Debt Free Box: Snowball Payoff 4+

Loan Tracker and Planner

Natalia Alekseenko

Designed for iPad

    • 4.3 • 131 Ratings
    • Free
    • Offers In-App Purchases

Screenshots

Description

Getting out of debts is the first step on the journey towards financial freedom, and Debt Free Box is your companion on that journey.

Debt Free Box is the easiest to use Debt Payoff management app – no need to track every transaction or detail – just set up your payoff plan once and app will help you follow it through until you are fully Debt Free.

Do you have a mortgage, car loan, student loan or any other debt that you’ve struggled with for years or months trying to clear it? You are not alone. The Debt Free Box will ease your mind by helping you plan to pay off your debts on time.

You no longer need to be overwhelmed by debts when there’s an app that will organize all debts in one place and help you clear them fast.

This app is FREE, so you can as well hit the install button now!

Why You Will Love Debt Free Box:

Snowball method and extra payment strategy:
- Define in which order you want to pay off your debts - smallest first? or highest interest first?
- Use released monthly funds to pay off subsequent debts faster (like a snowball)
- Add extra payment every month and see how much you will save interest and time

“Fast forward”:
- No need to manually enter your transactions! Just tell app to fast forward for you
- Fast forward allows app to update your debt to current status as if you were following initial plan
- You can manually update your debts or change your payoff plan any time

Simple and clean user interface with no ads
– This helps you to see results clearly and quickly.

New/Edit debt option – Allows you to edit:
- Name
- Category of the debt (auto, bank, credit card, student loan, medical, mortgage, computer, bill consolidation and others)
- Remaining balance
- Loan amount
- Interest rate
- Next due date
- Minimum monthly payment

Shows payment schedule details:
- Balance
- Pay off debt
- Interest
- Payment amount made
- Principal
- Remaining balance

Fastest payoff - The app calculates the cheapest and fastest method of paying off your entire debt.

It gives you total control – You can go through your debts and decide which debts you should pay off first and the extra amount to pay. The app helps you to remain focused on your plan.

Supports all types of debt -The Debt Free Box supports different types of debts including credit card, cash loan, student loan, car loan, mortgage and more.

What-if analysis – You can try out different ‘What-if’ scenarios such as a change in the interest rate or extra monthly payments.

Extra payment option – Helps to calculate interest and time savings.

Super compatible – It’s optimized to work on all your preferred mobile devices.

Regular updates – No more bugs or annoying crashes. The app has periodic updates to ensure it works flawlessly. The updates may also come with some new, awesome, bonus features.

Feel free to drop us a line! We’re always listening to your suggestions to improve Debt Free Box. If you have any issues with the app, just contact us and we will help you!

** Are you loving our app? We’d love to hear about it! Please take a moment to leave us a nice review. It really helps! **

While you’re in the sharing mood, go ahead and throw us a like on Facebook too, THANKS.

We appreciate your support greatly! You inspire us to make more great apps like Debt Free Box. Start leaving debts behind by installing the Debt Free Box on your mobile device!

What’s New

Version 1.3.9

Minor fixes

1.3.8:
Subscribe to our Money Box Newsletter to get Personal Finance advice, Smart Finance Apps news and random messages from our founder.

1.2:
Pay off debts even faster with Snowball strategy.

Play with different strategies, see how much you save interest and years of your life(!) and choose the best strategy for you.

Use fast forward feature to quickly debt schedule up to date.

Enjoy!
Debt Free Box team

Ratings and Reviews

4.3 out of 5
131 Ratings

131 Ratings

Bertouk ,

Nice interface but...

The app has a nice interface. The only nag I have is that you can’t make an extra payment on top of your monthly payments which is a bit of pain as you have try and calculate it yourself and update it all. Another great addition would be to add notifications. I see you have a separate app for notifications but I think that feature should be built in to this one.

Developer Response ,

Hi Bertouk,

Thank you for nice words about our app, and interface.

Have you tried to use field "Extra payment" on Payoff plan section? it will add this amount on top of Total monthly payments in your snowball plan.

Hope it helps. Please contact us on debtfreebox@gmail.com any time to resolve your issues.

Thanks,
Andrey @ Debt Free Box Team

Xhristlover ,

How about when there is a balloon payment to make?

I have a car loan, I’ve put in the debt free box. Finance at 7.9% monthly, but there is a balloon payment after four years of owning it that is. There seems to be no means to record this so that I can monitor the debt and manage it in that way. After having the car for 4 years and making monthly payments. I can make the balloon payment or hand back the car. I entered a one star to get the developers attention. Otherwise modelling & visibility looks good. 2nd thing is recording and managing credit card with interest free period whether as part of the terms for a set duration or new card with promotion for an interest free period. Examples are UK balance transfers or money transfer at fixed fee paid upfront then you’re interest free for 12-18mths. That’s common here in UK and I can’t seem to be able to manage it from the app. Happy to be contacted directly if you will look into this.

DarryllH ,

Brilliant

I love this app i think its very useful. My only complaint would be that if i wanted to pay off a ‘one off’ amount on one debt for any reason i cant do this. I have to add extra that month on the total monthly payment and let the app do it for me when snowballing i think if there was an option to do this individually and it still calculate the snowball it would be 100% perfect.

Developer Response ,

Hi Darryl, thanks for 1) using our app and 2) suggesting improvements. In fact the feature you are asking for was already discussed before and we plan to include it in our roadmap. I would like to connect with you via email for us to review with you once feature is designed. Pls send an email to getmoneyboxapp@gmail.com to connect with us. Andrey

App Privacy

The developer, Natalia Alekseenko, has not provided details about its privacy practices and handling of data to Apple. For more information, see the developer’s privacy policy.

No Details Provided

The developer will be required to provide privacy details when they submit their next app update.

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