Manage money owed toward an asset

If you've added an asset to the Net Worth page, you may want to manage the debt owing to the asset. For example, a home loan for a house 🏠  or a loan for a car 🚗

You can manage multiple debts for a single asset. New asset: If you want to manage the money owing on an asset at the time you are first adding the asset, select Yes to the question Do you want to manage money owed on this asset? Existing asset: To manage money owing on an existing asset, select the asset from the Net Worth page and then select Manage money owing from the left menu. Then click Save.

Select whether the money owed is already represented by an account in Pocketsmith or if you want to create a new debt in your Net Worth:

If you select From an existing account in PocketSmith, you will be able to choose the account to link from the drop-down list. You can link a single asset to multiple accounts:

If you select To be tracked as a debt, you will be able to enter the name of the debt, the amount of the debt, whether it is a Loan, how often the interest is paid and the annual interest rate on the debt:

When you have added the linked account or debt, click Save.

For more information on managing assets in PocketSmith, please see: Managing your assets: An overview.