Net Worth Correction Extension

Christopher's Avatar

Christopher

20 Dec, 2020 03:49 AM

Would someone like to develop an extension that corrects net worth for MD users who have other peoples money in their accounts, like shared mortgages or joint accounts?

Examples

  1. Take the balance of a 50/50 joint account, divide it by 2, update a designated debit account with the negative product.
  2. Sum the balances of a 3 way split home mortgage, multiply it by 2/3, , update a designated debit account with the negative product.

etc. Maybe there's other uses for an extension like this as well.

  1. 1 Posted by andy on 31 Jan, 2021 12:36 PM

    andy's Avatar

    In general, the extension should apply a scale factor (0.5 or 0.33 in your examples) for each account enabled.

    Another use is to scale net worth by tax liability (such as a retirement acct).

    Debit account is a good idea; to provide visibility into the liability rather than just seeing an adjusted number.

  2. System closed this discussion on 02 May, 2021 12:40 PM.

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