Debt Freedom 1.0


Category: Finance
Price: $2.99 (iTunes)

Description:

Debt Freedom helps you plan to get out of debt as quickly as possible.  Using the popular "Debt Snowball" method of debt reduction, as endorsed by financial planners such as Dave Ramsey, Suzy Orman, and TheMotleyFool.com.  Debt Freedom allows you to enter your debts, and it will give you the plan to pay them off so you can be debt free.  Currently, Debt Freedom will automatically sort your debts by balance (lowest to highest, ala Dave Ramsey), or by interest rate (highest to lowest).  As you pay off debts, and keep Debt Freedom updated with the balances, it will help you roll payments from debts that get paid off to the next debt on the list, "snowballing" the payments in order to get you out of debt quicker.

Features:
- Simple entry of basic debt information
- Takes interest into the payoff calculation
- Sorts by balance or interest rate
- Shows you what you have saved and how much sooner you will be out of debt compared to paying minimum payments
- Shows you clearly what debts have already been paid off

Coming soon in future versions:
- Can view what payments will be in future months
- Can apply extra payments to the snowball
Debt Freedom



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