Managing Loans and Debt
Managing Loans and Debt
Track loan balances, interest rates, and payment schedules in one place. Clear loan data helps you plan payoffs and reduce interest costs.
Add a Loan
- Select Loans and click "Add Loan"
- Enter the current balance, interest rate, and term
- Choose a payment schedule and due date
- Save the loan to begin tracking
Track Payments
Record loan payments as transactions to keep balances accurate. Extra payments reduce principal and shorten your payoff timeline.
Refinancing Updates
- Update interest rates after refinancing
- Adjust payment schedules to reflect new terms
- Add notes to document lender changes
Payoff Strategies
- Prioritize high-interest balances first
- Use windfalls to make additional payments
- Review payoff progress monthly
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