My monthly payment from the bank is lets say 200 bucks. Each month, I pay a different amount, sometimes 225, sometimes 250, sometimes even 300. Now any extra over the 200 goes towards principle.
So I can't track a steady cash flow because depending on how much extra money I have left is what I put in towards the car payment. So my 60 month loan should be paid off within 48 months hopefully. Which makes having to do more work in MW to see my remaining loan balance as well as track cash flow. Mark On Dec 22, 9:59 am, Kevin Hoctor <[email protected]> wrote: > On Dec 21, 2008, at 7:01 PM, [email protected] wrote: > > > Maybe i'm missing something, but my interest goes down each payment as > > I'm paying more towards principle. It also changes depending on how > > many days sooner my payment clears. The reason for tracking is to see > > how much money is leaving my checking account each month, as well as > > the remaining principle left to pay my auto loan. > > > When I receive my statement, it tells me the prior months interest > > payment, which I tack on to the remaining auto loan balance. So the > > actual amount owed for my vehicle isn't exact, but its within 100 > > bucks typically. > > But your loan payments are the same all the time, correct? And this is > what comes out of your checking account each month so this is what you > are trying to track to control cash flow, right? > > What I am saying is, tracking the principal and interest is fine but > excessive work because you are not affecting it unless you decide to > pay more than you calculated loan payment. If you are going to do > that, then you still will have a static amount going to your loan each > month and you just have to check with the bank to see what you balance > is prior to your last payment because it will get paid off early. > > > I'm trying to learn this program and use it to my advantage, but I > > feel like i'm struggling more to figure this out and having to hold > > back from a lot of the 2.0 features. > > MoneyWell 2.0 will have some great additions but the core process of > managing your cash flow better is already in place. If this is what > you're trying to accomplish or you just enjoy a cleaner register > manager, then MoneyWell 1.4 should be helpful. > > Peace, > > Kevin Hoctor > [email protected] > No Thirst Software LLChttp://nothirst.comhttp://kevinhoctor.blogspot.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
