Set up a portfolio

Debt Wizard requires that all credit accounts be collected in a portfolio. Creating the portfolio is necessary one time for each collection of debts you wish to consider. After the portfolio is created, you may go back and add, delete, or modify accounts it contains. Hereafter, you may choose "Open Portfolio" to regain access to the portfolio you are creating.

Set up an account

To populate your portfolio you will need to create some accounts. Choose "Add Account" under the "Portfolio" menu. This will bring up an Account Dialog. In it you are required to enter the following information:

ITEM	DESCRIPTION	EXAMPLE
Current Balance	How much is owed on this debt.	1000.00
Interest Rate	What is the NORMAL annual percent interest on this account	18.9
Minimum Payment	What is the lowest possible acceptable payment.	15.00
Monthly Interest	What percent of the balance determines the minimum payment. This is usually located on the back of your statement. See Interest Tool Window for Debt Wizard to calculate this for you.	2.00
Type of Debt	Fixed minimum payment.	Car loan, house mortgage, etc...
	Minimum percent	Loans that are designed to reap as much interest as possible.
	Both: Fixed minimum payment and Minimum percent.	Most revolving debts such as credit cards.

Once this information has been entered, repeat the process for as many accounts as you have. Notice that as you create an account, the "Account List" Tool Window adds the account to it's list. If you double click on any account in this tool window, the account window will present itself again. To keep your screen relatively uncluttered, take advantage of this tool window.