Congratulations on getting rid of that weight on your shoulders! Yea! Now, it's time to update your debt snowball to better represent that progress:
- Click "Update Progress" for the debt you've paid off
- Put 0 in the New Balance field that appears (you’ll see the “This debt is paid off" box get checked automatically)
- Click "Save" and celebrate the progress you are making! The debt snowball will automatically update the amount you were putting toward that debt to your Extra Monthly Payment field at the top of the page so you can continue that momentum into your next debt.
Once a debt is paid off it will automatically fall off of your EveryDollar budget if you are syncing the accounts. The debt will disappear the next time you create a new month's budget in EveryDollar.