By 30 South LLC
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Get out of debt faster! Debt Snowball+ follows the tried and true method of paying off debt that is advocated by many professionals. As soon as you pay off one debt, you apply that payment to the next debt and the amount you are paying builds like a snowball rolling downhill.
With this app you can track your debts to see your progress and wipe out your debt faster. You can easily see how much time and interest you are saving along the way.
"This is a great financial planning app with a clean and crisp interface. I would highly recommend it for anyone looking to tackle his or her overwhelming debt." ~AppAdvice.com
-Shows time and interest saved
-Tracks your debt
-Alerts with bill notifications
-Charts your savings
-Protects your information with passcode lock
What's New in Version 1.04
updated for iPhone 5 screen
Too basic for the price!
I paid 1.99 for this app, which is on the "expensive" side of apps. This app is just too basic. You input your info, and it will do the rest, you have no flexibility in anything. You can see how much time you will save in total, but you can't see when you will finish paying any debt. I would like to have the option to see: "You will finish paying this debt on May X, 20XX". Also, you can't turn off any accounts, for example, if I want to know how much time it will take to pay off all of my debts except for the mortgage, then I have to delete that account! Whaaaat! Or I have to do the calculation manually, and of course, that's why I paid for this app. I have no idea what to do if I have to stop paying extra for one month because of an emergency... I really thought this was going to help me with my debt snowball, but I feel it's not precise enough. It gives you an idea of how much time and money you will save and that's it. I feel like I need more info, maybe it's just me, this app has many good reviews which I based on to pay top dollar for it. Hopefully the updates will fill the holes in the programming.
Easiest app to use
I've tried 4 or 5 different debt tracking apps and this one is the easiest to use and update. Some of the other ones require you to delete an account completely and then re-add it with the updated info (bal, int rate...etc) even for their paid versions...what a hassle! I'm sticking with this one!
Good, not great!
Works pretty good except that some of my student loans are currently on income based repayment plans. The interest rate is still normal but payments are super low. I can't put in the accurate figures on these loans so I feel like it's throwing the whole calculation off until I can get back to standard payments. Other than that it's a good app.
- Category: Finance
- Updated: Oct 10, 2012
- Version: 1.04
- Size: 8.3 MB
- Language: English
- Seller: 30 South LLC
- © 2012 Derek Clark
Compatibility: Requires iOS 4.0 or later. Compatible with iPhone 3GS, iPhone 4, iPhone 4S, iPhone 5, iPhone 5c, iPhone 5s, iPhone 6, iPhone 6 Plus, iPad, iPod touch (3rd generation), iPod touch (4th generation), and iPod touch (5th generation). This app is optimized for iPhone 5.