Congratulations on getting rid of that weight on your shoulders! Now, it's time to update your debt snowball to better represent that progress:
- Navigate to the Baby Steps tracker at https://www.ramseyplus.com/track/baby-step/2
- Click on the debt you paid off
- Change the balance to $0 or click the box: "This debt is paid off"
- Click "Update"
- The debt snowball will automatically add 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 you complete this step, you will notice that the newly paid-off debt appears as shown in the image below.
Now, do a little celebratory dance! Don't worry, you're not alone - we're dancing too. 🎉
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 or if you reset your current month's budget.