• About
  • Mortgage Basics
  • $40K Challenge
  • Aunt Doris
  • Grandfather Says
  • Privacy
  • Archives

Len Penzo dot Com

The offbeat personal finance blog for responsible people.

10 Debt Management Apps That Will Help You Organize Your Finances

By McCall Robison

Having debt is hard enough without knowing how to properly organize and manage it. But what if there was a simple budgeting tip that would allow you to organize all of your debts and finances in one place?

Thankfully, debt management apps make this possible. Here’s an overview of some debt management apps and their features for both Apple iOS and Android platforms:

Application Purpose Cost Mobile Platform
Debts Break – Debt Payoff Plan and Snowball Method Borrowed/lent amount, remaining balance of accounts, statistical charts, finance expense report, Snowball Method Free iOS
Debt Free Calculator Debt summary and debt schedule, graphs for debt visual, Snowball Method Free iOS
Debt Free – Pay Off Your Debt Pie charts for debt visualization, Snowball Method, payoff strategies $0.99 iOS
Debt Manager Bar graphs for debt progress, Snowball Method, debt hints and tips, what if scenarios $0.99 iOS
Debts Monitor Snowball method, debt status, due date notifications, payoff date calculators, debt free date Free iOS

.

Debts Break – Debt Payoff Plan and Snowball Method

Debts Break is a debt payoff plan app that focuses specifically on the “snowball method” of debt reduction. Coined by Dave Ramsey, the snowball method is a debt payoff strategy that starts by paying off the smallest debt balance first and in the meantime paying the minimum on all other debts. Following the payoff of the first debt, the extra money is then applied to the next smallest debt, and so on and so forth. Debts Break helps you manage your debts with ease by giving you payment logs and finance updates through visual graphs, which helps you visualize where your money is at all times so you can evaluate your progress.

Debt Free Calculator

Debt Free Calculator gives you a summary of your debt as a way to keep it organized at all times. It includes a list of your debts, the amount you owe on each, the amount you’ve paid on each, and your interest rate for each.

Debt Free – Pay Off Your Debt

Debt Free – Pay Off Your Debt is also an app to visualize a summary of your debt, including your interest rates, your payoff date, your debt free date, and your chosen debt payoff strategy. Another perk to this app includes a passcode lock so you don’t have to worry about your information being compromised if you lose your phone.

Debt Manager

Debt Manager specializes in creating progress graphs to measure your debt reduction progress. It shows each debt, its balance, and its interest rate. Debt Manager also allows you to create “what if?” scenarios, such as how much money you’d save if you paid off a debt early, or if your interest rates went down.

Debts Monitor

Debts Monitor gives debt overviews and allows you to keep track of all payments and due dates. It also has three separate payoff calculators for date, loan, and mortgage. The app breaks down each individual debt by showing the monthly payment details, the principle and interest rate for each, and the paid and owed amounts.

Application Purpose Cost Mobile Platform
Debt Book Borrowed/lent amount, remaining balance of accounts, statistical charts, finance expense report Free Android
Debt Manager and Tracker Borrowed/lent amount, debt settlement graphs, payment tracking, PIN/fingerprint security Free to $0.99 Android
Debt Tracker Borrowed/lent amount, amount paid in relation to the total, various graph and visualization options, payment tracking Free Android
My Debts Debt organization, visuals of revenue and expenses, payment and deadline alerts, recurring debt tracking Free Android
ReadyForZero: Pay Off Debt Credit score tracking, debt progress graph, pay down plans, debt recommendations Free Android

.

Debt Book

Debt Book has features for borrowers and lenders. The app uses a “Master Book” to keep track of balances as well as paid and collected amounts. Debt book also uses charts to give you a visual representation of your debt statistics. An additional convenience is that it allows borrowers and lenders to communicate with each other via the app; they can chat, as well as send and receive payments, making it easy for both to stay in contact and manage their accounts.

Debt Manager and Tracker

Debt Manager and Tracker is also an app for borrowers and well as lenders. Through the use of graphs, you can track your debt settlement, payments, and debt balance. There’s a Pro version available for $0.99 that is ad-free and allows you to communicate via the app and lock it with fingerprint technology.

Debt Tracker

Debt Tracker shows your debt summaries as a lender or a borrower. By tracking your penalties, interest rates, and payment details, you can manage your debt situation at all times. There is also an option to sync the app with Dropbox to protect your data from an app crash or lost phone.

