Do not store the *.mny or *.mbf (backup) files within the Program Files folder. They may appear to work for the *.mny files, but you will find that changes appear to not have been saved. Instead, move all of your *.mny files to your Documents folder
(or at least not in Program Files). Then open Money by double-clicking the file in the new location. Money will remember. Then change the backup locations for each. When you change the backup settings, I suggest you
Browse to your Documents folder to avoid mis-spelling.
Here are my backup suggestions:
In M+: Tools->Settings->BackupSettings
I suggest checking
x Automatically backup my Money file every time I close Money
Save in [a place on your hard drive ]. It is best to Browse to
a location rather than typing the path.
x Ask me before backing up each time*
x Compress Backup Files
Keep only the _20_most recent backup files [adjust to taste]
x Perform scheduled backups every _28_ days
Save in [a USB flash drive location]
x Ask me before backing up each time*
x Compress Backup Files
Keep only the _2_most recent backup files [adjust to taste]
Then periodically, perhaps each month or three, copy your latest
backup (uniquely named by Money) to a CDR.
* The reason I have Money ask me, is that I don't want to back up
each time I exit. If I went into Money 5 times in a day, I would
not want to back up 5 times, nor would I want to delete 5 other
backup files. You will be given the choice to BackUpNow or to Postpone.