ventoux
Dryer sheet aficionado
Utilizing Firecalc, I’m trying to model an upcoming home purchase while at the same time earning $20K in part-time income annually for the next 10-15 years.
It seems best practice to not include the Principal & Interest payment for a home purchase in the “Start Here” expenses page. I’ll plan on accounting for the addition of and eventual subtraction of the P&I with the pension and off chart spending options on the “Other Income/Spending” page.
But my confusion is how do I also account for $20,000 in part time annual income that I’ll have for next 10-15 years? As a contributor to Firecalc (access to manual spending entries) is it correct to assume that I can account for the additional $20K in annual income for the next 10-15 years via the manual spending entries, while at the same time the pension and off chart spending page will account for the house purchase?
Any thoughts, questions appreciated. Thanks.
It seems best practice to not include the Principal & Interest payment for a home purchase in the “Start Here” expenses page. I’ll plan on accounting for the addition of and eventual subtraction of the P&I with the pension and off chart spending options on the “Other Income/Spending” page.
But my confusion is how do I also account for $20,000 in part time annual income that I’ll have for next 10-15 years? As a contributor to Firecalc (access to manual spending entries) is it correct to assume that I can account for the additional $20K in annual income for the next 10-15 years via the manual spending entries, while at the same time the pension and off chart spending page will account for the house purchase?
Any thoughts, questions appreciated. Thanks.