A payoff date
A model cannot guarantee when the balance reaches zero.
From debt details to a clearer next step.
Moniti is being built around a simple planning sequence: understand the balances, compare repayment scenarios, and explain the next action. The outline below describes that approach.
Start with account details
A useful calculation needs balances, rates, and required payments. Promotional terms and ongoing borrowing need to be explicit whenever they are part of a scenario.
- Card A$3,00024% APR · min $90
- Card B$1,00012% APR · min $30
- and anything else that is owed
Set the payment amount
Choose a total monthly debt budget, including minimums. A comparison should make it clear whether that budget stays fixed or changes. You still need to check whether money will be available on each payment date.
$120 minimums$180 left to place
Compare like with like
Changing repayment order, increasing payments, and replacing borrowing are different decisions. Keep assumptions visible so you can tell what caused a projected difference.
Run A Run B Budget $300 $300 Order Highest APR Smallest balance Turn the scenario into a next step
A plan should explain which balance receives extra money or which terms need checking. A projected transfer is not a completed transfer, and a loan illustration is not an approval.
Put the $180 on Card A
A projected step. Nothing is transferred, approved, or paid by showing it.
Revisit the numbers when reality changes
An updated balance, payment, rate, or new purchase can change the result. Comparing actual figures with the earlier scenario helps identify when a new calculation is needed.
Start again from the figures as they are now
What a projection cannot establish
A lender’s approval
An illustration is not a decision by anyone who lends money.
A future rate
Rates can change, and a fixed example does not predict them.
Money between paydays
A monthly model cannot confirm your bank balance covers every payment.
A projected transfer is not a completed transfer, and a loan illustration is not an approval.
Questions
- Does this page mean every described step is available in the app?
- No. It explains the planning approach. Product availability and released features are not announced on this page.
- Does a plan move money for me?
- A calculation or action description is not confirmation of a bank payment or transfer.
- Where can I inspect the assumptions?
- The credit card example spells out the rate, payment timing, fees, and spending assumptions used.
- Why can my statement differ from an example?
- Lenders can use daily interest, different billing periods, and account-specific terms.