Past?

Q: I use the debt reduction planner, and specify a fixed amount to pay off every month. Let's say, $500. However, I don't use the debt reduction planner to add those bills as "scheduled" in the main scheduler. I manage the payments myself manually, but like looking at the debt reduction planner to see where I'm at. However, it doesn't update my payment per accounts properly month to month. When I look at the debt reduction planner month-to-month schedule, the current month says I should be paying over $4000 in bills, and then from next month on, it divides the $500 up properly amongst the accounts. Then, next month it will be the same. The current month will always display some huge amount, because (I'm only guessing) that it believes I still have that money to pay from previous months --- (whereas I have paid that money, but done it manually). How can I get the debt reduction planner to reasses and reset where I am every month, and disregard any payments it believes I should have paid in the past? Or maybe I'm wrong with my guess at what is happening --- can anyone explain what is going on?

A: Did it behave differently in previous versions? I think you may have to let it manage the payments, even if you don't use it to pay bills electronically. Just schedule them as direct debits or checks not automatically posted, and record them in the register at your schedule. I do that with two credit card accounts. One is a direct draft and the bank drafts the minimum from my checking account. The other, paid the remainder of the fixed amount allocated to the DRP after the minimum payment on the first, is set up as an epay. It appears on my bills list for me to schedule at the appropriate time. I could just as easily use both as prompts to write checks, but I don't like paper. The amount drafted by the bank is usually slightly less than that calculated by the DRP. It's close but not exact. I schedule the ePay after the bank draft, applying the difference to the ePay. Everything works well that way.

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