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Re: Debt Consolidation Loan - Impact on Income v Expense Report
Maybe Method 3? If I create the Debt Consolidation account on Budget (as a line of credit) then it shows up as overspending for July, but all my reports look much more reasonable.…
JTF
jtf
5 mths ago
Credit Cards & Debt
Reported - view
Re: Debt Consolidation Loan - Impact on Income v Expense Report
@dakinemaui Well...there is definitely no impact to Net Worth, that is truly a wash. Only to the Net Income line in the Income v Expenses report.
JTF
jtf
5 mths ago
Credit Cards & Debt
Reported - view
Re: Debt Consolidation Loan - Impact on Income v Expense Report
@dakinemaui Whether or not it comes in to the TBB category or "Debt Consolidation Loan" category I would eventually need to allocate out to the Credit Card Payments category when I make the payment.…
JTF
jtf
5 mths ago
Credit Cards & Debt
Reported - view
Re: Debt Consolidation Loan - Impact on Income v Expense Report
@Ceeses Good idea. I might create a specific category for the transaction then hide it when looking at the report.
JTF
jtf
5 mths ago
Credit Cards & Debt
Reported - view
Re: How do you handle splitting up groceries?
I group Groceries with other household items (windex, garbage bags, etc.), but the others you mention are split into their own category. It's not much of an issue for me because most grocery trips…
JTF
jtf
5 mths ago
1
Setting Up Your Budget
Reported - view
Debt Consolidation Loan - Impact on Income v Expense Report
Background Similar to this thread , I secured a debt consolidation loan because the interest I would start paying on credit card debt would be much higher than the interest on the loan.…
JTF
jtf
5 mths ago
9
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69
Credit Cards & Debt
JTF
jtf
Denver, CO
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