Debt Planner & Calculator

Debt Planner & Calculator


What this app does: Organizes and plans out your debt. Tells you HOW long it will take to get out of debt with some basic monthly details. Up to FIVE (5) debts supported.

This app uses the Payment Strategy of paying off the "Lowest Balance First". Often recommended by experts as the best strategy.

Note: Debt Planner Pro ($1.99 USD) now includes Payment Strategies, Unlimited Debt Entries & Monthly Payment Reminders. The Pro Version is also ad-free and contains better tablet support. You may backup your debts in the free version before upgrading to the Pro and restoring (in Settings).

HOW TO USE THIS APP: Rather than giving us a lump-sum payment amount, you will decide how much to pay in the first round of payments (per card). We will then take those numbers and make the needed adjustments as time goes on. In this way, you have greater flexibility to manage over your debt. And can also play with the numbers to tweak your own plan.

Also: This app is currently set to work with the US decimal system. Other formats: Enter at your own risk! We hope to standardize in the future. (To be safe, anyone may use the app, but you may need to use whole numbers if you do not use the system it is designed for).

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Debt Planner will provide you with a quick, simple way of calculating different aspects of your current debt including the time it will take to pay off, the total interest fees over the lifetime of the debt, your current APR fee, and more! Whether it is credit cards, auto loans, personal loans, you can calculate it!


It will also factor in potential balance transfer fees and promotional rates as well! The app will then store your numbers for later use.

Calculations in this app are very accurate. Remember, if you feed it bogus numbers, you might get a bogus answer! It can only contain so many built-in protections!

Disclaimer: Debt Planner will simply give an approximate amount of time (in months) that you will be debt-free. There are many real world factors that will put you at a different end-date. In order to meet the formulated date, you must try to pay as close to your specified monthly payment goal as possible.

If you like this app, please consider purchasing Debt Planner Pro for only $1.99 (USD) cents to help further development done all in my spare time. The Pro version has:

Unlimited Debt
Payment Strategies
Make Monthly Payment
Monthly Payment Reminders
A much cleaner look
Ad-free
Additional cosmetic features.
Better Tablet Support

SEO: Debt, Finance, Calculate, Fee, APR, Rate, Month, Year, Goal, Total, Financier, Kicking Lettuce, KickingLettuce, Money, Debt-free, how to, calculate, formula, Interest Rates, Institution, Payoff, pay off, Balance Transfer, minimum, maximum, promotional, balance, fees, loan, down payment, debt payoff, debt pay off, monthly breakdown, Amortization

Recent changes:
4.5.2
- Small style tweaks & back end changes

4.5.1.01
- Ability to Backup before Upgrading to Pro (requires new "Write to SD" permission)
- Back-up located on external storage at /debt_planner/backup/debts.db
(When upgrading, simply go to settings in the Pro version, hit restore and start app! )

OLDER
- Currency Internationalization!
- Rebuild Monthly Planner
- Complete overhaul to how planner works; much faster performance now!
- Refined look in several areas; especially Monthly Planner
Add to list
Free
73
3.7
User ratings
138
Installs
50,000+
Concerns
0
File size
1299 kb
Screenshots
Screenshot of Debt Planner & Calculator Screenshot of Debt Planner & Calculator Screenshot of Debt Planner & Calculator Screenshot of Debt Planner & Calculator

About Debt Planner & Calculator
What this app does: Organizes and plans out your debt. Tells you HOW long it will take to get out of debt with some basic monthly details. Up to FIVE (5) debts supported.

This app uses the Payment Strategy of paying off the "Lowest Balance First". Often recommended by experts as the best strategy.

Note: Debt Planner Pro ($1.99 USD) now includes Payment Strategies, Unlimited Debt Entries & Monthly Payment Reminders. The Pro Version is also ad-free and contains better tablet support. You may backup your debts in the free version before upgrading to the Pro and restoring (in Settings).

