Accounts & debt types
The Accounts tab shows everything in two halves — what you have and what you owe — with each kind of account in its own group. Tap a group to open it, tap an account to see its details.
The groups
Only the groups you actually have are shown. Each one shows its total on the right.
| Group | What goes there | Example |
|---|---|---|
| Cash | Checking, savings and money-market accounts. | Chase Checking · $2,410 |
| Credit cards | Bank-issued cards you can use anywhere. | Visa Signature · $4,200 owed |
| Store cards | Cards from a single retailer. | Department store card · $1,800 owed |
| Pay later | Klarna, Afterpay, PayPal Pay in 4 and similar plans. | Klarna · 3 payments of $110.23 left |
| Mortgages | Home loans, found from a steady monthly payment to a lender. | Local bank mortgage · $1,009 a month |
| Home equity | Home-equity loans and lines of credit. | HELOC · $12,000 owed |
| Car loans | Auto loans and financing. | Car loan · $310 a month |
| Student loans | Federal and private student loans. | Student loan servicer · $220 a month |
| Personal loans | Unsecured loans from banks and online lenders. | Personal loan · $5,000 owed |
| Other loans | Anything that doesn’t fit above. | Credit union loan · $180 a month |
| Investments | Brokerage, 401(k), IRA and other retirement accounts. | 401(k) · $38,600 |
How Sumwright works out the type
Sumwright uses the best information it has, in this order:
- Your choice — if you set a type, it always wins.
- Your bank — when the bank says what the account is.
- The payments — the lender’s name and the pattern, e.g. the same amount every month to a known mortgage servicer.
- AI help — when the rules aren’t sure, an AI model looks at the lender’s name and payment amount only (never your name or account numbers). The account says “Sumwright’s best guess — tap to change”.
Lender names are tidied up too: a bank line like “To Msu Federal Cu-achorig” shows as MSU Federal Credit Union.
Change a debt’s type
Open the account
Pick a type
Tap Type (on desktop, use the Type menu) and choose the right one — say, Mortgage. To undo, choose Let Sumwright decide.
Decide whether it’s in the Debt Plan
Use Include in Debt Plan. Mortgages and loans start outside the plan; cards and pay-later plans start inside it. The debt stays in your total either way.
Example
Jordan pays two mortgages from checking: $1,009 a month to a community bank and $1,450 a month to a national mortgage servicer. Both appear under Mortgages on the Accounts tab, not under Credit cards, and neither is in the Debt Plan — so Jordan’s card payoff plan isn’t thrown off by two large home-loan payments.
Jordan also has a 401(k) linked with the Investment & retirement accounts add-on. It shows under Investments and counts toward net worth, but the Debt Plan never uses it.
Didn’t find what you needed?
Email support@sumwright.com