Screenshots

Description

*** No. 1 Ranked Finance App in the US & UK ***

'Debt Manager' has one aim - To help you GET OUT OF DEBT FAST!

5-Stars - "By Far, This is one of the best Money Apps that I have seen. Fantastic, Great Job"

5-Stars - "This app is worth every penny.. Great info and breakdown.. I am so looking forward to being debt free!!"

5-Stars - "This app is three things: Simple. Effective. Spot On."

5-Stars - "The details, features and thought that went into creating this app are endless."

5-Stars - "Super easy to use; choice of strategies to choose for to pay off debts. Most helpful app for paying down debt I've come across."

Debt Manager helps you to organize, track and pay off all your debts in the cheapest and fastest possible way. It does this using the Debt Snowball method, which is recognised by leading financial advisors as the most effective way to pay off multiple debts.

You will be amazed at how much time and money you could save by applying this simple strategy, and this app will show you how. So if you want to become debt free, get started now!

*** Features ***
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√ Simple and intuitive user interface
- helps you see results quickly and clearly

√ Hints and tips
- don't worry, we will guide you through the process

√ Summary shows your payoff progress
- includes progress bar, your debt free date and your interest/time savings

√ Choose from multiple pay off Strategies
- Lowest Balance First
- Highest Interest First
- Highest Balance First
- Custom Order

√ An unlimited number of debts can be entered
- each debt can be individually analysed
- payments may be entered as a percentage of balance
- support for introductory rates e.g. 0% for 6 months

√ Monthly Payments may be recorded
- either automatic or manual recording
- allows you to keep track of your progress

√ Backup & Restore
- use popular Dropbox service for online storage
- keep your data safe
- manually sync between devices

√ Choice of payment periods
- handles monthly, weekly and fortnightly payments

√ Extra Payments can be entered against each debt
- helps pay off your debts even faster
- can be entered Monthly, Yearly or as a One Off

√ Transactions can be entered against each debt
- allows you to take into account expenses/purchases
- can be entered Monthly, Yearly or as a One Off
- will increase the debt balance

√ Try out various 'What-If' scenarios e.g.
- a change in interest rate
- increased monthly payments

√ Export the debt details via Email
- professionally formatted PDF or HTML
- export individual debts or overall summary
- includes full amortization schedules
- charts are attached to the email export

√ Interactive reports
- easy visualisation of the debt breakdown
- compare debts side by side
- press, hold and slide to see the costs per month
- pinch to zoom

√ Set of Calculators are included to help you compute:
- monthly payments
- extra payments
- payoff date
- refinance benefits

√ Notification of payments due
- so you never forget to record a payment

√ Passcode protection
- keep your data safe

√ Full manual is embedded within the app
- has all the info you will ever need

What’s New

Version 1.7.1

iPhone X support

Ratings and Reviews

4.5 out of 5
304 Ratings
304 Ratings
Jbarzeke1 ,

Great App

I like this app because it’s a visual to keep you on track toward bill payoff. Kind of like tracking weight loss I guess...seeing the balances come down continues the motivation to stay the course. My only problem is that once you pick a “balance as of” date and enter that information, you can’t change it without the app backdating itself. As an example, as the Fed interest rate rises, obviously so does the rate on my revolving debt. If I change to the new rate, it “back dates” that rate all the way to when I started the process which in my case has been over a year. This obviously skews current balances. You can’t start with an interest rate on a particular date then change that rate months down the line to be effective on a new date and continue the process. You have to delete your current payment information and re-enter it with all new data (balance, effective date, min payment, due date, snowball amount, etc). It’s not a HUGE deal but you kind of lose the visual of all your previous hard work and are starting with a clean slate all over again. But overall, I really do like the app. Balances maintained pace within pennies of statements and it really is “addictive” in that you do become very motivated to reach your goals.

godscreation ,

The app is great, wish it had one more thing

I’ve used this for my snowball with great success. But I’ve downgraded it by one star because it lacks one feature that is VERY important to me: the ability to create and track multiple independent paydown plans. I have two kinds of debt: health-care related and non-health-care related. Because these are paid from different funding sources (HSA vs checking acct), they cannot be co-mingled. For example, if I payoff a hospital account with my HSA, the snowball should move to my physician’s account rather than a credit card account, because I cannot legally use those same HSA funds to payoff my credit card.

If the app had the ability to track multiple paydown plans independently, then I would put all my health care debts in one plan (with its own snowball), and all my consumer credit debts in another plan (with its own snowball, maybe even a different strategy).

Once it supports that, then I’ll update my review to add the final star.

Not so blue ,

Snowball? Snowflakes? WTH!?!

I’ve definitely heard of the Dave Ramsey method for financial freedom, but wanted to do my own version using a little bit of customization.

I’ve been looking at tons of apps for almost 6 months. Looking at top rated ones, free ones, paid ones highly reviewed ones and little know ones. I pretty much gave up. I, in fact, started to program an excel spreadsheet because none satisfied all my requirements....... until now.

This app allows you to input your data then review the lowest balance, highest interest rate AND a custom choice. It allows you to include debts that are not included in the snowball method as well as the ones you are going to use the method on. It lets you have a good grasp on all your financial debt. I just started to scratch the surface, there appears to be some reports but I will be learning that as I get further along.

This app does not disappoint. Is it for everyone? I don’t know. But it is the exact right one for me. It is a paid app but I have more than gotten my money’s worth on this one. In fact, I’m so happy I don’t even begrudge the money I spent on the other apps as it helped me see what I didn’t want and appreciate this little gem! How good is it? Ive already shown it to my son to help him with his debt and talked about it to several of my less financial literate friends! If I could give it more than 5 stars I would!

Information

Seller
MH Riley Ltd
Size
29.6 MB
Category
Finance
Compatibility

Requires iOS 8.0 or later. Compatible with iPhone, iPad, and iPod touch.

Languages

English

Age Rating
Rated 4+
Copyright
© MH Riley
Price
$0.99

Supports

  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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