How do I enter my mortgage, etc when setting up my account?

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  • Updated 2 months ago
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How can I enter my monthly fixed expenses like mortgage, etc?
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Posted 2 months ago

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Wayne Bird

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Assuming you've created envelopes for your monthly fixed expenses and your bank and debt accounts (ie, mortgage, car loan, etc. -- accounts that you're paying off), you'll create a recurring transaction.

To do this on the web site, select Add Transaction at the top left side of the page. Then select the appropriate tab at the top. The default tab is Expense/Credit. Use this tab for your recurring expenses such as utility bills. Enter the data in the given fields and check Schedule this... Select the dropdown box and then the desired period. If you want an email reminder to pay this expense check the box and select the number of days before the due date you want to be reminded. Select save.

For debt transactions like a mortgage, select the Debt Transaction tab and enter the data in the given fields. Check Schedule this... and follow same steps as a described in the previous paragraph.

Again, this is assuming you've already set up your envelopes and accounts.
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Alex Park, Official Rep

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Hi joy,

Wayne covered the primary process for creating scheduled transactions to cover your recurring payments in his answer above. I just wanted to add that, for payments you're making to slowly lower the balance of something, like a loan or mortgage, you might consider using a Debt Account (and Debt Payment Envelope) to track those payments!

Hope that helps!