' category in the budget. You can't change that, so don't
double count interest by putting that separately in the budget.
Payments to credit cards through the Debt Reduction Planner are
treated separately. Likewise, don't put corresponding interest expense
categories in the budget, either.

I don't wish to debate whether this is good or bad. It is what it is
and, if you want to take advantage of other aspects of Money which are
useful and perhaps more traditional, you have to accept the way things
like this function. Don't lose sleep over it.
--
Chris Cowles
Gainesville, FL

On Jan 25, 4:44 pm, "Dick Watson" <littlegreenge...[at]mind-enufalready-
spring.com> wrote:
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I'll have to check the advanced budget then, to see if that's the
issue.
To me, there is no difference between a loan payment or a credit card
payment (except that one has a constant value, the other doesn't). So
if I plan to repay my loan every month, the budget should track that
as well, even though it's a special category money transaction (such
as the credit card payments).

I mean, even when I transfer money from my checking to my savings
account, it is tracked in the budget, why wouldn't it do for loan
payments?

Well, the short answer is it depends.

In general, Money considers money flow that makes you richer an Income and
money flow that makes you poorer an Expense. Money flow that goes from an
asset (say a checking account) to a liability (say a loan due account) makes
you neither richer or poorer, thus it is not an income or expense. It is
some derivative of a Transfer. Since budget tracks Income and Expenses, and
Transfers are neither, they aren't typically budgeted. They may be a cash
flow issue (i.e., do I have enough free cash to apply to this liability?),
but they are not a "can I afford this" (i.e., budget, i.e., do I have more
income than expenses?) issue.

Caveats:

1) The interest expense associated with renting the money is an Expense and
should be getting in your budget somehow.
2) Money does show Loan Payments in the Debt section if using Advanced
Budget.
3) Money has almost as many budget models as it has bugs. What I write
applies to Advanced Budget, not any of the toy budget tools.

As to credit cards showing up, this depends entirely upon how you set them
up. If they are just a Money payee--not an account of it's own getting
transactions--and you are paying them with an Expense Category (like the
hopelessly bogus and should be deleted stupid Expense Category "Credit Card
Payments / Transfers") they will show up in the budget.

<anderson.schulle[at]gmail.com> wrote in message
news:d23b277a-e7de-4002-9e99-904801982cb9[at]x69g2000hsx.googlegroups.com...
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Hi,

I've been using Money Plus Deluxe for a few weeks now, and today I
imported my checking account data that contained a Loan Payment. The
Loan Account was set up properly, and when confirming the loan payment
within the checking account, it registered as a new loan payment in
the Loan Account.

However looking at my budget, the Net Contribution to this Loan
account says zero. While for instance, any spending or payments on a
credit card, have been tracked correctly.

What am I missing? Why does the budget not track that loan payment?

Thanks for any input :-)