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Current Year Consumption

Submitted by dougbieniek@gma... on 1 July 2007 - 10:16pm

I just ran the Basic program, and the current year consumption was $469,000! Not even close. I re-checked my income entries and they look ok. I'm not sure what to do.

‹ Security of specific funds? Current Saving Using Monte Carlo ›
Submitted by Anonymous on 1 July 2007 - 11:17pm.
1

Dick may have other advice, but when something like that happens, a good approach is to simplify. Remove savings entries in your Assets and Savings panel (perhaps it drawing on that?) and do other things to simplify your calculation. Then add things back in after you see the proper calculations.

But first look at the reports on main report. Consumption is what's left of your income after housing, taxes, term ins. payments and savings. You can see exactly where it's getting Consumption in the main report. Perhaps it thinks you sold your house. Double check that. It's easy to make little mistakes entering data. Check housing.

You'll see it soon I bet, or Dick Munroe or Larry will help you.

Dan

Submitted by Dick Munroe on 4 July 2007 - 11:44am.
2

Dan has it right. There may be a bug or you may have something weird in the data entry. Without further details we can't do any mor than ask you to send us your database.

Start with a new profile with only your earnings and run it. Then add new stuff (savings, IRAs, real estate, etc) one thing at a time and run it again until you get something that makes no sense. If this happens (mostly we find this is some kind of pilot error, but occasionally we've goofed and something has gotten past us) we'll fix the problem as soon as we can figure out what it is.

Best,

Dick Munroe

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