Comments on: Money Merge Account Analysis Pt 22 http://www.joetaxpayer.com/money-merge-account-analysis-pt-22-2/ Financial Commentary For The Average Joe Thu, 09 Feb 2012 00:23:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: JOE http://www.joetaxpayer.com/money-merge-account-analysis-pt-22-2/comment-page-1/#comment-3240 JOE Thu, 26 Feb 2009 01:49:40 +0000 http://www.blog.joetaxpayer.com/?p=1002#comment-3240 Jimmy, 1) Agreed, but that's the first flaw, the three month cycle is an added cost. 2) Right, in tomorrow's post I conclude the goal is to get as close to zero for a minimum HELOC balance during each monthly cycle. 3) Again, you are right, but what is more likely, found cash, or unexpected expense? Jimmy,
1) Agreed, but that’s the first flaw, the three month cycle is an added cost.
2) Right, in tomorrow’s post I conclude the goal is to get as close to zero for a minimum HELOC balance during each monthly cycle.
3) Again, you are right, but what is more likely, found cash, or unexpected expense?

]]> By: JimmyDaGeek http://www.joetaxpayer.com/money-merge-account-analysis-pt-22-2/comment-page-1/#comment-3239 JimmyDaGeek Thu, 26 Feb 2009 00:48:18 +0000 http://www.blog.joetaxpayer.com/?p=1002#comment-3239 Hey Joe, The amount of money MMA pulls out should be related to the following items: 1) The amount of monthly discretionary income - Since it seems MMA tries to pull out big chunks every 3 months, MMA needs to know that it can pay it down in that time. 2) Minimum monthly HELOC balance - Because MMA uses HELOC balance reduction, the HELOC balance can never be allowed to get to zero during the month. 3) Oops factor - If a client were to get some extra cash, MMA wants to be able to apply that to the HELOC balance without running the risk that the HELOC balance reaches zero and the client will have to move that extra cash into a checking account. While an extra bi-weekly paycheck can be calculated and accounted for, any other found cash can't and would ruin the illusion of MMA omniscience. Hey Joe,

The amount of money MMA pulls out should be related to the following items:
1) The amount of monthly discretionary income – Since it seems MMA tries to pull out big chunks every 3 months, MMA needs to know that it can pay it down in that time.
2) Minimum monthly HELOC balance – Because MMA uses HELOC balance reduction, the HELOC balance can never be allowed to get to zero during the month.
3) Oops factor – If a client were to get some extra cash, MMA wants to be able to apply that to the HELOC balance without running the risk that the HELOC balance reaches zero and the client will have to move that extra cash into a checking account. While an extra bi-weekly paycheck can be calculated and accounted for, any other found cash can’t and would ruin the illusion of MMA omniscience.

]]> By: Greg http://www.joetaxpayer.com/money-merge-account-analysis-pt-22-2/comment-page-1/#comment-3180 Greg Thu, 19 Feb 2009 15:17:36 +0000 http://www.blog.joetaxpayer.com/?p=1002#comment-3180 Joe, this is a very good question. How do they come up with that number? As someone who has made available a piece of software that calculates the same information, I can say that I really don't understand what their criteria is and can't make any sense of it. For $3500, they should come clean about how the magic computations work. Joe, this is a very good question. How do they come up with that number? As someone who has made available a piece of software that calculates the same information, I can say that I really don’t understand what their criteria is and can’t make any sense of it. For $3500, they should come clean about how the magic computations work.

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