How? Add an asset to my financial plan
Add assets to your plan that you currently own as well as those you plan to buy in the future.
2 Click Add Asset.
What types of assets should I add to my financial plan?
Include assets that have a large effect on your net worth, can be liquidated to pay for expenses, and appreciate in value. DonÆt include less expensive items (such as furniture) or goods that depreciate over time. Since cars depreciate over time, you may prefer to add them as expenses. To do so, go to College & Other Expenses (in Lifetime Planner).
Assets can provide you with a current or future income or expense that you have to account for (such as a mortgage payment or property taxes). Also, assets give you a source for loan collateral that you can use to fund your life goals. If you donÆt sell an asset, youÆll see how it affects your future net worth and how much it will be worth to your heirs.
Why should I link an asset to an account?
When you enter an asset, Money lets you use an account for tracking the value of the asset. This is generally a great idea, since it allows you to avoid entering information twice, and makes it easier to keep your plan up to date.
How do I enter assets I plan to leave to my heirs?
Create an asset in your financial plan, but donÆt enter a sale. Your financial plan includes an estimated size of your estate.