Liabilities are everything you owe. Tracking them alongside your assets gives you an accurate picture of your net worth.
Types of liabilities you can track
- Mortgage — home loan on your primary residence or investment property
- Car loan — vehicle finance or lease
- HECS / HELP debt — your university study loan
- Credit card — outstanding balance (not the credit limit)
- Personal loan — any other unsecured loan
- Other — anything else you owe
How to add a liability
- Go to Snapshot in the sidebar.
- Click + Add Liability.
- Choose the liability category.
- Enter a name (e.g. "Home Loan — ANZ", "HECS Debt").
- Enter the outstanding balance — how much you still owe today.
- For loans, you can also enter the interest rate and remaining term.
- Click Save.
Mortgage-specific options
When adding a mortgage you can:
- Link it to a property asset
- Choose loan type: principal & interest, or interest-only with a configurable IO period that converts to P&I
- Link an offset account — JettWorth reduces interest charged in the projection by the offset balance each year
- Set monthly repayment
HECS / HELP debt
Enter your current HECS balance as shown on your myGov account. JettWorth handles indexation and income-based repayments in projections automatically. See Medicare and HECS.
Car loans
You can model balloon payments and choose what happens at the end of term: refinance the balloon as a new loan, or pay it off in cash.
Editing and removing liabilities
Click any liability card to update its balance. As you pay down debt, update the balance each month when you take a snapshot.
Tip: For credit cards, enter the balance you're carrying, not the credit limit. If you pay the card in full each month, leave it out entirely.