Step 5: track the selected plan against recorded activity each month.
On this page
Debt Payoff Path has five stages. In Payoff order (Steps 1–4), build or select a saved scenario. In Payoff Path (Step 5), start an eligible scenario and compare its Modeled schedule with recorded balances as time passes. Open Toolkit → All Tools → Debt Payoff Path to begin.
How Liabilities, Payoff Order, and Payoff Path Fit Together
The workflow has three separate jobs:
Liabilities is the factual debt inventory. It stores each tracked obligation, current balance, balance history, rate, term, and payment facts.
Payoff order (Steps 1–4) is the modeling workspace. It can start from Liabilities records or manual entries, then compare free a payment first, highest rate first, lowest balance first, your own order, and optional whole life banking paths with Modeled output.
Payoff Path (Step 5, Track monthly) is the operating plan once tracking starts. An unchanged saved plan is tracked as itself, not copied. Step 5 directly shows Step 3’s year-by-year table with dated recorded history and future months updated from the newest data; record this month below it. Missing recorded values stay unavailable. The Step 5 · Payoff Path link also opens the separate tracking page. Saving the plan you track updates its open month's unrecorded steps and later months; recorded months stay locked. It keeps the starting scenario as the fixed Modeled baseline, then records Actual balances and payments against each month.
An advisor can build a Debt Payoff Path scenario for a linked client and send it to the client's account. The client reviews the plan in Payoff Path. Opening the shared view or printable view does not start tracking.
Starting opens debt matching first. It shows how many debts will be added to Liabilities, then lets the client link each debt to an existing record or add it as new. If a linked liability's recorded balance differs from the plan, the client chooses which balance to carry forward. Each new liability needs the client's confirmation, lender, and original amount; the original amount is never inferred from the current balance, and 0 is accepted for revolving credit. creates the client-owned path from that scenario version and those choices. A plan without a modelable whole life banking layer cannot start; the client sees why and can ask the advisor to send a new plan with one.
Start Payoff Path
Until setup is complete, the Payoff Path detail page shows a Before you begin checklist for anything still open — debts linked, debt balances recorded, the policy basis chosen (or kept Modeled by saving with no policies selected), and a first payment recorded. Setup reuses existing dated balances, including those before tracking started. Confirming a new liability saves its opening balance once; the month’s closing balance remains a separate record after payments and interest. Existing policies selected in an existing-policy plan carry into Payoff Path automatically; the first eligible selection becomes the policy-loan action target. You can change the selection in the policy section. If no policies were selected, choose recorded policies or keep the plan Modeled-only. Skipping actions alone does not count as an Actual. The checklist disappears once every applicable item is met.
The Page
On the separate tracking page, from the top: the Debt Freedom card (only when Debt Freedom is your Home focus), Before you begin (while setup is incomplete), the Action Center, Month by month with its Summary and Every debt tabs, the Debt paydown and policy loan over time chart, and Plan details. Every debt is read-only: it shows every debt, every month, from what you record.
Record This Month
This month's steps are in the Action Center, one row per debt in payoff order. Use Record payment and Record balance, or Skip what did not happen. Each payment's principal lowers the month's balance until you record a new balance. A recorded balance wins on the same day. Captured openings include payments saved by capture time; later saves lower them, even if backdated. Finished months and payment history display this dated chain; reading does not rewrite stored records.
When the plan takes or repays a policy loan this month, a Policy loan row comes first. Recording it adds it to the policy's loan record. Loan balance now is the policy's current loan; the balance after it is Modeled. A policy loan already recorded on the policy's Loans tab this month shows under the row. Ready to review, or Record policy loan, opens a review that compares it with the plan, and asks which one when there are several; Use for counts it as this month's policy loan without recording it twice, and Record a different loan records another. Either way, the month's policy loan pays down the plan's debts in the projection.
A connected debt shows Ready to review when a synced balance dated this month arrives. Review balance, then Lock in for , records it as that month's balance. Later syncs don't change it; syncs dated after the month go to the next one. Use a different number opens manual entry instead. Where the institution allows it, Refresh requests a new balance.
Paid Off
When a debt's derived balance is $0, its row shows Paid off. A later positive recorded balance makes it open again. The next month shows where its freed payment goes, per your saved plan: the next debt, your policy loan, paid-up additions, or stays with you.
Finish the Month
Finish is available once every row is recorded or skipped. It locks the month; later months recalculate. Without a forecast, recorded balances carry into the next month with no projected payment amounts or policy loans. Re-finishing an older month keeps the current month in place. After the final month, Reopen month reopens it. Finishing does not move money or create a lender transaction.
Balance left on the Debt Freedom card is Home's current total of your debts, excluding real estate. A finished month shows the balances you recorded, so the two can differ.
Edit a Recorded Value
Recorded values are locked. Unlock one to edit it, then Save; Cancel leaves it as recorded. An edit shows Override; Use synced returns a synced balance. Edits carry through displayed balances and projections. A payment stays in the Payoff Path month it was recorded into; its date orders that month's records. In Activity, Move to needs both months unfinished and an open payment step there. Keep 's date saves the original date with other edits. Reopen a finished month first.
A balance Override on a bank-synced debt doesn't change Liabilities. A payment edit corrects Liabilities the way recording did, unless a newer balance exists.
Recast from a Tracked Liability
When a liability is tracked by an active Payoff Path, editing that liability's balance in Liabilities can show how the new balance changes the debt-free date. From that modal, choose Update position only to save the liability balance without changing the path, or Update & recast plan to record the new balance into the active Payoff Path and re-project later months from that Actual point.
Recast does not rewrite the original scenario, historical Actual months, or closed-period history. It records the current position and updates the forward view from there.
Optional Policy Selection
Policies selected in an existing-policy plan carry into Payoff Path. The first eligible selection becomes the primary policy-loan action target. Use Change selected policies to update the current Actual Net Cash Value pool, the tracked model’s opening, or primary policy. If no policies were selected, Choose policies links recorded policies; selecting none keeps the path Modeled-only. Future growth and policy loans remain Modeled. Policy selection does not change the saved scenario or create a policy loan. On Track and Extended compare the re-projection with the saved plan. Recast comparison is unavailable if the saved plan cannot be modeled. If Plan details cannot update after a recorded balance conflicts with a consolidation loan, it says Record the policy loan to update this plan.
Premium per month shows the base and paid-up additions premium the plan pays for its recorded policy. Edit saves a new premium to the plan from the open month and rebuilds the projected cash value from the confirmed illustration for that premium; recorded months don't change. A plan with several policies, or a premium not paid monthly, changes its premium in Step 2. An advisor's premium change is sent to you as a suggestion and applies when you accept it.
Payoff Path is Step 5 of the Builder Pro Debt Payoff Path workflow. If it is not available in your environment, start at Step 1 and check your plan access. It tracks a selected plan against recorded activity.
Policy Stack is a tracking and visualization tool. It does not provide financial advice, recommendations, or opinions on what you should do with your banking system.
Policy Stack is independent of and is not affiliated with, sponsored by, or endorsed by Infinite Banking Concepts, LLC or the Nelson Nash Institute.