Glyn
Wed Sep 22 15:25:13 CDT 2004
I had this feeling you were going to mention special/debts....
If I create a new file, I could set up a CC with an estimated spending of
$50 per month. This will be shown in the special/debts as negative $50. This
is because it is only an estimate and not 'real' spending. (Actually, it is
treated as zero UNLESS i have other stuff which would bring the Special/Debt
category to be >0)
If I then schedule a monthly payment of $20 to this account, with a category
which is in the budget, then it appears in the budget, but does not effect
the special/other - the spending is on another category. However, i could
move the other category to be a debt cateogy and it will appear in there.
What I am basically saying, is the budgeted category is in another budget
group, then it has no effect on the special/debt category.
It's not simple stuff, but the numbers do work...... it's very difficult to
explain in detail...
--
Glyn Simpson, Microsoft MVP - Money
http://money.mvps.org
Check
http://support.microsoft.com/default.aspx?scid=fh;EN-GB;mny
for UK tips and fixes for MS Money. To send Microsoft your wishes or
suggestions, use
http://register.microsoft.com/mswish/suggestion.asp
or
http://www.microsoft.com/uk/support/money/feedback especially
if it's a UK specific wish.
I do not respond to any unsolicited email regarding Money
"PAV" <pav@townisp.com> wrote in message
news:eRP4gj0nEHA.3712@TK2MSFTNGP15.phx.gbl...
> Please explain this to me then. (Sorry for being a ditz, but it's just not
> obvious to me)
>
> I understand what you are stating.. however..
>
> The budget includes things that are in the dept reduction planner. If I
> have
> a visa included in there "the DRP" (which they do state you can do in the
> tutorial) it will show up in my budget under the heading Special/Depts.
>
> How then do you get around having one of your budgeted items being taken
> out
> of that visa account vs. a checking account, and then transferring the
> money from the checking account to the visa without it showing up as a
> double hit?
>
> Thanks!
>
> It is almost sounding like I should not have my visa in the DRP.
>
> PAV
>
> "Glyn Simpson, MVP" <glyn@serf.org> wrote in message
> news:Orc6Rd0nEHA.3992@TK2MSFTNGP15.phx.gbl...
>> You don't budget the payment of your credit card, because you're not
>> spending the money at that point. The spending occurred at the time you
>> bought the item on the credit card. Treat the payment of the credit card
>> balance as moving funds around. (Note I didn't call it a bill as that
> could
>> imply it is an additional expense).
>>
>> The budget can be imagined as a big pot of money - budgeted amounts
>> either
>> are debited or credited from that 'pot'. Moving money within it makes no
>> difference to it's balance.
>>
>> --
>> Glyn Simpson, Microsoft MVP - Money
>>
http://money.mvps.org
>>
>> Check
http://support.microsoft.com/default.aspx?scid=fh;EN-GB;mny
>> for UK tips and fixes for MS Money. To send Microsoft your wishes or
>> suggestions, use
http://register.microsoft.com/mswish/suggestion.asp
>> or
http://www.microsoft.com/uk/support/money/feedback especially
>> if it's a UK specific wish.
>>
>> I do not respond to any unsolicited email regarding Money
>>
>> "PAV" <pav@townisp.com> wrote in message
>> news:OLk7TZ0nEHA.4056@TK2MSFTNGP09.phx.gbl...
>> > Both of my accounts are set to "in budget". And yes my credit card is
>> > in
>> > the
>> > DRP.
>> >
>> > I have a small balance that I would like to manage.. Responding to your
>> > comment. I do have to pay the credit card $X 'committed a month so I
>> > figured
>> > it should be in the budget, so why wouldn't I budget that directly? If
>> > there
>> > is a wiser way of doing it, i'm open to all suggestions.
>> >
>> > Expense numbers meaning: in the budget planner my income/expense
>> > calculations are now off. It now shows that I have paid out an
> additional
>> > $50 (The $50 transfer to cover the telephone bill). So if I leave
>> > things
>> > as
>> > it is come the end of the month I will be lead to believe that I don't
>> > have
>> > that extra $50 in my account to put towards something else.
>> >
>> > Thanks for any help/advise you have provided.
>> >
>> > PAV
>> >
>> > "Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
>> > message news:%233UCcO0nEHA.3324@TK2MSFTNGP15.phx.gbl...
>> >> If both your checking and credit cards are set as "in budget" in their
>> >> account details, this should not pose a problem. Here's why: the
> Transfer
>> >> from Checking to Credit Card should not show up as an expense in the
>> > budget.
>> >> The Telephone expense should show up whether you post it in the
> register
>> > for
>> >> Checking or Credit Card.
>> >>
>> >> I'm wondering if the issue here is that your Credit Card is in the
>> >> DRP?
>> >> If
>> >> so, the Debt special "category" will reflect it--but Debt only is
>> >> there
>> >> to
>> >> show what your cash outflow committed to debt service is. You don't
>> > "budget"
>> >> it directly. If this is your concern, I wouldn't worry about it. As
>> > always,
>> >> I might be missing something here.
>> >>
>> >> When you say your expense numbers are off, are you referring to the
>> >> Telephone expense category or the Debt "category" displayed in the
>> >> budget?
>> >>
>> >> "PAV" <pav@townisp.com> wrote in message
>> >> news:ebqLAA0nEHA.1304@TK2MSFTNGP09.phx.gbl...
>> >> > Is there a way to not have transfers show up in the budget? Or
> perhaps
>> >> > someone give some good advise on how to work around my issue.
>> >> >
>> >> > Typically I have bills taken out of my checking account. This month
>> >> > I
>> >> needed
>> >> > to pay a usual bill from my credit card. If I note the bill (in this
>> > case
>> >> > telephone) correctly being electronically deducted from my visa it
> will
>> >> show
>> >> > up (as it should) in it's noted place in the budget. Now, if I
> transfer
>> >> the
>> >> > money from my checking account to cover that payment my budget dings
> me
>> >> > again. So instead of showing that I paid a $50 telephone bill, it
> also
>> >> show
>> >> > that I have an additional $50 in dept. Needless to say my expense
>> > numbers
>> >> > are now off.
>> >> >
>> >> > Any ideas on how to work around this?
>> >>
>> >>
>> >
>> >
>>
>>
>
>