You're paying off a loan, or you clear your credit card every month when the statement arrives. You could write your debt into a money wallet as a negative balance, but then your money and your debt get mixed into the same total. A Debt wallet keeps your debt separate: what you still owe shows as a negative balance, grows as you spend and shrinks as you pay.
In five steps we show you how to open a debt wallet, enter your existing debt, record card purchases and payments, and see what you still owe. You can find the basics of adding wallets in Add, edit and delete wallets.
1
Open a debt wallet
Click the Add wallet + button on the left of the Finance screen. In the Wallet kind section at the very top of the window that opens, choose Debt; underneath it says "Loan, card debt". Give the wallet a name such as Car Loan or Credit Card, pick the currency and click Create.
The Total loan field is optional, and you can leave it empty. A wallet's kind and currency can't be changed later; if you picked the wrong one, you'll need to delete the wallet and open a new one.
The wallet starts empty. As soon as you click Create, the transaction window opens on the Expense tab with this wallet already selected. If you have an existing debt, carry on with the next step in the same window.
Wallets
New wallet
Wallet kind
MoneyCash, bank, card
AssetGold, crypto, stocks
DebtLoan, card debt
A loan or card debt. What is still owed shows as a negative balance; pay it with a transfer from a money wallet.
Wallet name
🚗
A
Car Loan
CurrencyUSD
Total loanOptional, for the paid progress bar
Sharing
PrivateSpecific peopleWhole workspace
Only you can see this wallet and its transactions.
CreateCancel
New wallet window · when you choose Debt, a note about loans and card debt appears underneath
2
Enter your existing debt
Say you're paying off a loan and $10,500 is still left. You enter this debt as a transfer, not as an expense, so this month's spending doesn't look higher than it really is.
Switch to the Transfer tab at the top of the transaction window; your debt wallet is already selected in the From wallet field. If you closed the window, click Add transaction and switch to the Transfer tab; this time you pick the debt wallet in the From wallet field yourself. In the To wallet field, choose None (untracked money), the last option in the list, and type the remaining debt in the amount field next to the tabs. The date is already set to today, so you don't need to change it.
Once you save, $10,500 shows under Debts on the Total balance card. No other wallet changes; because a transfer isn't counted as income or expense, the Expense card, your budgets and the income and expense lines of the trend chart aren't affected either.
Car loan remaining balance
Expense
Income
⇄Transfer
10,500
USD
Nov 10, 2026
Category
Recurrence
Reminder
Note
🚗Car Loan (USD) · Debt
∅None (untracked money)
SaveCancel
Ctrl + Enter to save
Existing debt · From wallet is the debt wallet, To wallet is None (untracked money) at the end of the list
3
Record card purchases
If you keep your credit card as a debt wallet, you record what you buy with the card in that wallet as an Expense. Every purchase adds to what you owe and, like your other expenses, counts toward the Expense card, the breakdown ring and your budgets.
If you get a refund on the card, enter it in the same wallet as Income; what you owe goes down by that amount, and the refund also shows on the Income card.
Transactions
Upcoming All columns
November 2026
Edit filters
Search
DateNameCategoryWalletAmountActions
Tuesday, November 10
↘Grocery shopping
Groceries
💳Credit Card
−$214.00
Monday, November 9
↗Headphones refund
—
💳Credit Card
+$125.00
Transactions table · a card purchase is recorded in the debt wallet as an expense, a refund as income
4
Pay off your debt
When you pay the statement or an installment from your bank account, you add a transfer: From wallet is the money wallet you pay from, To wallet is the debt wallet. Say your card balance is $1,615.04 and you pay $1,000 from your Checking Account wallet. When you save the transfer, Checking Account goes down by $1,000 and the card's remaining debt drops to $615.04. Your purchases were already counted as expenses, so the payment isn't counted again. Your loan installments are transfers too, so they don't show on the Expense card.
