Budgeting and loans

[Buddha Buck]

If you know the current status of the loan (outstanding balance after last
payment, interest rate, and number of payments remaining), you should be
able to use that to compute an amortization table that matches your payment
schedule.

Also, my bank tells me how much of each payment is applied to interest
versus principle when I make the payment -- an important consideration,
since I pay my car loan weekly not monthly, despite the bank considering
the payments due monthly -- so you could use that to figure out how the
bank is computing interest. My bank computes it from the date of the last
payment, so I get charged a week's worth of interest per payment.

On Mon Feb 23 2015 at 11:12:29 PM Andy Pastuszak <apastuszak at gmail.com>
wrote:

> Visited the bank. They will not give me an Amortization table for a car
> loan, only a Mortgage.
>
>
>
>
> Andy
>
>
>
> —
> Sent from Mailbox
>
> On Mon, Feb 23, 2015 at 11:05 PM, Alice Lee <alee212007 at satx.rr.com>
> wrote:
>
> > Get a copy of the amortization schedule from your loan institution.  That
> > way you not only keep your records straight, you can make sure that they
> do
> > not make an error. This is important especially if you decide to pay
> > additional principal on the loan.
> > -----Original Message-----
> > From: gnucash-user
> > [mailto:gnucash-user-bounces+alee212007=satx.rr.com at gnucash.org] On
> Behalf
> > Of YeOldHinnerk
> > Sent: Monday, February 23, 2015 8:37 AM
> > To: gnucash-user at gnucash.org
> > Subject: Re: Budgeting and loans
> > Ok, but the loan part works out for you? That is, the amounts of chg in
> > principal and interest due vary over time and it fits the amortisation
> table
> > by your bank?
> > I'm afraid I have no good news on the budget side. The interface for
> budgets
> > allows only for manual entries of reusing previous entries. There is
> nothing
> > that plugs into the scheduled transcation interface , formulas or even
> > import of values. You could calculate the values in your favorite
> > spreadsheet and enter them manually into your budgets...
> > Best,
> > YeOldHinnerk
> > --
> > View this message in context:
> > http://gnucash.1415818.n4.nabble.com/Budgeting-and-loans-
> tp4676317p4676343.h
> > tml
> > Sent from the GnuCash - User mailing list archive at Nabble.com.
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