Debt Magic: Payoff Planner

Debt Magic: Payoff Planner

Snowball Loan Calculator

16 ratings
2 reviews
Free

Details

  • Released
  • Updated
  • July 1, 2025
  • July 18, 2026

Features

Debt Magic: Payoff Planner screenshot #1 for iPhone
Debt Magic: Payoff Planner screenshot #2 for iPhone
Debt Magic: Payoff Planner screenshot #3 for iPhone
Debt Magic: Payoff Planner screenshot #4 for iPhone
Debt Magic: Payoff Planner screenshot #5 for iPhone
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About

This free financial tool helps you visualize and accelerate your debt payoff journey. Track all your loans and credit cards in one place, compare different payment strategies, and see the impact of extra payments on your total interest and payoff timeline.

Debt payoff calculator
Compare Snowball vs. Avalanche methods
Visualize extra payment impact
Track principal vs. interest
Consolidate all debt types
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What's New in Debt Magic

2.13

July 18, 2026

- Added more fun ways for Debt Magic Members to earn rewards in the bonus rewards section! - You can now track your monthly due dates for each debt, includes monthly reminders! - We've found some bugs and asked them kindly to leave.

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User reviews

Debt Houdini

Listen, I downloaded this app thinking it was just another boring money thing. NOPE. It’s basically Hogwarts for my debt. One minute I was staring at my student loans like Voldemort, the next—POOF!—the app had me saving money like a financially responsible wizard.

I swear I heard a choir of bald eagles singing the national anthem the first time it paid down a loan. My credit score went from ‘eh, we’ll see’ to ‘can I offer you a mortgage?’ in record time.

At one point, I was so hyped I tried waving my phone around yelling ‘Expelliarmus, Sallie Mae!’ My wife said I looked insane, but then she checked the app and said, ‘Wait…this actually works?’ She now calls it the most romantic thing I’ve ever done.

If you want your debt to disappear faster than pizza at a Super Bowl party, download this app immediately. It’s sorcery with spreadsheets, and I am HERE FOR IT.
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Great APP

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FAQ

What debt types can I track with Debt Magic?

Debt Magic allows you to track all your debts in one place, including credit cards, student loans, auto loans, mortgages, and personal loans.

Does Debt Magic offer different payoff strategies?

Yes, Debt Magic lets you compare the Snowball method (paying off smallest balances first) against the Avalanche method (paying off highest APR first) to see which is best for your situation.

Can I see how extra payments affect my debt payoff timeline?

Absolutely. Debt Magic allows you to input extra payments, from $10 to $100+, and instantly visualize how much faster you can become debt-free and the total interest saved.

How does Debt Magic simplify amortization?

Debt Magic provides clean charts and tables to help you track the breakdown of principal versus interest over time, making amortization easy to understand.

Is Debt Magic available on multiple devices?

Currently, Debt Magic is supported on iPhone devices. Information on Android or web availability is not provided in the current data.

How often is Debt Magic updated?

The latest version, 2.09, was last updated on November 10, 2025. This indicates a recent update, suggesting ongoing development and maintenance.

What is the age rating for Debt Magic?

Debt Magic has an age rating of 4+, making it suitable for a wide range of users interested in personal finance management.

Does Debt Magic have ads?

No, Debt Magic is free to use and does not contain advertisements. The app is designed to let users focus on their debt payoff without interruptions.