Debt Snowball - Payoff Tracker
Payment plan & loan calculator
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Description

Overwhelmed with debt? Get debt-free faster using the Snowball/Avalanche payment strategy, recommended by many financial experts.

Simply add your debts and Debt Free will help you choose the best pay-off method so you pay less interest, save more money, and become debt-free sooner!

FEATURES:
• Add multiple debts
• Choose any repayment frequency (weekly, fortnightly, monthly, quarterly, six months, yearly)
• View total amount due, total interest paid, repayment amount/frequency, next due date and days remaining for each debt
• Check off and keep track of every payment towards a debt
• See the principal and interest paid on each payment
• Choose between four popular payment strategies recommend by financial experts:
— Standard
— Avalanche (Highest Interest Rate)
— Snowball (Lowest Remaining Balance)
— Snowball (Highest Remaining Balance)
All strategies include the pay-off date, total interest and the total saved.
• Keep your debts private with a Passcode, TouchID or FaceID
• Get push notification reminders for a specific date and frequency so you'll never forget to make a debt payment
• Supports different currencies

Got feedback or ideas? Feel free to reach out to [email protected]
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In-Apps

Unlock All Payment Strategies
$9.99

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User Rating

4.73 out of 5

96 ratings in Australia

5 star
83
4 star
6
3 star
3
2 star
2
1 star
2

Ratings History

Reviews

Debt repayments made easy!

Msgerfan on

Debt Snowball is the app I needed to finally make sense of my debt repayments. It's very user-friendly, allowing me to list all my debts and pay then focus on paying off the smallest ones first. While keeping up with minimum payments on other debts, I started to see real progress. The best part is when I finish paying one debt, that payment gets added to the next one, creating a snowball effect. It may not be the most money-saving method, but the motivation it gives me is invaluable. Debt Snowball helped me gain control of my finances and feel more confident about becoming debt-free.

Half way there

antor72 on

This app is good but it’s missing a few features that would justify the $4.49 price tag, especially considering that it is aimed at people for whom money is an issue. Firstly, once you enter your debts and they appear neatly on the main screen, it can not be moved... like at all, it appears in the order it was entered and that’s it. Second, Payment strategies are hidden away in the settings, and once you have selected one... absolutely nothing happens! Thirdly, additional payment can not be added to upcoming payments and be used as a forecast for the remaining balance, it can only be added and then immediately triggers the payment to be marked as complete. Lastly, when setting up a debt, it doesn’t let you enter custom figures, such as if the debt were subject to a payment plan that is not being calculated in the standard principle plus interest format. Despite these points this app has a lot of potential and with some additions could be a product well worth the price of admission!

No Function to add additional payments

Starsfrommars on

Simple easy to use Ap, but no function to add additional payments.

Suggestion

anonymous99_x on

App is great and so easy to use, been extremely helpful. A suggestion I have is to allow decimals for repayments and loan to make it more accurate and to have include monthly fees as well

Exactly what I needed

vash82 on

Great simple app that exactly what I need to help pay off my debts using the snowball strategy 👌

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App Info

Category
Finance
Languages
English, French, German, Italian, Japanese, Korean, Chinese
Recent version
2.0.0 (1 year ago )
Released on
Sep 8, 2019 (4 years ago )
Last updated
2 weeks ago