Amazon has released their FREE app of the day, and today we have Debt Payoff Planner by Adonis Apps.  Debt Payoff Planer is designed to help you plan your finances and work out the best strategy to bring down your financial debt.  I think I’m beyond hope, but I’ll give it a try 🙂
It’s FREE, so download it, give it a try and uninstall it if you don’t want it.
Product Features
- Creates custom payment plan based on your criteria
- Offers simple and advanced modes
- Allows you to export data via e-mail
Product Description
Dealing with Debt
For most people today, managing debt is just one more aspect of good financial planning. Whether you are dealing with school loans, car payments, credit card balances, or other debt, you need to have a solid plan. This app allows you to compile all your loan data in one place and analyze payment schedules and strategies.
Crafting a Custom Payment Plan
You don’t need an MBA to use Debt Payoff Planner, and it won’t take hours of data entry. Simply input each loan or card balance, the interest rate, and the minimum monthly payment. Then select how you want to pay them off: highest balance first, lowest balance first, highest interest first, minimum payments only, or a user-specified order. Finally, enter the total amount you want to pay toward your debt each month.
With a touch of a button, the app then calculates your customized payment plan and amortization table. It tells you how much to contribute toward each debt every month, how much total interest you will end up paying, and exactly when you will be debt free. See details by touching any month in the plan. The app can even display your payment plan visually with colored charts and graphs.
Flexible and Connected
What if you want to make intermittent extra payments toward a loan? The app contains a feature allowing you to factor those into your plan. How about if you get a special promotional interest rate? Debt Payoff Planner has that covered as well.
You can export your payment plan information any time you want by sending a .csv file through e-mail. You also have the option of linking your data to Payment Scheduler, a sister app that can help you keep track of your individual payments and their due dates.
Summary and Downloads:
Application: Debt Payoff Planner
Developer: Adonis Apps
Cost:Â FREE