Hi I'm Vina. I've been a YNAB member for a few months, but just downloaded undebt.it. I have 10 credit cards @about $24k in debt, and I am anxious to prove to myself that I can pay it all off by Nov 2023. Definitely looking forward to the motivation from this group forum.

Hello! Just curious about using both YNAB and undebt.it. I just heard of undebt.it and am wondering if I should give it a try.

We've got a few debts that need to be paid. We could use the snowball method on a couple (IE: they have a minimum but we can pay as much as we want) then a couple that we can't do that with (IE: mortgage, car payments (I think) etc).

What's the benefit of undebt.it? Is it just a tracker?

Thanks in advance,

Lawrence

I just had a look to undebt.it - looks nice and could be another tool for a brighter future :)

BUT I have a question: I have a car loan and pay $500 per month. I added the payment to the loan in undebt.it and the loan amount was lowered by $500. But that's not the case because part of the $500 is going towards interest. So the loan amount is only lowered by let's say $400? Am I doing anything wrong?

Hello All!

Really glad I found a place and community I can talk to and share ideas and questions with! I am recently new to both YNAB and Undebt.it. I recently emailed their support to ask a question, but maybe someone here will already know the answer. As stated previously by someone already, you enter all of the credit card information, including the APR %, and it simply calculates the interest charge and applies it to the card upon due date (from what I noticed). The question I asked their support is; "what if the calculation is incorrect? I know there's a way to edit the current balance at any time, but it seems the the interest entry is not able to be edited?" The reason I am asking is because there are several instances in which a card may have different portions of the total balance on different promotional rates, and obviously I can only enter one %. Or, one card calculates interest charges one way, and another card another way. I know this seems like a small inconvenience, and with the ability to just update the current balance every time it updates on my account I can remain accurate and on track. But let's say for historical data information and tracking? Or if I simply want to remove the now required step of updating the balances to be correct each time. Anyone ever have this issue or know how I can manage to change the applied interest that is automatically calculated? Thanks in advance!

Just found this thread and was glad to see others trying this out.  I've been using it off and on since late last year.  I took a break at the beginning of the year but today, decided to manually add transactions through April (no accounts linked; all manual entry to date).  If I have a pay off plan set up, do you make payments on the account page or from the snowball page?   The math and information flow when viewing account transaction history (previous balance - pmt = new balance) doesn't add up. 

I'm considering subscribing but need to understand how the math works across sections of the site.  Do you know of any newer videos of a user who has expanded on the existing tutorials from the the developer?

Hi Everyone,

My Name is Andy, I have used YNAB since YNAB4. I just signed up for Undebt.IT.

I have two questions! 

1 - Does anyone have any suggestiongs on how to handle variable rate HELOCS?
2 - Any idea how to set up the mortgage as a Bi-Weekly payable? It doesnt give you the option! is it just a matter of putting two transactions in a month?? 

Thanks in advance for any advice! 

Hi guys! I started YNAB about a month ago and just got undebt.it organized today. I feel so excited to have a plan for day to day spending/saving AND paying down debt. I'm debating starting a journal too, as I think I would enjoy keeping myself accountable that way. Undebt.it projects that, using the avalanche method, we can have all our debt paid off by February 2031 (Car loan, Mortgage, Student Loan, old CC debt). I expect this number to change because our minimum student loan payment will go up quite a bit in September and accrue interest eventually. Also, the old credit card debt is so small that I'm likely to pay it in full by next year, but this is not reflected in undebt.it currently as it is low priority.

One of my major financial goals is to follow the budget well enough that we can afford to prioritize our tax refunds toward debt. I played around on undebt.it and found that our car payment could be paid off by April 2022 (it is a 6 year payment plan obtained April 2020) and our mortgage could be finished by May of 2028 (30 year ammort. obtained January 2017) with an extra 5,000 a year.

Truth be told, I am nervous because of my inexperience and I expect to need to adjust the plan as I get more certain of our income and expenses through YNAB overtime. Thanks for reading all this!