Thanks for the responses! So it sounds like your monthly payments look
something like:
2021-03-06 foo
liabilities:mortgage:principal $ -X
expenses:interest $ -X
assets:checking
I'm having trouble figuring out what the initial house purchase entry
should look like, though. Did you create something like an "assets:house"
account with 1 house in it? Or did you balance against "equity:house" or
something else?
2021-02-06 someone
assets:house 1
house
liabilities:mortgage $ -X
assets:checking $ -X
Thanks!
On Mon, Feb 8, 2021 at 2:42 AM Alan Schmitt <alan.schm...@polytechnique.org>
wrote:
> On 2021-02-06 23:31, Yuri Khan <yuri.v.k...@gmail.com> writes:
>
> > On Sat, 6 Feb 2021 at 22:46, alex.b...@gmail.com <alex.bran...@gmail.com>
> wrote:
> >
> >> How do people track their housing/mortgage/interest in ledger? Do you
> recommend just a simple "Expense:Mortgage" account or a more micro level
> with e.g. "Expenses:Interest:Mortgage" and "Equity:House" for the
> interest/principle?
> >>
> >> Any and all thoughts/tips/tricks welcome, thanks!
> >
> > I did pretty much that. The principal is a Liabilities subaccount though.
>
> I do the same thing: I have a Liabilities account were the loan was
> initially deposited (which balanced getting the cash in my account) and
> an interest Expenses account. Each monthly payment is dispatched between
> the two, slowly decreasing the Liabilities that remain.
>
> Best,
>
> Alan
>
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