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Quicken Budgets & Loan Accounts

Does anyone know how to get Quicken to budget properly for a loan account? That is, if you actually set up an amortized loan, how do you get Quicken to budget for the interest and principal as a single payment? I’m using Quicken Premier 2007, and it seems like there is no way to track a loan as a loan, but also budget for it as a single item.

Does anyone know if more recent versions (2008, 2009, or the coming-next-week 2010) handle budgets and/or loans more efficiently?

Thanks!

This entry was posted on Monday, October 5th, 2009 at 8:48 am and is filed under Miscellanea. You can follow any responses to this entry through the RSS 2.0 RSS feed. You can leave a response, or trackback from your own site.

2 Responses to “Quicken Budgets & Loan Accounts”

  1. Quicken Premier 2009 | Ed Cottrell Says:
    October 6th, 2009 at 12:24 pm

    [...] « Quicken Budgets & Loan Accounts [...]

  2. Mint | Ed Cottrell Says:
    October 18th, 2009 at 12:05 pm

    [...] issues that had concerned me included Quicken’s kludgy handling of interest versus principal for budgeting loan payments and its inability to connect to my student loan servicers.  I could use Mint in the same way I use [...]

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