Keeping track of your construction loan payments without losing your mind

trebel73 · 2025-04-11T10:13:57Z

I've been dealing with construction loans lately, and honestly, it can get messy fast. What I do is keep a simple spreadsheet to track each draw, date requested, amount approved, and when it actually hits my account. Then I match that against invoices and receipts. It's kinda tedious but at least I know where every dollar goes. Anyone got a simpler or smarter way to handle this?

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Managing Your Construction Loan Draw Schedule

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sarah_storm

(@sarah_storm)

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"Honestly, the automation alone saved me hours...and probably a few gray hairs."

Totally relate to this! When we were building our home, I initially tried tracking everything manually—big mistake. Here's what worked wonders for me: first, set up separate categories in YNAB specifically for each construction phase (foundation, framing, finishes, etc.). Then schedule recurring reminders for loan payments and contractor invoices. Finally, link your bank accounts directly—this step alone made a huge difference. Trust me, less stress means more creativity to focus on designing your dream space...

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awriter12

(@awriter12)

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Totally agree, automation is key. I skipped the YNAB route (felt a bit overwhelming at first...) and just used a simple spreadsheet with auto-updating formulas. Saved my sanity and probably my marriage, lol. Whatever works, right?