Archived App
This is an archived listing of the app previously available on the App Store.
This app helps you eliminate debt using the proven debt snowball method. Input your debts, and it will guide you through a payoff strategy, showing potential savings and projected debt-free dates. Features include progress tracking, payment schedules, and reminders.
12.1
December 21, 2018
Updated to all the latest displays sizes Reformatted email to a much more readable format Minor improvements based on user feedback. Celebrating 10 years!!!
MoreThe debt snowball method is a debt reduction strategy where you pay off your debts from smallest balance to largest, regardless of interest rate. Once a debt is paid off, you roll that payment amount into the next smallest debt, creating a 'snowball' effect that accelerates your payoff.
This app allows you to input all your debts, including balances, interest rates, and minimum payments. It then uses the debt snowball method to create a personalized payoff plan, showing you projected payoff dates and the amount of interest you will save compared to making only minimum payments.
Key features include an easy-to-use interface for adding and managing debts, password protection for security, detailed payment schedules, progress bars to visualize your journey, and custom notifications for bill due dates. It also offers iCloud support for syncing across devices.
The description mentions iCloud support, suggesting compatibility with Apple devices (iPhone, iPad). It is a mobile application, implying it is designed for smartphones and tablets.
Yes, the app allows you to choose between paying off debts with higher interest rates first (debt avalanche method) to save more money, or those with the lowest balances first (debt snowball method) for motivating wins. It will show you how much money you can save with each approach.
