After you have added your Debts to the Debt Budget Group, you will need to decide how much you plan to pay on your debts this month and enter that in the "Planned" column. We recommend just making the minimum payments on all debts except the smallest. Attack the smallest debt with a vengeance. Focus as much money as possible on that smallest debt so that you can pay it off as quickly as possible. Then roll that payment over to the next smallest, and so on.
Record each debt payment as an expense transaction for that debt. EveryDollar will reflect that payment in the "Paid Off" column, and when you copy your budget forward to next month, subtract that payment from the balance for a new lower balance each month!
However, most debts charge interest. So some of your payment is going toward interest and only a portion of your payment is goes to lowering the balance. To account for interest and fees, you can manually enter your new starting balance each month when you get your statement. EveryDollar will not calculate your interest for you.
Alternatively, you can add your interest and fees as an income transaction to the debt (we say "income" because you are adding to the debt). Here's an example: Let's say you have a $5,000 balance. You send in a $100 payment and record it as an expense transaction. But $50 in interest is also getting added to your account this month. Enter that as an income transaction for $50. Remember, income is a positive number getting added to the debt balance. A $5,000 balance minus $100 payment out of your income, plus $50 interest equals the actual balance of $4,950 moving forward.