separate expenses that don't alter the nett balance owed eg for a car loan to a friend
I would like to have the option of entering a record of money I've lent to a person that is separate to the running nett total eg for a large purchase that I've lent them money for and they are paying me back with interest that amount over time but that is seperate to everyday Bills which we do want to split and settle up in real time
Thanks for the suggestion – I’ll pass it on! For now, my advice would be to create separate groups for the different kinds of debts that you’re tracking, which lets you keep multiple balances with the same person.
Adam Friedman commented
Absolutely, it sounds like you're looking for a way to manage your shared expenses while keeping track of a specific loan arrangement. Fortunately, there are tools and platforms that can help you achieve this level of financial clarity.
One option is to consider using a dedicated expense-sharing app or platform that allows you to create separate categories for different types of transactions. This way, you can accurately track the amount you've lent to someone for a specific purpose, such as a car loan, without affecting the overall shared expenses or net balance.
Additionally, if you're interested in exploring loan options or understanding more about managing financial transactions, you might find this https://paydaysay.com/bad-credit-loans-guaranteed-approval/ resource helpful. It can provide insights into various lending solutions, especially if you're dealing with specific financial arrangements like the one you mentioned.
By using the right tools and resources, you can easily manage separate expenses, track loans, and maintain a clear financial record, ensuring that you and your friend are on the same page while avoiding any confusion.
Lily Acer commented
It sounds like you're looking for a way to keep track of money that you've lent to someone, separate from your everyday expenses. This is a common need, especially if you're lending a large sum of money or if there's interest involved.
One way to handle this would be to create a separate ledger or spreadsheet for the loan. This would allow you to track the loan balance, any interest that's accruing, and the payments that your friend makes towards the loan. You could also include a field to note what the loan was for, such as a large purchase.
As for "bad credit personal loans guaranteed approval," I'm not sure how that's related to your question. If you're looking for a loan yourself, it's important to be cautious and do your research before committing to any lender. Be wary of any lenders that promise "guaranteed approval," as these may be scams or may come with very high interest rates.
I hope this helps! Let me know if you have any other questions.
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Martin B. Smith commented
I've got a group that we're using to keep track of how my partner and I spend on a particular project, but it's not something we ever intend to pay back. If we ever make a profit on this project, we'd proportionately split the profit by what we put in.
I'd love to have a Splitwise group to keep track of what we're putting in, but I don't want to see it count towards the outstanding balance in all the summary pages. If we could mark a group as "just for tracking" or "just for fun" or something, where it isn't used to calculate overall balances, that would be excellent.
An intuitive IOU/loan feature that can cater for interest would be helpful.