<klink type="cncpt">Tell me about asset accounts</klink>
</index>
<content>
<p>Most people start using Money to track their checking and savings accounts and their investments. However, you can get a more complete financial picture by tracking your other major assets as well. You can create an asset account for each major asset, such as your house, car, boat, or real estate holdings. You enter the asset's original value or cost, record increases or decreases to the asset's value, and specify an associated loan, if applicable.</p>
<p>For example, suppose you create an asset account for your house. You enter the amount you paid for it. Later, you spend $3,000 on a deck. Instead of showing the $3,000 as an expense for one month, the $3,000 increases your home asset account. A year later, housing prices have risen in your neighborhood, so you make an adjustment in your account for capital appreciation. Using this method, you track your net worth more accurately, which helps you plan your financial future.</p>
