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 organize them in order to pay them off quickly. 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 how soon you will be out of debt and how much money you save by paying debt off early.
- Shows you clearly what debts have already been paid off
- Allows you to generate and send a report of the plan to anyone via email.
- Security to keep your data private (check the iPhone Settings for configuration of security)
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