How to Use to Pay Off Debt

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Over the years, I’ve come across many apps claiming to help you pay off debt faster. They’ll transfer money from your account and “do the work for you,” but do they really help?

I’ve always been skeptical about such claims until I ran across a relatively new app called I was curious on how to use to pay off debt, so I tried it out.

It’s a platform that helps you manage paying off your debt by providing a free online debt snowball calculator, progress reports, and payoff plan options.

To be quite honest, it’s what I wish I had built for myself, but obviously don’t have the coding skills to do. (I created debt payoff printables instead ?)

Well, I’ve tried it and I think it’s well worth the hype!

The truth is, though, that nothing actually gets you out of debt faster than your own grit and dedication. But, along the way, you should be able to use systems to make the process more efficient and transparent.

I believe that does a great job of bringing transparency to the debt payoff process that’s important to paying off your debt faster.

Let’s explore how the site works.

Related Posts: Snowball Calculator

There are a few cool features that I really like about The first is its debt snowball calculator tool.

In a nutshell, it’s where you pay off your debt in order from smallest to largest. As you pay off the smaller debts, you’re able to build momentum that will enable you to pay off each debt quicker than the last. has a free tool that you can use to calculate exactly how long it will take for you to pay off your debt based on the extra amount that you put toward it each month.

Here’s a look at how it works:

First, you’ll select your debt payoff method– in this case, the debt snowball.

There are other methods available on the tool, such as the debt avalanche, but I’ve chosen the snowball method because that’s what I prefer.

Next, you’ll select which month you’ll start your extra payment. And, lastly, you’ll enter in how much you can afford to pay toward that debt each month.

The definition of the debt payoff budget isn’t exactly clear, so it took me a few tries to figure out that it is the total amount that you will pay each month– meaning the minimum + whatever extra you can afford to pay.

I later found this explanation on the site.

You’ll list your first debt in the row provided; however, you can add as many rows as you’d like for different debts to see when you’ll ultimately be done paying off your debt.

It’s important to note that the interest rate should be entered as a decimal and not a percentage.

Once you’ve entered in all of your debts, hit go!

Understanding your Results

After you hit go, the magic happens! creates a debt payoff chart that shows you exactly how much you should allocate toward each debt every month and when the debt will be paid off.

Think of it as your debt amortization chart.

Comparing your Payoff Plan

In addition to giving you an easy-to-understand and easy-to-use debt payoff schedule, also provides a comparison of the total amount paid, interest, and time using the debt snowball versus just paying the minimum amounts.

And, if reading the chart is a bit too much for you, they also provide a summary and graph of your projected payoff date for each debt.

What’s great about it is that you can use this tool without even having an account! You can find it here.

How to Use to Pay Off Debt

Of course, there are more features available once you have an account. Let’s explore the amenities of the free account.

Signing Up

Click here to sign up!

When you first sign up for a free account, you’ll be prompted to fill out the basic information. However, there will be one field that seems odd. That’s the monthly budget field.

After attempting to not fill it out, I discovered that it’s necessary for the tool to determine how much extra you’ll be paying a month on your debt. It’s the same “total debt payoff budget” number from before.

For now, you can put in an estimate. But, if you want to put in an accurate number, I suggest reading my How to Create a Budget blog to figure out exactly how much extra cash you have in your budget to put toward debt.

If you forget that when you’re registering, just hit the ‘Confused?’ button and it’ll explain it again.

Once you’re registered, you’ll be taken to your personal dashboard, where all the fun begins! Don’t freak out when your dashboard is all naked! I’ll walk you through how to add your accounts.

What the FREE account offers

As you might imagine, there are some limitations to the free account.

You will not be able to access a lot of the other cool features, like Bill Management, text payment reminders, and monthly reporting.

Here is a side-by-side comparison of the paid vs $12/year premium account.

To be quite honest, $12 really isn’t bad for what seems to be a very robust personal finance accounting system. In fact, they have a 30 Day Free Trial that doesn’t even require a credit card!

Nonetheless, if your focus is just paying off debt, the free account is still well worth it!

Final Thoughts is definitely what I wish I had when I was paying off my debt, but something that I’m glad I found. Nonetheless, I’m glad that I could share how to use to pay off debt with you! It really is an amazing tool.

I’ll be using it to help track my mortgage payoff!

I really appreciate the ease of using this tool and the visuals that it gives. If you can just see your progress toward paying off debt, it’ll make the journey so much easier.

If you’re looking for an easy way to track and manage your debt payoff, this is the tool…hands down!

And, if you’re a YNAB user, it’ll also integrate with your account.

If you’re tried, let me know! I’d love to hear about your experience.

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