DescriptionGet rid of that pesky debt hanging around the house. Use the Debt Snowball method to rid it in no time! The Debt Snowball method was made popular by Dave Ramsey! With this app you can record your debt payments and see how much time you have left. A chart is provided to give you an estimate on your pay off date. You can adjust your monthly budget to see how overage payments decrease that time significantly.
Debt Snowball is intended as a guide and may not be 100% accurate.
Interest is now calculated in each payment. When a new payment is made, it will record how many days between each payment was made and increase the debt by the amount of interest per day.
The total debt and interest to be paid is estimated based upon your monthly budget. If you pay more then your minimum payment, it will decrease the amount of time of pay off and interest paid.
If no payments have been made yet on a debt, it will calculated interest by the number of days the debt was entered and the first payment. So if you made a payment the day you entered the debt, it will show as no interest gained.
To edit or delete any entries, long press on an item to bring up the context menu. Deleting a debt will delete its payments.
Future Updates to Include:
1. Different Payoff orders
2. Due Dates with Reminders (Fields have been added, but not working yet)
3. Small Screen Support