On a loan paid in installments, you don't have to enter each installment by hand. In the transfer window, open the Recurrence tab on the left and switch on the toggle; the frequency is already set to Monthly. Set the date at the top of the window to your next installment date; if you pick a date in the past, installments you've already paid are posted too and your debt looks smaller than it is. If you know the date of your last installment, enter it in the End Date field; the recurrence then stops on its own after the last installment.
Each installment turns into a real transfer row when its date arrives: your money wallet's balance goes down and your remaining debt drops. You can find the details of setting up a recurrence in How to set up a recurring transaction.
Example · a $1,000 transfer from Checking Account to Credit Card; the bank account goes down and the card's remaining debt drops
Car loan installment
Expense
Income
⇄Transfer
450
USD
Nov 15, 2026
Category
Recurrence
Reminder
Note
Recurrence
Recurrence
Monthly
—
SaveCancel
Ctrl + Enter to save
Installments · switch on the toggle on the Recurrence tab and the frequency comes set to Monthly; you can enter the last installment date in End Date
5
See what you still owe
On the Total balance card at the top of the Finance screen, the Net worth · Assets · Debts line appears under the big number. Debts is the total you still owe across all the debt wallets shown in the sidebar. On a computer, when you hover over a debt wallet in the sidebar, that wallet's remaining debt also shows as a negative amount in a small tooltip.
Total balance adds up only your money wallets; debts aren't part of that number. That's why, when you click a debt wallet in the sidebar to show only that wallet, Total balance shows $0.00; you read that wallet's remaining debt under Debts in the Net worth line. We explain how net worth is calculated in What is net worth and how is it calculated.
Total balance card · Debts is the total you still owe across your debt wallets
Sidebar · hover over a debt wallet and its remaining debt shows in a tooltip
Frequently asked questions
Should I open my credit card as a money wallet or a debt wallet?
Either works; the difference shows in your totals. If you keep the card as a money wallet, its negative balance is subtracted from your Total balance. If you keep it as a debt wallet, Total balance shows only the money you have, and your card debt sits separately as Debts in the Net worth line. If you want to see your money and your debt apart, a debt wallet gives you a clearer picture.
What happens if I pay more than I owe?
The extra you paid stays in the debt wallet, but in your net worth this wallet counts as zero debt; the extra isn't added to your net worth. When you edit the wallet, the Amount owed field shows the amount without a sign, so the extra you paid may look like debt there. If you entered too much by mistake, you can open the payment transfer from the Transactions table and correct the amount; both wallets update to the new amount.
What should I do once my debt is paid off?
If you didn't set an end date, stop the installment recurrence first. Otherwise, installments keep coming out of your money wallet as their dates arrive. In the Transactions table, find the next installment whose date hasn't come yet. If its date falls outside this month, widen the date range first; if you still can't see the row, check that Upcoming at the top of the table is switched on. Delete that row and choose Delete All Occurrences in the dialog that opens. The series is deleted, and the installments you've paid stay as transactions. Don't delete an installment row whose date has already passed; that payment would be undone and your remaining debt would go back up. After that, you can keep the debt wallet or delete it.
What happens if I delete a debt wallet?
The transactions you recorded in the wallet, meaning purchases, refunds and the transfer you entered at the start for your remaining debt, go to the trash. The payments you made from your money wallet stay where they are, and your money wallet's balance doesn't change, because that money really did leave. Stop the installment recurrence before you delete; a recurrence going to a deleted wallet also keeps coming out of your money wallet. We explain how to bring the wallet back together with its transactions in Undo your changes from History.
Do the numbers on my Overview page count my debt?
The Wallet and Balance Forecast widgets on Overview add your debt wallets to the total with their negative balances. So the Total balance in the Wallet widget and Now in Balance Forecast can be lower than the Total balance in Finance.
Which plans include debt wallets?
Pro, Business and Enterprise. On Free you use a single wallet, which is ready for you the first time you open Finance; when you click Add wallet +, a window opens telling you that you've reached your wallet limit and showing the plans.