Tracking versus budget accounts

I am confused. I have a number of accounts that are considered tracking accounts, and I have some pretty hefty payments. Why are these not included in the budgeting? I have to pay money each month, and it decreases the amount of money I have to spend on my budget.

3replies Oldest first
  • Oldest first
  • Newest first
  • Active threads
  • Popular
  • You need to make a category for those payments and budget for them. 

    Like 3
  • So it does go into budget?

      • WordTenor
      • I have the honor to be your obedient servant
      • WordTenor
      • 11 mths ago
      • 1
      • Best Answer
      • Reported - view

      Stacey Shore If you say, owe a car payment, you need to have a category called "car payment" where you budget for, and record the payment. When you budget, you'll budget $200 or whatever to the car payment category, and when you pay, you will categorize the $200 payment to that category. 

      Whether you also have a corresponding tracking account for the car loan is up to you. Personally, I find tracking installment loans a waste of my time since I use a different app for calculating my net worth.  Here's the rationale on why you probably shouldn't track a loan:

      And here's how to do it if you insist:

      Like 1
Like Follow
  • 11 mths agoLast active
  • 3Replies
  • 132Views
  • 4 Following