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Achieve financial freedom with Debt Snowball Pro! This easy-to-use app helps you eliminate debt using the “debt snowball” method that is taught and endorsed by many financial professionals.
Featured in Parade Magazine's Intelligence Report. (April 2012)
Featured in iTunes "Top 20 apps in 2011 to improve your fitness and finances"
The best Debt Snowball app in iTunes
This app is used and recommended by many financial advisors, firms, and banks. Simply input your debts (including balance, interest rate, and monthly payment) and Debt Snowball Pro will help you select the best payoff method.
Using the debt snowball method of payment, once you pay off a debt, you’ll apply the previous payment to the next debt, resulting in a snowball effect as the amount paid toward your larger loans grows over time.
You can choose to pay off debts with higher interest rates first (to save money), or those with the lowest balances (for small, motivating successes along the way). Debt Snowball Pro shows you just how much money you’ll save by choosing these methods over making minimum payments.
View our demonstration on YouTube: http://www.youtube.com/watch?v=vQ4Ce7ujDxc
•Ability to add and remove debts, update balances, and see when you will be debt-free.
•Shows interest saved and debt payoff dates.
•Detailed Payment Schedule spreadsheet, showing effects of applying snowball payments to individual debts.
•Ability to quickly make payments on individual loans.
•iCloud support so you can easily share data between devices.
•Progress bars to show and encourage progress.
•Custom notification to remind you when each bill is due.
•Ability to share on Facebook and Twitter.
This also makes a great gift to family and friends. Click the down arrow on the left (next to Buy App) and choose "Gift This App".
Please send your comments, suggestions, and questions to firstname.lastname@example.org.
"This is an excellent App! One of the most important keys to success when trying to get out of debt is ‘Concentration’ on the goal. The Debt Snowball is a goal. Having the information readily available to look at may keep more people motivated towards attaining their goal of becoming debt free."
"My husband and I both use Debt Snowball Pro. The peace of mind that I got from having a plan set and seeing the "end date goal" is worth every penny. Before using Debt Snowball there was a constant nagging feeling in the back of my head that kept me from ever being completely relaxed. Now, with the goal in site I feel so much better about our situation. If you have several loans you should not hesitate, get the app. Follow the steps and get your own peace of mind and start working toward freedom from debt"
"Great app to manage and control your debts. Simple to use and understand and can save you a ton of real money"
If you like this app you will also like our other apps:
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Ratings and Reviews
This app is a great way to keep track of debt and to determine which card to pay off first. I am nearly debt free thanks to this app and the snowball method!! The only thing that would make it better is if it linked up to my accounts and updated automatically.
A good start
Overall I like this app and I use it often. It makes it feel manageable to get out of debt completely. One request: show me which payments I’ve already made. I often forget whether or not I marked the “make payment” button for that month. I use it to manage both mine and my husband’s debts, and I don’t have access to his accounts to look up what the current balance is. I do that for my own, although it’s annoying to have to keep logging into the accounts separately to check the balances against what this app says. Just throw a “payment history” feature into this app and I would give it more stars.
Developer Response ,
Thanks for the feedback. We will consider this for future versions
Good start, but I make weekly payments
Edit: Editing this review and dropping a star due to extremely slow response from developer. It took them 10 months to respond to my request!!!
Dropping another star because I *still* never received any notification for when payment was due (even though I checked the box on the app). Dropping another star because they don't have a pay weekly option.
So far, the app is decent. I like being able to see payoff dates. But the app seems to be lacking in two distinct ways for my purposes: 1) I checked the "notify me" feature to be notified before a payment is due. I have not received any notifications. 2) A feature that would be very valuable for me (and I'm sure many others) is the option to make multiple payments in a month. I pay weekly to reduce my interest, but can find no way to calculate using that option. Instead, I have to recalculate that every month, which is too time consuming. Make those two changes and this would be a 5 star app.
Developer Response ,
Will will consider adding weekly payment options to this app. Right now it's only monthly payments... Sorry
With Family Sharing set up, up to six family members can use this app.