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How to graph total credit-card debt?

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Dave Rivers

04 Apr, 2009 10:47 PM

I've been a moneydance user since 2007, but I've got data going back to 2005.

I use the Net Worth graph a lot (although, I do like the quicken approach
of showing liabilitys & assets in bars, with the aggregate networth value
being a line intersecting the bars.)

Anyway - sorry for the diversion...

But, I was wondering if there is a way to see your total outstanding
credit card balances in a graph over time... You can graph each account
balance over time, but I'd essentially like a graph which is the sum of
several account balances.

Ideas?

Thanks!

1. Support Staff 1 Posted by Sean Reilly on 05 Apr, 2009 01:07 AM

   

   This isn't in Moneydance now, but is a great idea! Actually, I think you may be able to do this by putting all of your credit cards under one "parent" credit card account, and then using the Account Balance graph, selecting the parent account, and choosing the "include sub-accounts" checkbox.

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2. Sean Reilly closed this discussion on 05 Apr, 2009 01:07 AM.

3. Dave Rivers re-opened this discussion on 05 Apr, 2009 03:17 PM

4. 2 Posted by Dave Rivers on 05 Apr, 2009 03:17 PM

   

   The parent account approach might be a good one, but since it's
   in the "credit card" account-type; isn't it already kinda "pareneted" ?

   I mean -it displays on the home page separately...

   Maybe something to display the sum of any account type over time,
   like all credit-cards, all liabilities, all loans, all assets?

   If I invent a new account - say "Credit Cards" and make all my current
   accounts as sub-accounts of that one... Then the home page
   might look like:

   Credit Cards Credit Cards AMEX BOFA Chase Citi Macys Sears Target

   right ?

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5. 3 Posted by Dave Rivers on 05 Apr, 2009 03:56 PM

   

   OK!

   I made an account to be the "parent" of all of the credit-cards; that
   let me graph the total credit-card debt over time.

   But - the question came up; what "type" of account is this. I made it
   a simple liability, but when I put the credit-cards underneath that account,
   it showed in the "liability" box on the home page...

   So - I redid it and made it a "credit card" account...

   Maybe there needs to be a different "type" - this master-account is not
   actually a credit-card account (it has no balance, etc...) it is simply a holder
   that needs to show up in the "Credit Cards" box on the home page...

   And, now, of course, the home page is a little redundant - the "Credit Cards"
   box has an account named "Credit Cards" which has the sum of the card
   balances, and then at the bottom is a line that is the sum of the card balances.

   So - it's a little awkward, but a good idea and gets the graph I was looking
   for!

   Thanks!

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6. Support Staff 4 Posted by Sean Reilly on 06 Apr, 2009 01:09 AM

   

   Glad it works for you! In the future I will add the ability to graph the balances of multiple accounts, so that you can do this without rearranging your accounts.

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7. Sean Reilly closed this discussion on 06 Apr, 2009 01:09 AM.

8. Dave Rivers re-opened this discussion on 09 Apr, 2009 12:55 AM

9. 5 Posted by Dave Rivers on 09 Apr, 2009 12:55 AM

   

   I unresolved this one.. because something came up.

   That worked great for graphing, but I use "Payoff" to track my repayment schedule,
   and when I put the credit-card accounts under a "credit cards" account,
   "Payoff" doesn't "see them" any more... so, my repayment schedules are all wrong.

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10. 6 Posted by Dave Rivers on 09 Apr, 2009 12:57 AM

    

    I think there is a general abstraction here that may be mis-applied, and
    we may have deciphered it with the idea of being able to graph the total
    of a "kind of" account; like all the Loans, all the Liabilites...

    But - a user may want to combine groups (like Loans + credit)

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11. 7 Posted by Dave Rivers on 09 Apr, 2009 12:58 AM

    

    Just to add one more thing... I've had to do several "small" comments
    here because the posting mechanism kept complaining that my
    comments looked like spam... is there a definition of what looks like spam?

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12. 8 Posted by jp on 09 Apr, 2009 01:15 PM

    

    Similar to seeing total credit card debt across multiple accounts, I would like to see an asset-class breakdown of ALL my accounts (or accounts I select). How much money do I have in cash, stock, mutual funds... all in a nice pie chart.
    Right now I have to use Mint.com to get this information but even Mint won't let me choose accounts.

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13. Angie Rauscher closed this discussion on 04 Sep, 2010 04:07 AM.