Overview
Assets are the half people enjoy adding up. Liabilities are the half that gets skipped, and skipping them makes the total meaningless. Mortgages, student loans, credit cards, auto loans, personal loans, and anything else you owe belongs here at its current balance.
How We Built It
We treat liabilities with the same weight as assets rather than tucking them into a footnote. They sit directly opposite what you own on the dashboard, at the same size, in the same type. A number you have to hunt for is a number you will eventually stop looking at.
How It Works
- List What You Owe
Mortgages, student loans, credit cards, auto loans, and any balance sitting with a lender or a family member - Use Current Balances
Enter what is outstanding today, not the original loan amount or the monthly payment - Pair Debts With Assets
Keep the mortgage next to the home and the auto loan next to the car so each one reads in context - Watch Them Fall
Update after each payment cycle and the trend line does the rest of the work
Benefits
Nothing hidden in a secondary tab
Balances grouped by type of debt
Enough detail to work out a debt to asset ratio
Progress you can actually see month to month