Having debt can seem like you are in the eye of a STORM. You have a job, we will call that an umbrella. Yet it keeps raining, we will call that bills. At first it was not a major problem. Just a light drizzle but soon it was too much for your umbrella to take. Bill after bill piles up and before long you’re in debt. There are many programs out there that claim to help manage and even eliminate your debt. Some are a few dollars to a few hundred. The medium for these programs have covered an equally large spectrum.

Everything from pamphlets to cassette tapes to now apps. Yet the question remains; do they work? Debt Payoff Pro by STORM is an iOS application that helps you manage your dept. It does this using the Debt-snowball method. Debt Payoff Pro will help you to payoff all your debts using the popular Debt-snowball method. The debt-snowball method is a debt reduction strategy that works best for credit cards. What you do is pay the cards with the smallest balances first then move up from there. You would use the cash you would have used on the card you paid off and add it to the minimum of the next card. Thus creating a snowball. This method is what is taught “financial experts” at the moment.

The program does a great job of helping with that strategy. It helps and by help I mean gives you the minimum you should be paying for each card. It takes all the work out of it. All you have to do is follow the very clear instructions. This app is a universal app meaning you don’t have to buy one for each device you own. The iPad version of the app is clear, easy to understand and interface takes full advantage of the larger screen.

If you have a lot of debt, no worries. No, I mean worry but not about tracking it. You can tack as many as you wish with this app. While the Snowball method is the preferred method for paying your debt off. You do however have other options that range from Highest Interest first to highest balance first. Over all there are a lot of ways not to get into the debt. The best way is to pay your bills on time oven better ahead of time. That however is not always possible. I mean we did have a recession people. When debt happens, this is the best app to mange, reduce and eliminate it.

Some of the many Features

  • Supports fast app switching and higher resolution Retina displays.
  • Designed for iPhone, iPod Touch, and iPad devices. No need to buy separate apps for each device.

  • Track unlimited number of debts.

  • Tracking your debt payment is as simple as highlighting the payment from the payment schedule.

  • Progress bar for each debt helps motivate you toward paying off your debts.

  • A complete payment schedule allows you to view the interest, principal, and remaining balance for each and every payment of the loan.

  • Passcode protection to keep financial information private

.- Export your payment list and amortization schedule in HTML format via email.

  • Configurable settings and beautiful debt icons to customize the application based on your preferences.
  • Prevents accidental deletion of debts and debt payment tracking.

  • Backup your data to your computer for safekeeping. Then restore it to your iOS device when you need to via the iTunes file sharing interface.

  • Pro: The app does just what it says it will do. It helps you get rid of dept, quickly and efficiently. The interface is clean and easy to use.

    Con: The only con I have is that is crashes on iOS 5. I know it’s a beta. (Works great on iOS 4)  I really could not find anything at fault with this app.

    Cost: $10

    Aye/Nay: This is a Aye. This is a helpful program that is easy to use. $1 is worth it.

    iTunes Link: Debt Payoff Pro

    By Rubens Saintel

    Proud father, #Haitian, photographer, consultant, writer & entrepreneur. I love video games, movies, plays, technology (surprise), beta testing apps and all things sci-fi. SaintelDaily.com |AppleWatch101.com | NBA101.com