give your self a loan

masakiyo
masakiyo Unconfirmed, Member ✭
in Registers & Transactions (Windows)
give your self a loan from your savings account and set up a monthly payment back to yourself with interest like maybe 10%or 5.6 % :) but still, make my regular saving payment
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Comments

  • Quicken_Natalie
    Quicken_Natalie Moderator mod
    Hello @masakiyo,

    Thank you for taking the time to visit the Community and post your inquiry.

    What version/release of Quicken are you using? Also, to further understand the issue, is what you described here something that you are looking to accomplish in Quicken?

    Please let us know so we can best assist!

    -Quicken Natalie

     
  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    All that I'm seeing in this request is a Withdrawal from the savings account and a payback schedule in addition to any regular payments.
    Unless the OP want's an amortized payment, I'd just do this with a scheduled transaction.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Seven Out
    Seven Out Member ✭
    I am attempting the same thing. The challenge is how to track the balanced owed. For example, I have 50K in a savings account and I use 24K to purchase a vehicle. When I pay myself back, I'd use my checking account to transfer the monthly payment back into my saving account, but I'd like to track the remaining balance of the "loan" too. Essentially, is there a way for a single transaction to affect three accounts? Credit the Checking, Debit the Savings, reduce the Loan balance.

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