Re: Budgeting loans

[Andy Pastuszak]

Can you budget a split transaction?

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From: Kurt Padilla <kurt.padi...@gmail.com>
Sent: Saturday, April 7, 2018 10:12:03 AM
To: Andy Pastuszak
Cc: Gnucash Users
Subject: Re: Budgeting loans

I use a split transaction for my mortgage payment that takes care of principle, 
interest, and escrow all at once.

I haven't used the budgeting feature yet, but I use both expenses and cash flow 
reports to get a mostly complete financial review every month.

Kurt

On Fri, Apr 6, 2018, 22:10 Andy Pastuszak 
<apastus...@gmail.com<mailto:apastus...@gmail.com>> wrote:
I came up with an idea.  I created and asset account called Mortgage
Payment, and do a transfer of my monthly mortgage payment to that account.
In that account register, I do 2 transactions, one that pays the mortgage
and one that pays the principal.  Need to tinker and see how this works for
budgeting.

On Fri, Apr 6, 2018 at 9:22 PM, Andy Pastuszak 
<apastus...@gmail.com<mailto:apastus...@gmail.com>> wrote:

> I'm trying to find the best way to budget a loan.  The principal and
> interest of the loan changes every month as you make payments, so it's kind
> of tough to budget them without being forced to adjust the budget amount
> every single month.  Is there some kind of "best practice" for budgeting
> loans?
>
> Andy Pastuszak
>
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Re: Budgeting loans

[Dale Alspach]

I suggest just budgeting the total payment. Most budgeting issues are
actually cash flow so the total payment is the important number.

Dale

On 04/06/2018 09:07 PM, Andy Pastuszak wrote:
> I came up with an idea.  I created and asset account called Mortgage
> Payment, and do a transfer of my monthly mortgage payment to that account.
> In that account register, I do 2 transactions, one that pays the mortgage
> and one that pays the principal.  Need to tinker and see how this works for
> budgeting.
> 
> On Fri, Apr 6, 2018 at 9:22 PM, Andy Pastuszak  wrote:
> 
>> I'm trying to find the best way to budget a loan.  The principal and
>> interest of the loan changes every month as you make payments, so it's kind
>> of tough to budget them without being forced to adjust the budget amount
>> every single month.  Is there some kind of "best practice" for budgeting
>> loans?
>>
>> Andy Pastuszak
>>
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Re: Budgeting loans

[Andy Pastuszak]

I came up with an idea.  I created and asset account called Mortgage
Payment, and do a transfer of my monthly mortgage payment to that account.
In that account register, I do 2 transactions, one that pays the mortgage
and one that pays the principal.  Need to tinker and see how this works for
budgeting.

On Fri, Apr 6, 2018 at 9:22 PM, Andy Pastuszak  wrote:

> I'm trying to find the best way to budget a loan.  The principal and
> interest of the loan changes every month as you make payments, so it's kind
> of tough to budget them without being forced to adjust the budget amount
> every single month.  Is there some kind of "best practice" for budgeting
> loans?
>
> Andy Pastuszak
>
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