Pay Off Debt 1.1 (Mobile)

Overview:

A debt snowball is a way to systematically pay down debts. Using this method you pay minimum payments to all debts except one. You then pay the minimum payment plus as much additional money as possible to the selected debt. This process is repeated until that debt is paid off. Once the first debt is paid off, you take all of the money you had been paying toward that first debt, plus your existing minimum payment for the next debt, plus your additional amount, and being paying it toward the next debt in line until that debt is paid off. The process repeats until all debts are gone. Order debts from lowest balance to highest balance, highest interest rate to lowest interest rate, or in a custom order selected by you. Shows graphs of your progress on each debt to help motivate and encourage you, plus a graph of your overall progress. See estimated time left to pay off individual debts on the Edit Debt screen. You can add, edit and remove all types of debts. The Debts screen allows you to record the payments you have made by pressing Record Payment for individual debts or by pressing Record All Payments to record all of the payments at once.

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