Debt Snowball - Payoff Planner

Debt Snowball - Payoff Planner

Credit card & payment tracker

1.3K ratings
65 reviews
Free
In-App Purchases

Details

  • Released
  • Updated
  • September 8, 2019
  • April 23, 2023

Features

Debt Snowball - Payoff Planner screenshot #1 for iPhone
Debt Snowball - Payoff Planner screenshot #2 for iPhone
Debt Snowball - Payoff Planner screenshot #3 for iPhone
Debt Snowball - Payoff Planner screenshot #4 for iPhone
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Debt Snowball - Payoff Planner screenshot #6 for iPhone
Debt Snowball - Payoff Planner screenshot #7 for iPhone
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About

This app helps you get out of debt faster by implementing popular payoff strategies like Snowball and Avalanche. Track multiple debts, set payment schedules, and monitor your progress to save money on interest and become debt-free sooner.

Add multiple debts
Choose repayment frequency
Track payments
Snowball/Avalanche strategies
Passcode/Biometric lock
Payment reminders
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What users say

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What's New in Debt Snowball

2.0.0

April 23, 2023

Debt Free is now available for free download! Give it a try, and unlock the Avalanche and Snowball method with an in-app purchase. The Avalanche and Snowball methods will be unlocked automatically for existing paid users. If you have any issues, tap Settings > Restore Purchases.

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In-App Purchases

$6.99

Unlock All Payment Strategies

Save more and be debt-free sooner

User reviews

It’s decent, but limited

I use the app knowing it is in no way an accurate pay-off calculation. The reason why is there is not a way to differentiate between the types of debt. Interest on a credit card accumulates differently than it does on an auto or personal loan. I mainly use it to see how much I am applying to the next debt for pay-off. I do wish it let you select the type for each debt instead of a generic entry.
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Disappointing

Wish I had read Coyas review before I spent the money. It tells you strategies for paying off debt but no place to put in your income. Just gives these freeball numbers that are higher than my income. I was looking for a strategy for MY BUDGET. Not for the money that grows on trees. Still haven’t found that seed yet.
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Using it

I would like to see that you can make an additional payment other than on the payment due date

Almost perfect

This app would be perfect if you could easily add (+) an extra payment from within a debt-view page. Currently it appears I can only track scheduled payments. Workaround is to edit the toal owed amt

Good for me

Maybe not for everyone but I personally appreciate the simplicity of this app. I just need to see all my debts in one place and monitor/track my progress. THAT’s IT!!! None of the extra nonsense. No extra tabs. No random features I don’t need. No ads. No begging me to upgrade to premium. Etc.

Developer apps

User experience

🐞

Reported Bugs

4 issues

App crashes when adding multiple debts

Bug

Inability to restore purchases

Bug

Incorrect minimum payment requirements

Bug

Calculation errors in debt repayment strategies

Bug

Requested Features

5 requests

Add ability to schedule additional payments

Feature

Implement monthly fee tracking

Feature

Provide visual debt progress tracking

Feature

Allow editing of debt details after entry

Feature

Improve iPad compatibility

Feature

FAQ

What does the Debt Snowball app do?

This app helps you become debt-free faster by implementing popular payoff strategies like the Snowball and Avalanche methods. You can add all your debts, choose a repayment strategy, and track your progress to minimize interest paid and save money.

What are the key features of the Debt Snowball app?

Key features include adding multiple debts, selecting various repayment frequencies, tracking individual payments, and choosing between four expert-recommended payoff strategies (Standard, Avalanche, and two Snowball variations). It also offers privacy features like passcode lock and payment reminders.

Is the Debt Snowball app free to use?

The app is free to download and use, with in-app purchases available. This suggests that while core functionality is free, some advanced features or customization options might require a purchase.

What payment strategies does the app support?

The app supports four popular payment strategies recommended by financial experts: Standard, Avalanche (prioritizing highest interest rate), Snowball (prioritizing lowest remaining balance), and another Snowball variation (prioritizing highest remaining balance). Each strategy provides details on payoff date, total interest, and total savings.

Can I use this app for different currencies?

Yes, the app supports different currencies, making it a versatile tool for users worldwide. You can also set up push notification reminders for specific dates and frequencies to ensure you never miss a debt payment.