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Old 05-10-2004, 01:50 AM
Retired Coal Miner
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Posts: n/a
Default Re: Credit Card Balance In Cash Flow Forecast

I've been using the 'Let Money Debt Reduction Planner manage the
account... ' approach for a few months, and it's OK (better than nothing
showing up in the B&D screens). The DRP always adds a few dollars more,
apparently for interest charges. I wish it was intelligent enough to
know that when you have a zero balance and pay ontime, there is no
finance change.




Dick Watson wrote:

- quote -

> Unfortunately, there's no good way to do precisely what you want to do.
> Several approaches: 1) Let Money Debt Reduction Planner manage the account
> and project the payments. 2) Schedule an average payment **and then** let
> the BP take all of your category spending for things likely to go on the
> card and project them there. You may need to set the accounts for each
> category or Money will sooner or later figure this out based on what account
> you used to spend on the categories the last time.
> "Tom Kawamura" <kawamura123[at]comcast.net> wrote in message
> news:096101c42f05$133db690$3501280a[at]phx.gbl...
> > Hi,
> > > I would like for money to automatically reflect paying the

> > balance of my credit card from within my banking account
> > cash flow forecast and my credit card cash flow forecast.
> > > For example, I have several payments and budget items which

> > I exclusively use my credit card for. Since I pay off my
> > credit card each month from my banking account, I would
> > like for microsoft money to automatically show the credit
> > card payments when it does the cash flow forecast.
> > Likewise, if I display the cash flow forecast on my credit
> > card, it should never display a positive balance. I want
> > it to show all charges and payments but never to exceed zero.
> > > The only way I have been able to figure out how to do this

> > is to create a scheduled transfer of money from my banking
> > account to my credit card account of my typical monthly
> > bill from within the Bills & Deposits window.
> > > The consequence of this is that a cash flow forecast of my

> > credit card shows that it eventually reaches a ridiculously
> > high positive balance.
> > > Any suggestions how to better model this?
> > > Thanks in advance,
> > > Tom


 
Old 04-30-2004, 11:32 PM
Dick Watson
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Posts: n/a
Default Re: Credit Card Balance In Cash Flow Forecast

Unfortunately, there's no good way to do precisely what you want to do.

Several approaches: 1) Let Money Debt Reduction Planner manage the account
and project the payments. 2) Schedule an average payment **and then** let
the BP take all of your category spending for things likely to go on the
card and project them there. You may need to set the accounts for each
category or Money will sooner or later figure this out based on what account
you used to spend on the categories the last time.

"Tom Kawamura" <kawamura123[at]comcast.net> wrote in message
news:096101c42f05$133db690$3501280a[at]phx.gbl...
- quote -

> Hi,
> I would like for money to automatically reflect paying the
> balance of my credit card from within my banking account
> cash flow forecast and my credit card cash flow forecast.
> For example, I have several payments and budget items which
> I exclusively use my credit card for. Since I pay off my
> credit card each month from my banking account, I would
> like for microsoft money to automatically show the credit
> card payments when it does the cash flow forecast.
> Likewise, if I display the cash flow forecast on my credit
> card, it should never display a positive balance. I want
> it to show all charges and payments but never to exceed zero.
> The only way I have been able to figure out how to do this
> is to create a scheduled transfer of money from my banking
> account to my credit card account of my typical monthly
> bill from within the Bills & Deposits window.
> The consequence of this is that a cash flow forecast of my
> credit card shows that it eventually reaches a ridiculously
> high positive balance.
> Any suggestions how to better model this?
> Thanks in advance,
> Tom



  #-1  
Old 04-30-2004, 10:47 PM
Tom Kawamura
Guest
 
Posts: n/a
Default Credit Card Balance In Cash Flow Forecast

Hi,

I would like for money to automatically reflect paying the
balance of my credit card from within my banking account
cash flow forecast and my credit card cash flow forecast.

For example, I have several payments and budget items which
I exclusively use my credit card for. Since I pay off my
credit card each month from my banking account, I would
like for microsoft money to automatically show the credit
card payments when it does the cash flow forecast.
Likewise, if I display the cash flow forecast on my credit
card, it should never display a positive balance. I want
it to show all charges and payments but never to exceed zero.

The only way I have been able to figure out how to do this
is to create a scheduled transfer of money from my banking
account to my credit card account of my typical monthly
bill from within the Bills & Deposits window.

The consequence of this is that a cash flow forecast of my
credit card shows that it eventually reaches a ridiculously
high positive balance.

Any suggestions how to better model this?

Thanks in advance,

Tom
 

Tags
balance, card, cash, credit, flow, forecast
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