Is it possible to have a non-monthly Debt Account?

Goodbudget’s Debt features are optimized to be used for monthly payoff, but that does not stop you from doing non-monthly payments if that’s more convenient for you! There are two issues you might run into when trying to use the Debt features with a non-monthly payment schedule. The first is that when you create your … Read more

Bonus. Add Debt Payments and New Charges to your Debt Accounts

When you use Debt Accounts to track your debt payoff progress, you’ll add debt payments using the Debt Transactions tab on the web. There, you’ll be able to add a payment transaction to decrease your debt balance, or add a new charge that will increase the amount you owe on your debt. New charges can … Read more

How do I track my car loan I’m working to pay off?

Whether you’re using the Free or Plus Version of Goodbudget, you can track as many Debt Accounts as you need, and we recommend using a Debt Account to track your car loan. They’re also great for tracking your debt payoff progress for things like student loans, and credit cards that you’re working to pay off. … Read more

How many Debt Accounts can I have?

Paying off debt is a great financial goal. Whether you’re using the Free or Plus Version of Goodbudget, you’ll be able to track as many Debt Accounts as you need to make that happen. If you’re not tracking your debt payoff progress with a Debt Account, you can learn how to do so here. See … Read more

Can I track Debt Accounts in my Goodbudget app?

Q: Can I track Debt Accounts using the Goodbudget mobile app? You’ll be able to view your Debt Accounts through the mobile apps. That way you’ll be able to see your debt payoff progress on the go. If you’d like to add a new Debt Account, or Edit / Delete your existing Debt Accounts, you … Read more

How to show your overall progress in your new Debt Account

Q: I just made a new Debt Account, but I want it to show the progress I’ve made so far. How can I do that? When you make a new Debt Account, the balance bar will start off completely full and get smaller as you make future payments. Any past progress you made on that … Read more

Pay off debt with Debt Snowball using Debt Accounts

Paying off debt is a great way to become financially stable and to make space in your budget for other money goals. The key to paying off debt is finding a system that helps motivate and encourage you along the way. The Debt Snowball method is one we recognize for its ability to build momentum, … Read more

Tracking Interest and Fees

A reality that we face is that debt will accrue interest over time. How you record an interest charge in Goodbudget will depend on how you’re tracking the debt balances. Option 1: You track your debt payoff progress with a Debt Account If you’re using a Debt Account to track your debt payoff progress on … Read more

Using Your Card While You Pay It Off

Option 1: I pay off my credit card in full every billing period… That’s great! Take a look at how you can pay off your monthly debt in full in Goodbudget. Option 2: I pay off my debt partially each billing period… Want to work on paying off your debt completely? If you’re not paying … Read more

Credit Card Payments

You can track your payments for credit card accounts you pay off in full every month, and for credit cards or other debts that you’re working to pay off. Option 1: You pay off your monthly debt in full If you’re budgeting with a Credit Card Account and you usually pay off your card in … Read more