Debt Planning and Projected Balances

Question

I set up a debt plan several weeks ago.  When I look at my upcoming bills, the debt plan amounts are reflected for the next month only.  As a result, my projected balances of bills/income are useless beyond the 30-day window.  Is there a way to get a long-term view of my debt plan reflected in my projected balances of bills and income?

Jim_Harman · Answer

@markus1957 did you mean "… did not create any scheduled bill reminders …"?

If the Debt Reduction plan includes the first monthly payment, you can easily convert that to a monthly Reminder by right clicking in the payment transaction and selecting "Add reminder."

markus1957 · Answer

I thought the debt plan was a stand-alone module and that it did not feed into projected balances. I tested it in my file and while it created a nice-looking plan, it did (not) create any scheduled bill reminders that would report to the Projected Balance graph.

To see the extra debt payoff payments reflected in Projected Balances, you would need to set up a scheduled bill reminder for each account involved or one that represents the sum of the extra payments recommended by the plan. You would need to schedule it as a recurring reminder that ends when the plan projects you will pay the debt off.

Quicken Kristina · Answer

Thank you for your reply,

So that we can help troubleshoot, please provide more information about exactly what you're seeing.  What kind of account (checking, savings, credit card, loan, etc.) is this happening with?  Do you have reminders set up for these monthly payments?  Are these reminders linked to an online biller?  Please provide a screenshot of what you are seeing (with any personal information redacted).  If needed, please refer to this Community FAQ for instructions on how to attach a screenshot. Alternatively, you can also drag and drop screenshots to your response if you are not given the option to add attachments.

Thank you!