Add Liabilities

How to add and track debts like mortgages, auto loans, student loans, and credit cards in your Forbidden Finance net worth.

Overview

Tracking your liabilities alongside your assets gives you an honest view of your net worth. Forbidden Finance lets you add mortgages, auto loans, student loans, personal loans, credit card balances, and other debts. Each liability subtracts from your total assets to calculate your true net worth. As you pay down debt, you see your net worth rise even if your assets stay the same.

This feature is available on Pro and Premium plans.

Forbidden Finance does not provide financial advice. These tools are for informational purposes only.

How to Add a Liability

Open Net Worth

Navigate to Net Worth & Assets from the main menu. Tap the Liabilities tab, then tap + or Add Liability.

Choose the liability type

Select from: Mortgage, Auto Loan, Student Loan, Personal Loan, Credit Card, or Other.

Enter the details

Fill in the information for your debt. The fields vary slightly by type, but common fields include balance, interest rate, and monthly payment.

Save

Tap Save. The liability is immediately subtracted from your net worth.

Liability Types and Fields

Mortgage

Lender name — The bank or mortgage company.
Outstanding balance — The remaining principal on the loan.
Interest rate — Your annual interest rate.
Monthly payment — Your regular payment amount.
Original loan amount — What you initially borrowed (optional, for tracking payoff progress).

Auto Loan

Lender name — The financing company or bank.
Outstanding balance — The remaining balance.
Interest rate — Your annual rate.
Monthly payment — Your regular payment amount.

Student Loan

Loan servicer — The company managing your loan.
Outstanding balance — The remaining balance across all loans with this servicer, or add each loan separately for more detail.
Interest rate — The rate on this loan (or weighted average if combining).
Monthly payment — Your regular payment amount.

Personal Loan

Lender name — The bank, credit union, or lending platform.
Outstanding balance — What you still owe.
Interest rate — Your annual rate.
Monthly payment — Your regular payment amount.

Credit Card

Card name — The name of the card (e.g., "Chase Sapphire," "Citi Double Cash").
Outstanding balance — Your current balance. If you pay in full each month, you can set this to zero or update it periodically.
Interest rate (APR) — Your card's annual percentage rate.
Minimum payment — The minimum required payment.

Other

Description — What the debt is for.
Outstanding balance — What you owe.
Interest rate — The rate, if applicable.
Monthly payment — Your regular payment amount.

Keeping Balances Up to Date

Liability balances can be updated in two ways:

Connected accounts — If you have connected a credit card or loan account through Plaid, the balance syncs automatically based on your plan's sync schedule.
Manual updates — For liabilities not connected to a bank, update the balance periodically. Tap the liability, enter the new balance, and save. A good cadence is monthly, after you receive your statement.

Each balance update is captured in your net worth snapshots, so you can see your debt decreasing over time in the history chart.

Tips

Even if you pay your credit card in full each month, adding it as a liability with a zero or current statement balance helps you see the complete picture when a large balance is temporarily carried.

Update your mortgage balance quarterly using your latest statement. Even though the change is gradual, it adds up meaningfully over a year in your net worth chart.

Liability balances are point-in-time records. If you miss an update, your net worth history for that period reflects the last known balance, not the actual balance on that date.