Tom Freeman on 04 Mar, 2017 05:25 PM
Technically your principal is not an expense, its the transfer
from one asset account (bank) to your home's equity. Your net worth
does not decrease because the decrease in your bank is offset but
the decrease in your liability.
An easy way to see the total of the principal paid in any given
time period is to go to the transaction report. Edit to show only
the mortgage account and select the dates desired.
Thanks for the reply Tom,
I can see what you are saying, but this does mean that the principle part of the payment also does not show up in your budget, and since it still needs to be "payed out" from your earnings, the budget will under report outgoings by that amount. Is there some way that I have not spotted to include it in the budget.?