"TeeSea;c-17899637" wrote:
"Bluegayle;c-17899607" wrote:
I probably just haven't had enough coffee but how do you pay the loan off? Are you basing it on bills then using lot tax as a pymt? Then manually keeping track?
I was thinking of something simpler as in keeping the money in a safe from Get Famous until you have enough to pay it in full or just keep letting it pile up in your pockets.
If you’re the type of person who likes spread sheets you can work out a loan repayment plan so you know just how much you need to make in order to pay it off by a certain generation. It’s all up to you on how you repay it and how you keep track of it.
I’m going to add the total amount of repayment for each level so you know the full amounts.
Now if you are asking me how I based my challenge rules as far as the amount of interest is based off life. If you pay a loan off too early you can still have to pay the interest amount for the rest of the term of your loan or asking for a no penalty for early repayment loan you will be charged more interest. So it’s balancing out the too early and just early enough for increased credit rating. Also to add a little more of a decision making and planning to the challenge.
I suppose, if cheats aren't disallowed, the money cheat in reverse could be handy, too. Instead of getting the money, I believe you put a - sign in front of the amount and that will remove the desired Simoleons from the household fund. Somebody please correct me, if I'm wrong. I use the SNB & Bills mod from SimRealist. This allows for each member in the household to keep track of their own earnings. Easier than the Safe, which I was using previously. Also, my celebrity Teen now has an Agent, so he's able to 'send' money to this other Sim, too. 10% of his concerts/photoshoots and now his acting earnings. :) Samuel Simms is one content Agent. He's making a tidy sum off of my very young Global Superstar. To calculate the mortgage payment, simply decide at what rate of interest your Sim got their loan for and times the lot amount by let's say 1.9%. Rates are pretty darned low these days. So a lot that's valued at §385,000 at 1.9% interest would be §7,315 a month. Then it's just a matter of deducting that amount from the original lot's value and when you've reached it, it's time to burn the mortgage! Yay, and don't forget to throw a party!