Aureli supports five debt types. Choosing the right one ensures the relevant fields are available and that the debt is categorised correctly in your reports.
Available debt types
Credit card
Use this for revolving credit card balances. You can optionally record:
- Interest rate — the APR on the card
- Credit limit — the total credit limit on the card
The balance you record is the current outstanding amount you owe, not the credit limit.
Mortgage
Use this for a home loan secured against a property. You can optionally record:
- Interest rate — your mortgage rate
- Property value — the current estimated value of the property
- Monthly payment — your regular repayment amount
You can also link the mortgage to a property asset to see your equity and loan-to-value ratio automatically.
Unsecured loan
Use this for personal loans, overdrafts, or any loan not backed by collateral. You can optionally record:
- Interest rate
- Monthly payment
- Loan term (in months)
- Original loan amount
Secured loan
Use this for loans backed by a specific asset — for example, a car loan or asset-backed business loan. You can optionally record:
- Interest rate
- Monthly payment
- Loan term (in months)
- Original loan amount
- Collateral description — a note describing the asset securing the loan
You can link a secured loan to the relevant asset to track the relationship in your portfolio.
Student loan
Use this for student or graduate loans. No type-specific fields beyond the standard debt fields — just record the outstanding balance and keep it updated over time.
How debts affect your net worth
Every debt is subtracted from your total assets to arrive at your net worth, after converting all values to your portfolio's base currency.
Net worth = Total assets − Total debts
Keeping your debt balances up to date is just as important as keeping your asset values current. You update a debt's outstanding balance by adding a valuation, in the same way you would for an asset.
Archiving paid-off debts
When a debt is fully paid off, archive it rather than deleting it. This preserves the history in your net worth chart and ensures the transition to zero is recorded cleanly.
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