Tracking your debts in EveryDollar is now easier.
We've made some updates to the web and mobile app so you can be even more empowered to manage your money. We believe the best way to pay off multiple debts is with the debt snowball method. And now it's even easier to track your payoff progress for all of your debts and become debt-free even faster.
Did we mention that it’s available on both the web and mobile? Here, are some things to know and do:
1. Check all your debts and make sure they’re correct.
Any debt that you have in EveryDollar will have additional fields. Make sure you check the total balance, not just your minimum payment. Debts with a $0 balance will show as paid off.
2. Debts are listed from smallest to largest.
This is where the debt snowball method comes in. By focusing on your smallest debt first, you’ll get quick wins, stay motivated and make real progress toward your debts.
3. We’ll show you if you’re on or off track. (Premium only)
EveryDollar will let you know if your planned amounts will keep you on track. We’ll even suggest a new amount to help keep you on track if things are a little off.
4. You can adjust your debt-free date or extra payment anytime. (Premium only)
Here’s the really fun part: You can check and adjust your target debt-free date at any time, and we’ll update all of your numbers to show you how much you’ll have to pay on each debt each month. If you can put any extra towards your smallest debt, then your debt-free date gets bumped up (yay!). Just go to the Debt Snowball Tool in the web version by visiting everydollar.com. (Eventually, you’ll be able to adjust these things on mobile.)