My Debts

Focusing on debt organization, My Debts is an app that gives you alerts for upcoming bill payment deadlines and due dates. You can also set up recurring rent or car payments.

ReadyForZero: Pay Off Debt

ReadyForZero allows you to track your credit score in addition to managing your debts and finances. The app also has graphs to visually show you your debt progress. ReadyForZero uses a “target account” which allows you to choose your most urgent debt and make that your top priority. You can also create your own payoff strategies, and the application will give you personalized recommendations based on your data.

Regardless of your debt or financial situation, these debt management apps can help you organize and automate your debt in a visual and interactive way. Accessing your debt from anywhere at anytime through the use of your phone allows you to stay apprised of your finances at all times. Now you can establish financial goals at the press of a button.

Photo Credit: Yeray Hernandez

June 5, 2018

Comments

  1. 1

    Tnandy says

    One way I stay out of debt is not owning a smart phone nor any apps……ahahahaaaaaa…

The Question of the Week:

Will you be taking a summer road trip of 500 miles or more this year?

View Results

Loading ... Loading ...

Recent Posts

  • Black Coffee: The Sky’s the Limit
  • The Difference Between Real Wealth and Paper Wealth
  • Savings Tips for High School Grads: 6 Ways to Kick-Start Your Savings
  • Shopping In the Modern Age: Does the Internet Encourage Overspending?
  • 9 Ways to Ensure Your Road Trip Sucks
  • Black Coffee: Tick Tock Goes the Debt Clock
  • Grandfather Says: The Continuing Chronicles of Elaine, Part 15
  • How to Determine If Your Artwork Is Valuable
  • 6 Ways to Clean Out Your House for Cash This Spring
  • 12 Good Reasons Why You Should (and Shouldn’t) Pay Off Your Mortgage Early

Disclaimer

This site is for informational and entertainment purposes only, and the content herein should not be mistaken for professional financial advice. In fact, making investment decisions based on information published here, or any other website for that matter, is more than unwise; it is folly. This website accepts advertising in the form of monetary and other compensation; as such, topics of discussion are occasionally influenced by these advertisers. Sometimes, an article may also include affiliate links, meaning, at no additional cost to you, this blog earns a commission if you click through and make a purchase (for example, as an Amazon Associate I earn from qualifying purchases). Remember, you and you alone are responsible for the decisions you make in life, so please contact an independent financial professional for advice regarding your unique personal situation.

Sign up for the weekly Len Penzo dot Com newsletter
Len Penzo dot Com Delivered Weekly
Join more than 40,000 readers and fans who enjoy personal finance and macroeconomics with an offbeat twist!
Invalid email address
Thanks for subscribing!

Popular Now:

  1. 1. How to Fix Your Finances Without More Money
  2. 2. 34 Financial Tricks to Help You Retire Early
  3. 3. Why Coffee Drinkers Waste More Than Money at Starbucks
  4. 4. How Smart Couples Save Money by Gaming the System
  5. 5. Effective Negotiating Tactics Everyone Should Know
  6. 6. Credit or Debit: Which One Is Actually Better?
  7. 7. Is the Payback Period on Energy Efficient Lights Too Long?
  8. 8. Why Paying Off the Mortgage Early May Be a Big Mistake
  9. 9. Historical Gold & Silver Benchmarks for Wages and Commodities
  10. 10. 4 Good Reasons Why Some Quarters Are Painted Red

All-Time Most Popular:

  1. 1. 19 Things Your Millionaire Neighbor Won’t Tell You
  2. 2. Dear Friend: Here Are 41 Reasons Why I’m NOT Lending the Money
  3. 3. Why Your Expensive Luxury Car Doesn’t Impress Smart People
  4. 4. If You Can’t Live on $40,000 Annually It’s Your Own Fault
  5. 5. 21 Reasons Why Corner Lots Are for Suckers
  6. 6. 4 Smart Reasons Why College Isn’t for Everyone
  7. 7. 18 Fast Facts About Social Security Numbers
  8. 8. My Ketchup Taste Test: Upset! Guess Which Brand Topped Heinz
  9. 9. Why I Prefer a Spreadsheet to Track Expenses and Manage My Finances
  10. 10. Here’s a Simple Trick for Getting Credit Card Interest Charges Waived

Copyright © 2023 Len Penzo dot Com · All Rights Reserved · Designed by Nuts and Bolts Media

© Len Penzo dot Com 2008–2023

x
x