Having problems with the Debt Reduction Planner? I may have the solution...


A

Artie McDonald

If you are having problems with the debt reduction planner incorrectly
allocation allocating well below your preferred monthly debt payments for an
extended period of time (nothing more than the absolute minimum payments), I
think I have a solution to the problem. This has been a problem in my
money file in every version of money since Money 2000 and I'm beyond shocked
its still a bug in the product.

There is a KB article that describes this problem:
http://support.microsoft.com/default.aspx?scid=kb;en-us;299420

However, if you perform those actions, the debt plan doesn't fix the
problem. Money support is also unable to figure it out either.

However, after some tinkering, I think I found the key problem that the
above KB article fails to address. The problem is caused if you have any
"Closed" debt accounts that have been a part of your debt plan. Resetting
the debt plan from the options menu or using the msmoney -s command does not
remove the closed accounts from the debt plan (and to the user they appear
hidden). The user has to open all closed debt accounts first, and then
reset the debt plan. This will once and for all remove all those dead
accounts from the debt plan and allow money to make correct calculations
again.

Hopefully in the future, MS will get this bug fixed in Money. For the time
being though, remember to remove your debt accounts from the debt plan
before you mark them closed in Money.
 
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C

Cal Learner-- MVP

The problem is caused if you have any
"Closed" debt accounts that have been a part of your debt plan. Resetting
the debt plan from the options menu or using the msmoney -s command does not
remove the closed accounts from the debt plan (and to the user they appear
hidden). The user has to open all closed debt accounts first, and then
reset the debt plan. This will once and for all remove all those dead
accounts from the debt plan and allow money to make correct calculations
again.
Thanks for posting that.
 

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