Goodbudget Help Center

Tracking Interest and Fees

Last Updated: Sep 28, 2017 03:51PM PDT

A reality that we face is that debt will accrue interest over time. If you're tracking the balance of your debt in Goodbudget, your Debt account and Debt Balance Envelope will not automatically adjust to reflect the interest owed. To add the interest, or increase the debt that you already owe, just record an expense out of your Debt Balance Envelope and Debt account. This will increase the debt you owe in both your Debt Balance Envelope and Debt Account.


 

Are you budgeting your debt payments?

For those that are just tracking debt payments as regular expenses, you can continue making regular debt payments with the money that you set aside in your budget.

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