RV Loan

I removed it from my Credit Card. I put it in tracking. I also put it under loans. Do I need it under loans? Money from my account goes into the payment. I have a renters income making the payments. Part of the payment goes to the RV payment and part goes to the RV space rental that I help with.

I am not clear on how to budget on the RV loan. Can you help me see this better?

D

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  • Personally, I would have a category for the loan payment and a category for the space rental. When you make an RV payment you can record it as an outflow from checking in the RV payment category. Then record the payment as an inflow in the off-budget tracking account to reduce the amount of the loan. Similarly, whenever that loan accrues interest, record it as an out flow from the tracking account to increase the debt.

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  • Thank you

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