Tracking your bank and investment accounts shows only part of your financial picture. To understand your total financial position, you also need to track what you own and what you owe. Use property, debt, and loan accounts to calculate your net worth—the value of your assets minus your liabilities.
Why track property and debt?
Adding these accounts helps you understand your long-term financial health and goals. For example, a House account lets you track the cost basis and monitor your equity over time. Linking a loan or mortgage account provides additional insight, including:
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Your current mortgage balance
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How much interest you've paid so far
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A clear view of your monthly payment schedule
This setup also supports other Quicken features like Tax Planner and Debt Reduction Planner.
How Quicken helps
When you link your property and debt accounts:
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Tax Planner uses mortgage interest to estimate tax liability
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Debt Reduction Planner helps you compare repayment strategies
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Lifetime Planner includes your full financial picture in future projections
Every time you update a transaction, Quicken automatically adjusts your net worth. This means you can see the long-term impact of your daily decisions at a glance.
More Information
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Sort Emergency Records by family member -
About adding property and debt accounts -
About safeguarding important information in the Emergency Records Organizer -
How do I keep my emergency records private? -
How do I create and print an Emergency Records Organizer report? -
How do I print an emergency records area, topic, or record? -
About tracking the value of my belongings -
How do I track the cost basis of my home? -
How do I track household possessions? -
Updating the value of an asset -
About managing loans