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Asset Help
Entered assets can be either liquid or non-liquid
Enter your current funds, cars, houses, etc. as assets.
Currently owned assets should be "aquired" today for free
When using our service it's easiest to pretend your financial life started at this moment. Enter the debts associated with these assets starting today as well.
Financed/Mortgaged assets are both assets and debts. Enter a debt entry for them as well. (Ex. You are financing a $15,000 car. Enter the car as a $15,000 asset and as a $15,000 debt.)
Up-front paid assets are both assets and expenses. Enter an expense entry for them as well. (Ex. You will buy a $5,000 car in 5 years. Add that as a future asset and as a future expense.)
Assets are assumed to be free
If you don't enter an expense or debt entry for them, our service will act like they were a gift.
'Span' is used for limited time Asset appreciation/depreciation.
For example, some cars depreciate 50% of their value in the first 5 years before stopping. You'd still own the car, but its value wouldn't change much anymore.