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Click to expand.I'm using Money 2006 Deluxe and I use this method until I understand Money enough to do something more complex. Microsoft word. I created a Loan account and set the loan amount to the current amount of my 401k loan. I have been paying on this for over a year. So there was no since using the full amount I took out. My next paycheck I enter a transaction for the total amount that I have deducted for my 401k Loan payment. I then go into the split categories screen and enter my loan interest as a second category and also enter it in as a negative amount.

I then use the loan payment minus interest as what is showing as the principal payment. Logo software for windows. I do this for my student loan and house payment too. I'm using Money 2006 Deluxe and I use this method until I understand Money enough to do something more complex.

I created a Loan account and set the loan amount to the current amount of my 401k loan. I have been paying on this for over a year. So there was no since using the full amount I took out. My next paycheck I enter a transaction for the total amount that I have deducted for my 401k Loan payment. I then go into the split categories screen and enter my loan interest as a second category and also enter it in as a negative amount. I then use the loan payment minus interest as what is showing as the principal payment.

I do this for my student loan and house payment too. Click to expand.One other thing I forgot to add. In money if you are all ready tracking your 401k you are going to have to make some adjustment, because now your 401k is going to be less the loan amount. I started using money after I had taken out the loan so my 401k amount all ready reflects that missing amount. When I looked back at my statement money was taken from various funds for the loan.

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