Debt payments as an expense - Where to find and manage debt payments

Some expenses are created automatically by the software when certain types of items are entered into a plan. The timing of these expenses will be controlled by the timing of their parent items. For example, if you enter a debt into a plan you will notice, when visiting the Expenses > Basics screen, that a debt payment expenses is shown on screen. This expense was created automatically and is linked to the debt, meaning that when the mortgage is paid off the expense will end.

Debts: When a debt is entered into a plan a debt payment expense will be created automatically to control payments made on the debt. The payment schedule of the debt will control the duration of an unsecured debt – i.e. a debt that is not linked to a property/asset. If the debt is linked to a property/asset, the debt and the debt payment expenses will inherit the timing if the linked property. If the property/asset is sold, proceeds will go first to the payoff of the linked debt.

Debt payment expenses may also end if the debt is scheduled for payoff on the Debt screen's Advanced Settings > Payoff panel, provided funds are indeed available to make the payoff.