View Plan opens the War Plan. Avalanche pays the highest-interest debt first, so you pay the least interest; snowball clears the smallest debt first, for quick wins. Drag the slider to add extra each month: in my example, $100 more gets me debt-free 9 months sooner. The free plan tracks up to 3 debts.
Paid features shown: none. Recorded on a Premium account. The free plan includes up to 3 debts. Features and pricing can change; check the app for current details.
Transcript
0:00 Your debts and debt-free date
In this video you'll track a debt, log a payment, and see how much sooner you could be debt-free. Tap Profile, then Debts.
This is Dungeon Raids, your debts. At the top is your total debt and your debt-free date. My credit card is already here. Tap plus to add a loan.
0:20 Add a loan
First, how much you owe right now. My car loan has $3,000 left. Tap Continue.
Give it a name, and pick the debt type. A car loan is a general loan. Then set the day the payment is due, the 5th.
0:39 Interest rate and monthly payment
Now the plan. Turn on Track installments to add the details. Mine is 24 payments, at 6% interest.
Enter the monthly payment, $133, then tap Create debt.
The car loan is on the list. The total and the debt-free date update right away.
1:00 Log a payment and see your history
When you make a payment, tap Pay Debt on the loan. The monthly payment is already filled in, coming from my bank account. Tap Pay.
The loan went down, and the top now shows how much of it you've paid back.
Tap the three dots, then Battle Log, to see every payment on this debt.
1:23 Avalanche vs snowball and extra payments
Go back and tap View Plan. Avalanche pays the highest interest first, so you pay the least interest. Snowball clears the smallest debt first, for quick wins.
Drag the slider to add a little extra each month. With $100 more, I'd be debt-free 9 months sooner and save on interest.
On the free plan you can track up to 3 debts. Next in Plan Your Money, we'll read your spending reports. Links to download Hunter Vault are in the description.
