Step 2 is where you list every debt. The minimums you enter here flow into Debt Payoff and the zero-sum counter.
3 min read
Debt Minimums is the single source of truth for every required debt payment you owe. Each row captures four fields: name (e.g., "Visa 3421"), current balance, interest rate (APR), and minimum payment. Add one row per debt using the "Add debt" button.
The minimum payment you enter here is automatically carved out of your income in the zero-sum header. Step 10 (Debt Payoff) then uses it as the floor — anything extra you allocate becomes the Snowball or Avalanche payoff amount on your priority debt.
Heads up
If your minimum payment is lower than the monthly interest accrual, the app flashes a warning on that row. That debt will grow even if you pay the minimum. See the "minimum doesn't cover interest" article for what to do.
Tip
Skip mortgages here unless you intentionally want to track the payoff balance. Treat the regular mortgage payment as shelter in Step 3. Debt Minimums is mainly for consumer debt: credit cards, student loans, car loans, and personal loans.
Step 10 lets you choose Snowball or Avalanche. Both use the same monthly budget — only the order of attack differs.
The Emergency Fund step sets your emergency fund target and tells Payday Audit how much to allocate each income deposit.
Step 9 helps you track workplace investing and employer match amounts that are already handled before your take-home income arrives.