To be honest, I was expecting a little more insight into my debt management than what this app delivers. Yes, it does calculate what to do with the extra money you get from paying off one debt... But thats about it.
Whats missing from this app:
- Cant provide payment history. You can enter an originating amount per debt, but thats it... No historical insight at all. Changing the "first payment date" alters the monthly minimum amount and term, for some reason.
- Cant add one-time or periodic pay-down amounts. I know when I get bonuses and can commit extra money to debt, but the only option in the app is a recurring monthly extra payment.
- Doesnt provide amortization details. How much of my money is going to principal vs debt, historically, now, and in the future?
- Doesnt provide a way to manage additional debt accrual, or give insight into which credit line to use. If I want to spend $500 next month, should it come from A, B, or Cash?
Not as helpful as Id hoped.