Money: Debt Reduction Planner Rounds the Payment Amount
Article ID: 181516
Article Last Modified on 1/22/2007
APPLIES TO
- Microsoft Money 99 Standard Edition
- Microsoft Money 98 Standard Edition
- Microsoft Money 98 Deluxe Edition
- Microsoft Money 98 Financial Suite Edition
This article was previously published under Q181516
SYMPTOMS
The Debt Reduction Planner always rounds payments up to the next dollar for
debts included in the plan, but does not allow you to change the amount of
a payment.
CAUSE
This behavior is by design in the versions of Microsoft Money listed at the
beginning of this article.
MORE INFORMATION
The Debt Reduction Planner is designed to assist you when you have several
sources of open-ended debt with different, high rates of interest such as
credit cards.
The Debt Reduction Planner is not as effective for debts where the balance
is paid in full each month, such as charge cards requiring full payment.
Further, it is not intended for fixed-rate loans with a definite final
payment date (such as home mortgages and car loans, where you know exactly
when the final payment is due). In such cases, you cannot alter the Debt
Reduction Planner to reflect the exact amount of the given payment.
WORKAROUND
If you really want to change the amount of a given payment, you may do so
in the Bills area, as you enter the bills that the Debt Reduction Planner
has created.
For more information about editing a payment in the Bills area, click the
Help button on the navigation bar, and search for the following topic in
Money Help:
editing, recurring payments
Additional query words: w_money 6.0 7.0 planner hat
Keywords: kbmoneyplanner kbprb KB181516