🚀 go-pugleaf

In article <cpk-110193083748@harrier.cray.com> cpk@cray.com (Chris Kruell) writes:
>Can anyone who's used both Quicken and MYM comment on the
>documentation for each program?
>...
>I don't necessarily expect the documentation to teach me all 
>about personal financial management, but it would be helpful 
>to have examples on how to begin using such a program when 
>you're in the middle of paying off loans or when/how to 
>begin recording account data for existing accounts.
>Now, this was years ago, so perhaps things have changed.

The MYM documentation is, IMHO, very clear and practical tutorial.  It
does, however, get a little chummy in places, so it can be irritating
when you just want to look something up.  The answer to your first
question, BTW, is to treat the existing loan as a new loan with the
remaining principal as the loan amount.  For example, if you pay
monthly and your next payment (the first one you want to record) is
due on Feb 15, then treat it as a new loan taken out on Jan 15 in the
amount of the principal remaining on Jan 15.

>Another question:  does either program automatically tell
>you how much of a mortgage or loan payment is going to
>pay off the principal and how much to interest?

Yes, MYM does this.  It also has a separate tool that will generate
your complete ammortization schedule.  It will send the output to
either screen, file, or printer.  This tool, incidently, could be very
useful for figuring out (in the above example) what your principal was
on Jan 15.


--
Brian Hanafee                         Advanced Decision Systems
bhanafee@ads.com                      1500 Plymouth Street
(415) 960-7300                        Mountain View, CA 94043-1230