Payoff on the free plan

The monthly budget still covers this month. Payoff is the longer plan, so you can see when cards and loans reach zero if you pay more than the minimum.

Payoff

• Payoff is in the sidebar on the web and in the side menu on the phone. On the budget page, Payoff plan sits with your debt accounts. You can open it on the free plan.
• On the web, the page opens with the total you still owe, a debt-free month, estimated interest, how much of today's balance this plan pays off, a chart of the balances by month, and each account's balance, rate, minimum payment, and payoff month.
• You can change a minimum payment on an account row, add a debt with the same form you use for a new account, and type an extra monthly payment. The extra amount updates the plan and leaves this month's budget categories as they are.
• Snowball pays the smallest balance first. Avalanche pays the highest rate first. You switch them at the top of the page. On a narrow screen, Snowball and Avalanche move into the menu at the top of the page.
• If a minimum does not cover that account's interest, the debt-free date reads "Does not reach zero," the summary chart stays hidden, and Payoff asks you to change the terms or the strategy.
• In Settings, under General, Show detailed payoff view replaces the summary with month-by-month columns, including a comparison with the other strategy. The same switch is in General settings on the phone, and it changes the web page.
• On the phone, Payoff lists each card or loan, the debt-free month, and estimated interest. You can edit the rate and minimum, set a monthly extra or a one-time extra for this month, and pick a target month and year. You can include a mortgage or leave an account out, and you can choose snowball, avalanche, or custom.

Transactions

• Syncing a linked account could list the same purchase twice when the bank had already sent the time the charge was authorized, then later filled in the authorization date. That purchase now stays one transaction.