Question- I am loaning $$ to my parents- how to handle?
Update- Answered- thank you!!
Quick Q: I am loaning a large sum of money to my parents for a term of only 5 months as a partial bridge loan. They are buying a house now but then need to put their current house on the market. I’m not worried about the loan itself, (I have the money, my parents have plenty of money, their current house is worth more than the one they’re buying, and there was a contract with interest drawn up and signed by both parties)
What I need to know is how to handle in YNAB- the money is sitting in my on-budget, unlinked HYSA account until I wire it to them next week. How do I handle the outflow, and then eventual inflow (with interest) back into the HYSA?
Thanks in advance…