Home Loan with Extra Principal

11-08-2003, 06:52 PM

Add another split line to the scheduled bill of category Principal
Transfer:[name of loan acct]. Leave the calculated lines for principal and
interest expense alone. (Here I'm assuming you are using M03 or M04--this
used to be different, but I can't give precise instructions as I don't run
those versions anymore. It's always helpful to identify the version of Money
you are concerned with.)

"Matthew" <mattp[at]bpginc.com> wrote in message
news:015d01c3a630$703f6630$a301280a[at]phx.gbl...
- quote -

> I currently have my Morgage withdrawn directly from my
> checking account. I want to post it into the register
> automatically but not have it double post when I download
> my transactions from my checking account.
> Also, when I setup my loan through Money automated system
> it determines my loan payment of (not real numbers)
> $1050.00 with P+I+Taxes+Insurance.
> I currently have $1100.00 withdrawn from my account with
> the extra $50.00 going towards principal. How can I
> reflect this extra $50.00 towards princial in Money.
> Currently when I go to Account List and Home Loan is only
> shows $1050.00, but if I go to add the $50.00 towards
> principal there is no category to reflect that it went
> towards principal.
> HELP...what did I do wrong or what else do I have to do?

#-1 11-08-2003, 06:42 PM

I currently have my Morgage withdrawn directly from my
checking account. I want to post it into the register
automatically but not have it double post when I download
my transactions from my checking account.

Also, when I setup my loan through Money automated system
it determines my loan payment of (not real numbers)
$1050.00 with P+I+Taxes+Insurance.

I currently have $1100.00 withdrawn from my account with
the extra $50.00 going towards principal. How can I
reflect this extra $50.00 towards princial in Money.
Currently when I go to Account List and Home Loan is only
shows $1050.00, but if I go to add the $50.00 towards
principal there is no category to reflect that it went
towards principal.

HELP...what did I do wrong or what else do I have to do?

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