If you assign a transaction to a debt in EveryDollar (aka make a payment on a debt), that will automatically update the balance of the debt accordingly. You may need to refresh your budget for the change to reflect properly.
However, simply entering the payment won’t keep your debts in sync with what you actually owe. Banks and creditors charge fees and interests on your debts, robbing you of your money. If you only entered the payment amount, the balance would only match until they issue their next interest charge, throwing your debt snowball out of sync. Part of each payment goes to the balance, another part goes to interest. That interest part doesn’t lower your balance.
So, in addition to tracking your payments, make sure you’re also updating the balances according to what is actually true from your debt account. If you see an asterisk next to your debt item in EveryDollar, this could be why. Updating the balance allows you to see accurate numbers that hopefully help you accomplish your goals in record time!
You can update your debt balance in Baby Step 2 of the Baby Steps tracker at https://www.ramseyplus.com/track/baby-step/2 or the Financial Peace mobile app.