How do I budget for paying off debt?
We recommend that you create a custom subcategory to track your progress, such as Bills & Utilities: Credit Card Payoff. This will allow you to see in Spending and Budgets how much you have spent toward paying down that debt. If you must use your credit card while you are paying it off, you can split the transaction between Transfers: Credit Card Payment for the portion that pays back what you spent, and Bills & Utilities: Credit Card Payoff for the amount that will be applied to the previous balance. If you also want to track separately how much of your credit card payment is applied to interest vs. what you owe, see next question on How do I account for interest paid on a loan?