App Shopper: Debt Tracker Free - Make payoff plan with snowball method! (Finance)

App Activity

Mar 07 '12	New App: Free, v1.0

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Debt Tracker Free - Make payoff plan with snowball method!

iOS iPhone

This app can help you to get out of your debts and get ahead. With this app you can manage or payoff all your debts and figure out when you’ll be debt free through the most popular Debt Snowball method. It has user friendly UI and easy to use. You can analyze or add payments after a debt has been set up. And manage all your debts by category.

The debt-snowball method is a debt reduction strategy, whereby one who owes on more than one account pays off the accounts starting with the smallest balances first while paying the minimum on larger debts. Once the smallest debt is paid off, one proceeds to the next slightly larger small debt above that, so on and so forth, gradually proceeding to the larger ones later. This method has gained more recognition recently because it is the primary debt-reduction method taught by many financial and wealth experts.

Main Features:

★Multiple Debts Tracking
√ Track as many debts as you want.

★ Payoff Debt Strategies
√ Highest Interest First
√ Lowest Balance First
√ Highest Balance First
√ Custom Ordering

★Built-in Calculators
√ Payoff Date Calculator
√ Loan Calculator
√ Mortgage Calculator

★ Category Module
√ Manage and classify all your debts by category.
√ Add you own category.

★Payoff Plan
√ Find the most excellent way to help you make your own payoff plan.

★Payment Schedule
√ View the interest, principal, and remaining balance for each and every payment of the debt.
√ Add payment to your debt and automatically update your debts information.

★Extra Payments Support
√ Calculate interest and time saving with extra payment. And make your own payoff plan through this feature.

★Charts and Reports
√ Provide quick summary of all your debts.
√ View all your debts through nice charts with Debt Remaining, Debts by Category and Remaining Debts by Category.

★Payment Due Date Notification
√ Remind you when the payment date of debt is coming.

★Export Data
√ Export your payment schedule and amortization list as CSV format.

★Passcode Security
√ Keep your own financial information private.