Go Back   CDN Business Directory > Main Category > Microsoft Money

 
 
Thread Tools Display Modes
 
Old 09-25-2008, 12:53 AM
Dick Watson
Guest
 
Posts: n/a
Default Re: Student Loans in Money 2007

You can't have one Loan Payment target four different Loan Accounts. It's
just a limitation. Not a great one. If I were designing it, it wouldn't have
this limitation, but there it is.

Assuming you want to track these as separate loans (and I could make a case
either way) here's what I'd do: I'd setup the Sallie Mae payment as a
Transfer to some temporary account, perhaps a Cash Account setup just for
this purpose or perhaps my existing cash account. Then I'd schedule four
loan payments, one to each Loan Account, in the total amount of the Sallie
Mae payment. The temporary account see money in and equal amount out. The
account making the payment has just one payment. All is about as well as you
can make it given the limitations of Money.

"Trissa" <Trissa[at]discussions.microsoft.com> wrote in message
news:C4080658-BF4C-4CFC-9A98-73C0B1200334[at]microsoft.com...
- quote -

> I have four student loans all under one account with Sallie Mae. I've
> entered them in Money separately because they are at differing interest
> amounts - I make only one payment to Sallie Mae and they split it between
> the
> loans. My problem is that I dont know how to apply the one payment to the
> four accounts (in order to track).



  #-1  
Old 09-24-2008, 09:33 PM
Trissa
Guest
 
Posts: n/a
Default Student Loans in Money 2007

Hi,

I have four student loans all under one account with Sallie Mae. I've
entered them in Money separately because they are at differing interest
amounts - I make only one payment to Sallie Mae and they split it between the
loans. My problem is that I dont know how to apply the one payment to the
four accounts (in order to track).
 

Tags
2007, loans, money, student
Similar Threads
Thread Forum Replies Last Post
Consolidating 2 Student Loans
concentriq: Is there best practice on how to consolidate two student loans? There seems to be no easy way to do this. My version is 2005 Premium. ANY Help...
Microsoft Money 1 04-18-2006 04:44 AM
student's budget living off loans
mcewan.m@gmail.com: How do I set up a budget in Mocrosoft Money if I have no income? I just have a big savings account where I keep what's left over of my money after...
Microsoft Money 1 03-14-2006 02:52 AM
Graduated Student Loans
Tyler: I am setting up my student loans in Money 2005 and if they were regular loans I wouldn't have a problem, but...one of them is on a graduated...
Microsoft Money 3 05-24-2005 01:46 AM
Multiple student loans, one payment?
Maaz Mansori: I was just wondering if was possible to set up a scheduled payment where 2 loans are paid with one automatic withdrawal? I have 2 student loans...
Microsoft Money 2 11-16-2003 01:43 AM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 03:59 AM.