About the property & debt features in Quicken
Tracking your bank and investment accounts helps you manage your cash flow, but it doesn’t show your full financial picture. Quicken’s property and debt features help you track what you own and what you owe—giving you a clearer view of your net worth.
Why track property and debt?
Your net worth is the total value of your assets minus your liabilities. To calculate it accurately, you need to track not just liquid accounts but also assets like real estate and vehicles, along with related debts like mortgages and loans.
Use cases:
You want to include your home’s value and mortgage balance in your financial summary.
You’ve purchased a vehicle and want to track its depreciation alongside your auto loan.
Example: Tracking a house and mortgage
When you create a House account, you can:
Record the property’s original purchase price or current value
Track equity growth over time
Link it to a mortgage loan account to monitor payment history, balances, and interest
This setup provides visibility into how much equity you’ve built and how much interest you’re paying—information that also feeds into the Tax Planner.
Using debt features for planning
Quicken’s Debt Reduction Planner can help you find efficient ways to pay down loans and credit cards by modeling payoff scenarios. This helps you make more informed decisions about where to allocate extra payments.
Long-term visibility with Lifetime Planner
When used with the Lifetime Planner, your property and debt accounts provide key inputs for long-term financial forecasts. You’ll see how your assets and liabilities evolve over time and how your current decisions affect your future financial health.
Automatic net worth updates
Every time you enter a transaction—whether it's a loan payment, property value update, or asset adjustment—Quicken recalculates your net worth. You can view your net worth at any time and see how it changes day by day.