Add every loan and balance you owe, and PiggySize rolls it into your net worth, groups it by type, and tracks whether it's revolving or installment, secured or unsecured.
Steps
- Go to Debts (opens in a new tab) and select Add Debt.
- Choose a category. The dropdown shows friendly names; PiggySize stores
and displays a shorter name afterward (dropdown label → stored name):
- Credit Card
- Home Loan (Mortgage) → Mortgage
- Car Loan (Auto Loan) → Auto Loan
- RV / Boat Loan
- Student Loan (Education) → Student Loan
- Personal Loan (Unsecured) → Personal Loan
- Business Loan (SBA/Term) → Business Loan
- Line of Credit (HELOC/LOC) → Line of Credit
- Medical Debt / Hospital Bills → Medical Debt
- Other Debt / Loan → Other Loan
- Enter the balance and What's the interest rate?
- If it's a credit card, enter What's your credit limit? — this field only appears for credit cards, not lines of credit.
- For most other categories, enter How long is the loan? (in months or years) and use I know when this loan... to enter when it started or ends. PiggySize calculates whichever date you didn't enter.
- If it's a mortgage, auto loan, RV/boat loan, line of credit, or other loan, use Link to Property / Link to Vehicle / Link to Asset to connect it to what it's securing — this is what lets PiggySize calculate your equity on that asset.
- Link the bill that covers this debt, under Monthly Payment (or Annual Fee (if applicable) for credit cards). This is optional, and it's the only place a payment amount comes from — there's no separate minimum-payment field on the debt itself.
- Set Asset Owner if more than one person shares the debt, then select Add Debt to save.
How it works
- Revolving vs. installment. Revolving debt (credit cards, lines of credit) has a balance that rises and falls as you spend and pay it down. Installment debt (mortgages, auto loans, student loans, personal loans, and the rest) is amortized — each payment is split between interest and principal on a fixed schedule until the balance reaches zero. Switch the Debts page's Group By to Revolving / Installment to view your debts this way.
- Secured vs. unsecured. By default, debts are grouped into Credit Card, Secured Debt, and Unsecured Debt. Secured debt (mortgage, auto, RV/boat loans) is backed by property the lender can take if you stop paying. Unsecured debt (student, personal, business loans, medical debt, and most lines of credit and credit cards) isn't backed by specific property.
- Payment comes from the linked bill. Because there's no stored minimum-payment field, PiggySize uses whatever bill you linked as the payment everywhere — payoff-time estimates, insight cards, and Piggy's debt payoff plan.
Good to know
- Medical Debt has no linked-bill option — you can still track its balance and rate, just not a payment link.
- Business debts are added from a business's own Debts tab, not this page — that's a Pro feature.
- You can edit or delete a debt any time from the Debts page.
FAQ
What debt categories does PiggySize support?
10: Credit Card, Mortgage, Auto Loan, RV/Boat Loan, Student Loan, Personal Loan, Business Loan, Line of Credit, Medical Debt, and Other Loan.
What's the difference between revolving and installment debt?
Revolving debt (credit cards, lines of credit) has a balance that goes up and down as you spend and pay it off. Installment debt (mortgages, auto loans, student loans) is amortized — fixed payments until the balance hits zero.
How do I track my minimum payment?
PiggySize doesn't have a separate minimum-payment field. Link the bill that pays this debt, and that bill's amount is the payment used everywhere in the app.
Can I link a debt to what it's paying for?
Yes, for Mortgage, Auto Loan, RV/Boat Loan, Line of Credit, and Other Loan — use the Link to Property/Vehicle/Asset field to connect it to the asset it's securing.
What's the difference between secured and unsecured debt?
Secured debt is backed by property the lender can take if you stop paying, like a mortgage. Unsecured debt isn't backed by anything specific, like most credit cards and personal loans.