Chapter 12
Other People’s Money
In This Chapter
Tracking loans, mortgages, and other debts
Setting up liability accounts
Calculating the principal and interest portions of a payment
Recording loan payments
Handling mortgage escrow accounts
Adjusting principal and interest breakdowns
Scheduling automatic loan payments
A while back, a popular financial self-help writer used to argue that one of the secrets to financial success is using other people’s money: the bank’s, the mortgage company’s, the credit people’s, your brother-in-law’s. . . . You get the idea.
Me? I’m not so sure that using other people’s money is the key to financial success. Borrowing other people’s money can turn into a nightmare.
Quicken can help you here. No, the folks at Intuit won’t make your loan payments for ...
Get Quicken 2014 For Dummies now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
