Debt goals in Money Tank are designed to give you a real, accurate picture of how your loan is reducing over time. Unlike simple budgeting tools that only track planned repayments, Debt Goals follow your actual loan balance, updating automatically as your lender applies transactions.
What affects your debt goal?
Your debt goal updates whenever your loan balance changes, including movements from:
Principal repayments — reduce your loan balance.
Interest charges — increase your balance as your lender applies interest.
Drawdowns or additional borrowings — increase your balance if you access more funds.
Fees or adjustments — such as monthly account fees, charges, or corrections.
Always accurate, always up to date
Your loan balance updates through linked bank feeds or manual adjustments you make in Money Tank.
Because debt goals use this live data, your progress is always up to date, giving you a clear view of where you stand and how close you are to your target.