Paying off debts can be challenging, and keeping track of your debts can be even more challenging. But technology has made this job easier for you these days, as there are many cool apps to help manage credit card debt. These apps help you get a clear picture of your credit card use without wasting too much time. Moreover, you will also get to know about your spending patterns.
ChangEd
ChangEd is one of the most-used apps to help manage credit card debt. It’s available on iOS and Android phones. Downloading this app is free, but you will be charged a dollar per month. Once you sync your bank account with the app, ChangEd works by analyzing what you have spent and rounds up all the purchases you have done in a month to the next dollar, and then deposits the balance in your account. Once you reach $100, the amount is used for the payment of loans.
Credit Card Payoff
It is among the cool apps to help manage credit card debt and is free of cost. It is available on Android phones. This app helps you set a periodic goal to pay off a credit card debt and then guides you on how much amount would be required for a monthly payment. It also has easy and straightforward charts that compare various plans, out of which you can choose a suitable one.
Debt Payoff Assistant
It is one of the most-used apps to help manage credit card debt. It is available to all iPhone users and is available for free, but if you go for the ad-free Debt Payoff Pro version, you will have to pay a small amount. This app gives the user the ease of choosing a plan, such as the debt snowball method, targeting the highest balance or highest interest rates, or you can customize one as per your requirements. It eases credit card debt management by tracking your payoffs and shows a progress bar to understand total debts, remaining ones, interest saved, and payoff dates. Additionally, it makes you aware of extra payments and reminds you of due payments.
Mint
The list of apps to help manage credit card debt includes Mint, which is free of charge. It is available on both iPhone and Android, and you can also use it on a desktop. Mint helps you by giving you a detailed report of expenditures and budgets. The “Goal” feature in this app is incredibly useful and comes in handy for debt payments. It will guide you as to how much savings should be done every month to achieve your goal.
To conclude, money management needs regular and close tracking, as a small error can cost you a lot. Although no app is flawless and 100% accurate, one can make life easier by using the above apps to help manage credit card debt.