Apps > Paid Apps > Finance

This app is designed for both iPhone and iPad

Price: $0.99

Category: Finance

Updated: May 30, 2012

Version: 5.2

Size: 5.7 MB

Language: English

Seller: Mobile Innovations LLC

Rated 4+

Requirements: Compatible with iPhone, iPod touch, and iPad.Requires iOS 4.0 or later.

Customer Ratings

Current Version

(494 Ratings)

Debt Free – Pay Off your Debt With Debt Snowball Method by Mobile Innovations LLC

Debt Free - Pay Off your Debt With Debt Snowball Method Screenshots





A lite version is available under free category with 2 debts limitation, give it a try.

Eliminate your Debt using Debt Snowball method. This App helps you to organize,monitor and payoff your Debts using Debt Snowball plan.Debt Snowball method is the most popular effective and efficient method taught and recommended by many financial professionals and wealth experts for debt management.

This App has simple down to earth user friendly UI, where you input the basic information of your debts and you can then analyze and model debt repayments and see exactly when you will be debt free.

Debt Snowball method is debt reduction strategy where you pay minimum payments on all other debts and focus on one thing at a time. Once one debt is paid off you put the previous payment towards paying your next debt and over the time you have compounding payments which help you get out of debt quickly.

For the first time, you will be amazed to know how long it will take to pay off your debt, and how much time and money you can save by paying in an optimal manner and achieving your Financial Freedom. So get STARTED!

Bonus: This app also includes 3 Built in calculators to help you decide on monthly payments
Payoff date calculator
Loan calculator
Mortgage calculator

Main Features:

Universal Binary
- Designed for iPhone, iPod Touch, and iPad devices. No need to buy separate Apps for each device.

Quick Debt Summary
- Displays Quick Summary of your Total Debts with Percentage Progress Bar,Debt Free Date,Interest Savings and Early Payoff Date.

Percent Paid Progress Bars
- Percent Paid Progress Bars for each Debt which motivates you towards Paying Off your Debts.

Reports and Charts
- 2D Pie Chart View of your Debts with Debts by Category and Debts Remaining.

- Enter your Expense Transactions for Each Debt so your Remaining balance will be Automatically Updated.

Payment Due Date Notification
- You can Set Payment Due Dates Notifications and also Payment Due Date Time for Each Debt.

Pay Off Strategies
- Supports Multiple Payoff Strategies .
Lowest Balance
Highest Interest Rate
Highest Balance
Custom Order
By choosing a strategy you can see how the Total Debt,Interest Amount and Debt Payoff date get affected.

Tracks Multiple Debts
- You can Track unlimited Number of Debts.

Debt Payment Tracking
- Record your Payment every time you Pay towards your Debt which automatically updates your Debts Information.

Amortization Table
- Amortization table shows a Complete Payment Schedule which allows you to view the interest, principal, and remaining balance for each and every payment of the Debt.

Pay Off date Calculator
- Use the built-in Payoff Date Calculator to see the how the monthly payment amount will affect the payoff date and total interest paid.

Extra Payment Feature
- Calculates Interest and Time Savings with Extra Payment.

Pass Code Lock
- Pass Code Protection to keep your Financial Information Private.

Export Capability
- Email your Debt Report and Amortization Schedule in HTML Format.

Optimized for iOS4 and
- Optimized for Retina Display
- Simple, Clean, Intuitive User Interface.

International Currency
- Follows the locale/region setting on your device and shows currency symbols appropriate for your region

FREE Debt Free Lite Version
If you are still not convinced this app is right for you, Please try the Lite version with 2 debts limitation.

Your good reviews and suggestions help us to release updates and serve you better.

What's New in Version 5.2

※ Added last payment details in debts list screen.
※ Added option to clear Introductory APR's.
※ Fixed layout issue in Debt details screen on iPad.
※ Minor bug fixes and enhancements.

Previous Update features:
1. Added sync support between devices.
2. One click backup restore.
3. Print and email reports in PDF.
4. Custom backgrounds.
5. Minor bug fixes and enhancements.

※ Please checkout our new app ※
➜ "Budget Envelopes"

Customer Reviews

Love the thing missing (5 stars)
This is a great app! Especially now with the auto sync feature. The one thing I would love to see...on the Debts list screen make every other debt highlighted or greyed out a little because right now they all sort of run together when you're scanning the list looking for a particular debt. That would help your eyes separate them. Hope that made sense. :)

Great! (5 stars)
I was using a spread sheet that i found online to do the same thing, but this app also gives you graphical reports, and will always be with me now on my iPad.

I have already been doing this for a while.

This method of debt reduction is really working for us, and we should be debt free in 9 years.... Including all our credit cards, car loans, home equity loan, and our main mortgage!

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