Loan Payoff Progress and Graph
M
Muhammet
Would be helpful to be able to see the progress on loan accounts:
- Interest Paid so far
- Next Interest Payment
- Interest Graph
- Principal paid so far
- Upcoming Principal payment
- Principal graph (should be in the same graph as interest graph)
And maybe automated suggestions on how to pay less interest in the loan by suggesting higher principal payment options.
Something similar could be done for credit cards too maybe but would be great for mortgage, car loans and other loans.
Part of budgeting is understanding debt and managing it better.
M
Mat
The ability to simply manually edit the account cards with additional information in different areas of the card like for instance % rate would be helpful. Or even better would be pulling in interest paid # for the year. Helpful to target debt reduction efforts.
D
Daniel
This sounds amazing! Love this idea
R
Ryan Grebe
Either seperate from Savings Goals or integrated as a goal to pay off a loan or debt this is a must!! Please work on this it would be so helpful! I think Simplify allows you to use one savings account and allocate different goals within it so you can stay organized.
A
Andrew
A simple step towards this would be adding the interest rate to the current summary. Even if it is a manual entry. It would help us prioritize some of the debt payoff or see the interest on various savings so we could rebalance it.
J
Joseph
A loan payment plan to attack debt would help so many people.
S
Sammy
Yes. This would help greatly, seeing that paying off a loan is how you get your finances under control.
K
Kayla
please please please!
A
Alonna
Yes! This please.
I
Ivan
This could be similar to the savings goal. Same concept as having a loan you’re paying back vs a loan you’re paying to you’re self little by little for a big goal Might be away to get a twofer with one set of code..
A
Adam
Amortization schedules for loans and due dates, interest only loans, etc would all be great!!! I have 3 properties on owner financing, 2 are interest only, and all three have balloons in like 10 years.
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