Cards, loans and the payoff math

Listing what you owe isn’t a verdict on how you got here. It’s the tending of what’s yours to tend, and you can’t tend what you haven’t counted.

Much of the counting happens for you. Cards and loans at a connected bank come in on their own, usually with their balance, rate and minimum payment. You add anything else as an account. That might be a private loan, a card we can’t connect, or money you owe a person. Go to Accounts → Add account → Add manual account, then pick the kind of debt it is. There’s no separate “add a debt” step, because a debt is just an account you owe money on. Once it has a balance, it shows up on Debt Payoff.

What to check on each one

Your bank doesn’t always share a rate, and the payoff math is only as good as the rate it has. Open each debt and check the APR and the Minimum due. These are the two numbers that decide the date.

A 0% card is not free forever

If a card is on a promotional rate, open Promotional rate. Fill in Rate ends and Reverts to, the rate that takes over. If you leave them blank, the app treats today’s rate as permanent. Your debt-free date then quietly ignores the jump in rate.

Store cards often go further. The promotional interest is waived only if you pay the balance in full in time. If you don’t, all of it is charged at once. If yours works that way, check Deferred interest. The plan then counts that whole charge instead of pretending it can’t happen.

Then look at the date

Debt Payoff shows the month you finish, and Home and Accounts show the same one. Hold that date loosely. It isn’t a scoreboard; it’s a horizon. Every debt you pay off frees money that was spoken for. And money set free is money you can be generous with. To decide how much more you can send, shape your payoff plan. Try a different order or a bigger extra first, which costs nothing. Then save the one you mean.

When a debt is paid in full, it leaves the Debts table and goes into the Trophy Case. There it shows how much you paid off and what it freed up each month. On Accounts, a paid-off loan or pay-later plan shows the day it was paid off. That takes the place of its minimum and due date.