September 17, 2010 in Finance (E)
[prMac.com] Salt Lake City, Utah - Matthew King, leading developer of finance apps, today announces the release of the newly updated and improved Debt Snowball Pro. Using the popular debt snowball method, this app optimizes debt payments for the quickest approach to financial freedom. Debt Snowball Pro not only helps to provide relief from the burden of debt, it helps consumers save money in interest payments by knocking out debt faster than other payoff methods.
Financial advisors, firms, and banks, use and teach this debt snowball method for eliminating debt. With Debt Snowball Pro at their fingerprints, users can personalize and select the best payoff method for their debt.
The method is simple: input debts (including balance, interest rate, and monthly payment) and Debt Snowball Pro will help select the best payoff method. Once a debt is paid off, users apply the previous payment to the next debt, resulting in a snowball effect as the amount paid toward larger loans grows over time.
Debt Snowball Pro provides options for those who don't want to be restricted to one method of debt payoff. Users can choose to pay off debts with higher interest rates first (to save money), or those with the lowest balances (for small, motivating successes along the way). Debt Snowball Pro will show just how much money can be saved by choosing these methods over making minimum payments.
* Add, remove, and update debts
* See date of total debt freedom
* Compare savings using debt snowball method vs. not applying snowball method
* Secure password protection
* Easy-to-use interface
* Freedom to optimize and select order of debt payoff
* Ability to e-mail debt information
* Summary of interest saved and debt payoff dates
* Detailed payment schedule, showing effects of applying debt snowball
* Online tutorials
* iPhone, iPod touch, and compatible with iPad
* Requires iPhone OS 3.0 or later
* 0.3 MB
Pricing and Availability:
Debt Snowball Pro 4.1 is $2.99 (USD) and available worldwide exclusively through the App Store in the Finance category. Review copies are available upon request.
Matthew King is an engineer, programmer, and financial expert. In addition to Debt Snowball Pro, he has developed other leading applications in the finance category, including Loan Calculator - What If? and Mortgage Calculator. Copyright (C) 2010 Matthew King. All Rights Reserved. Apple, the Apple logo, iPhone, iPad, and iPod are registered trademarks of Apple Inc. in the U.S. and/or other countries.