Budgeteer Pro for iPhone is here. Download on the App Store
BudgeteerPro

← User guide

Debt

Cards and loans with real rates, and payoff plans that compare honestly.

Try it step by step

These steps describe the web app. iPhone controls may differ.

  1. Open Debt and add or inspect each card or loan’s balance, APR, minimum payment, and due date.
  2. Correct outdated values before comparing plans.
  3. Compare avalanche and snowball with the same payment assumptions.
  4. Record payments and recheck the projection as balances or rates change.

Worked example

With a $1,000 debt at 24% APR and a $500 debt at 12%, avalanche prioritizes the 24% debt; snowball prioritizes the $500 balance. Both still require minimum payments on the other debt.

Check before you continue

Payoff dates and interest are estimates. New charges, fees, rate changes, or missed payments change the outcome. Recording a payment here does not send money to a lender.

With only one debt, the two strategies can produce the same result. Extra payments can still change the timeline.

Tracking debts

Add credit cards, loans, and mortgages with balances, APRs, and minimum payments. Fields you enter by hand always take precedence over imported data.

Payoff strategies

Avalanche (highest rate first) and snowball (smallest balance first) side by side, with your debt-free date and total interest under each.

Recording payments

Log payments against each debt to keep balances current and watch the projected payoff move.