Mitchell & Kathrine Gardn
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 Posted:
Fri Nov 11, 2005 5:01 pm Post subject:
Budget Help |
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I include my monthly expenses things I budget for, paid with both cash and
credit card.
If I do not pay off my credit card balance, how do I get the minium payment
to be a expense too?
Right now, playing with the transfers option, I can get it, but it always
pops up as an offset income amount wiht my salary
Also, what is the best way to treat payments of insurance and real estate
tax from impound accounts.
Please give detailed help!
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Steve J.
Joined: 10 Nov 2005
Posts: 3
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Sat Nov 12, 2005 5:18 pm Post subject:
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You don't want the minimum payment to be an expense. You aren't buying anything. You are simply transfering money to cover what you have already used as an expense.
In regards to the other question I'll assume you are talking about a mortgage payment that includes homeowners insurance and property tax.
I would make each mortgage payment a split transaction with categories of Tax:Property Tax, insurance, principal and balance. Notate the correct numbers. Budget accordingly. |
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