HOW TO USE THIS APP: Rather than giving us a lump-sum payment amount, you will decide how much to pay in the first round of payments (per card). We will then take those numbers and make the needed adjustments as time goes on. In this way, you have greater flexibility to manage over your debt. And can also play with the numbers to tweak your own plan.

Also: This app is currently set to work with the US decimal system. Other formats: Enter at your own risk! We hope to standardize in the future. (To be safe, anyone may use the app, but you may need to use whole numbers if you do not use the system it is designed for).

-----------------------------

Debt Planner will provide you with a quick, simple way of calculating different aspects of your current debt including the time it will take to pay off, the total interest fees over the lifetime of the debt, your current APR fee, and more! Whether it is credit cards, auto loans, personal loans, you can calculate it!


It will also factor in potential balance transfer fees and promotional rates as well! The app will then store your numbers for later use.

Calculations in this app are very accurate. Remember, if you feed it bogus numbers, you might get a bogus answer! It can only contain so many built-in protections!

Disclaimer: Debt Planner will simply give an approximate amount of time (in months) that you will be debt-free. There are many real world factors that will put you at a different end-date. In order to meet the formulated date, you must try to pay as close to your specified monthly payment goal as possible.

If you like this app, please consider purchasing Debt Planner Pro for only $1.99 (USD) cents to help further development done all in my spare time. The Pro version has:

Unlimited Debt
Payment Strategies
Make Monthly Payment
Monthly Payment Reminders
A much cleaner look
Ad-free
Additional cosmetic features.
Better Tablet Support

SEO: Debt, Finance, Calculate, Fee, APR, Rate, Month, Year, Goal, Total, Financier, Kicking Lettuce, KickingLettuce, Money, Debt-free, how to, calculate, formula, Interest Rates, Institution, Payoff, pay off, Balance Transfer, minimum, maximum, promotional, balance, fees, loan, down payment, debt payoff, debt pay off, monthly breakdown, Amortization

Recent changes:
4.5.2
- Small style tweaks & back end changes

4.5.1.01
- Ability to Backup before Upgrading to Pro (requires new "Write to SD" permission)
- Back-up located on external storage at /debt_planner/backup/debts.db
(When upgrading, simply go to settings in the Pro version, hit restore and start app! )

OLDER
- Currency Internationalization!
- Rebuild Monthly Planner
- Complete overhaul to how planner works; much faster performance now!
- Refined look in several areas; especially Monthly Planner

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User reviews of Debt Planner & Calculator
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Android Market Comments
A Google User
Jul 26, 2014
Doesn't allow you to set a monthly payment budget... This app seems like a good idea, except that it doesn't actually bother asking me how much money I have to pay my debts off. I entered all my debts (into the pro version, I refunded hence reviewing this one), I picked my payment strategy and it told me I'd be debt free in 6 months. Lovely, except that is by paying 3 times more than I earn per month... I have hunted, and I can't see a way of saying how much I can budget per month to pay the debts off - It has a nicer user interface than Debt Payoff Planner but at least DPP asks me how much I have coming in and doesn't want to bankrupt me. In all this thing is utterly useless, unless you have an infinite income, because of that one huge, massively flawed elephant in the app... In response to ">> KickingLettuce Studios July 26, 2014" - Of course I read the description, and entered 12 debts (conveniently copied from DPP) and we don't all live in a magical fantasy world where we all have enough money to pay off our debts with some sum you just dream up. For people in that position this is just plain worthless.
A Google User
Jun 29, 2014
Easy Quick and easy to use
A Google User
Jun 5, 2014
ole Good
A Google User
Jun 4, 2014
OK Great idea. But if only it allowed payment according to interest rate it would be much more useful. Also allowing users to adjust amount used for debts would help.
A Google User
May 26, 2014
Good App more features would make it great This is a good App for tracking debt reduction, it would be a great app if you were able to add custom one time payments