No. of Recommendations: 1
Hi ShouldKnowBetter,

I was surprised by your initial post as I thought the ONLY way to pay a loan was to set up scheduled payments. Those payments are very close (not perfect) to matching my bank's way of amortizing payments and at the end of the year, I make an adjusting entry to true up the Quicken balance and the bank balance.

This takes me all of 30 seconds to execute every month and this works for me very nicely. Quicken tracks principle and interest (pretty close to the lender) also feeds tax and lifetime planning, etc. It is nicely integrated across the product.

Go ahead - give it a try. Please do NOT make this a reason to NOT upgrade. It'd be pretty painless!

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