Debt Payoff Box: Snowball Plan

They market this as FREE but it’s only free for 2 or less debts. Then you need to “upgrade to Pro” which includes everything advertised as free ( snowball method, payoff options, unlimited number of debts,etc.) Just be transparent about the pro version because it’s more cost efficient than other well known apps on the market. Pros: simple to use. Plug in the numbers and the app does the calculations to include a snowball method. A plus is not having to link accounts (for added security). Seeing the decreasing debt and nearing/hitting payoff dates is a feeling like no other. Cons: Can’t adjust balances if the debt amount increases/decreases. Ex. If you paid a little more or added a charge on a credit card. You can change the total amount but my experience has been it throws off the payoff calculation terribly, meaning the math wasn’t adding up correctly and there wouldn’t have been a way to fix it but to delete and readd which I didn’t want to do and lose the tracking on my progress. Some weeks later the app caught up and corrected the issue. But I’m hesitant to go through that again. Overall: This has been extremely helpful for me and how my brain works. Budgeting and paying debt is hard enough without having trackers being complicated. This gets to the point. Pay this amount on this date to achieve this result. The end! I started using the savings tracker and plan to try the bill tracker as well.

Not too complicated. I manually update some numbers now and then, and that is always gratifying and keeps me aware of what’s going on. Snowball is super. I with there was a way to organize by amount owed, not just originating debt. It might just be a glitch, but could be super helpful if it could list the debt in that fashion. It’s 5 stars because compared to all the others out there, it’s leaps and bounds better.

I loved this app initially - the design was clear and simple and the debts were easy to add - I was impressed enough to buy the pro version. However in the year I used it several bugs were evident and never improved. First, you have to back or forward date entries - for some reason if you enter, say, a due date of 9/28 it will read as 9/27, so you have to forward date in order to maintain accuracy (I could have that backwards, but in either case you have to finagle dates). Also, the debts always register the starting balance as the size of the debt when considering the snowball - so when I began it kept trying to calculate my snowball according to the smallest original balance even though I was starting with a debt that, at present, was significantly smaller than my others due to higher payments, lower interest, yadda yadda...but was originally larger than some of my smaller credit card balances. I really wanted to like this app for some reason and worked with those annoying hiccups (hoping the developers would catch and correct, but never did) but finally threw in the towel once I paid off my first debt and there didn’t seem to be any way to either a) mark the debt as paid or b) apply the payment to the next debt. For 2 weeks now my paid debt has been sitting with a $0 balance and “projected payoff” date that updates to the current date each day. If there’s a way to correct this, it isn’t easily discoverable with an hour of poking and prodding. Throwing in the towel and recommending you go elsewhere before poking around with this one for a year like I did.