Debt reduction calculations are wrong

I'm using MS Money 2007 Deluxe.

I wanted to enter a credit card into the Debt Reduction Planner, based on
the amount I want to pay per month, but Money tells me I'll be paid off by
July 1 (two payments). It's somehow thinking I'm going to make a big payment
on June 1. I made one of those in the beginning of May, but I'm not sure
where Money is getting the figure for June, because it's not just combining
the May payment with my debt reduction payment--the numbers don't add up.

I thought that either the payment in my budget or the scheduled bill to the
credit card might be affecting it. I can't see how to delete a budget so I
just started a new one but haven't entered any data yet. I deleted the
scheduled bill for the card. I closed Money and opened it several times.

How can I get Money to stop thinking I'm making a huge initial payment?

Thanks to anyone who has any ideas.

Cindy
Tue May 13 09:36:59 CDT 2008

Go to Tools>Settings>Planner Settings> Reset Debt Planner. Then set your
Debt plan back up. If asked if a payment has been made for any bills this
month, answer YES to avoid a large payment. Let me know if this works.

Cindy



"Soxby" <Soxby@discussions.microsoft.com> wrote in message
news:155D3AC9-6F0E-4502-A4F0-5F898E108A0A@microsoft.com...
> I'm using MS Money 2007 Deluxe.
>
> I wanted to enter a credit card into the Debt Reduction Planner, based on
> the amount I want to pay per month, but Money tells me I'll be paid off by
> July 1 (two payments). It's somehow thinking I'm going to make a big
> payment
> on June 1. I made one of those in the beginning of May, but I'm not sure
> where Money is getting the figure for June, because it's not just
> combining
> the May payment with my debt reduction payment--the numbers don't add up.
>
> I thought that either the payment in my budget or the scheduled bill to
> the
> credit card might be affecting it. I can't see how to delete a budget so
> I
> just started a new one but haven't entered any data yet. I deleted the
> scheduled bill for the card. I closed Money and opened it several times.
>
> How can I get Money to stop thinking I'm making a huge initial payment?
>
> Thanks to anyone who has any ideas.