Debt Down for iPhone


Add all your debts one by one:

1. Go to the Debts section and tap "Edit" (if you start the app for the first time, the list will be in Edit mode).
2. Tap "Add Debt".
3. Enter a name and select an appropriate icon.
4. Enter basic parameters: current balance, annual interest rate, monthly payment.
5. Enter additional parameters if necessary: ​​term, the date of the first payment, the initial balance.
6. Tap "Done" to save the debt.
7. Tap "Done" to finish editing.

Payoff strategy (debt-snowball method)

The principle of the Debt-snowball method is to focus on one debt at a time and to pay as much as you can earn or save toward that one creditor to get the debt gone, while making only minimum payments to all your other creditors. Follow the steps to apply Debt-snowball method:

1. Open Snowball settings by tapping the countdown on the Goal form. Alternatively, go to the More section and tap "Snowball".
2. Turn "Use Snowball" on.
3. Enter an extra payment that you are willing to pay in addition to your monthly debt payments.
4. Select payoff strategy that suites you the most taking into consideration the savings calculated for each strategy.
Alternatively, determine some custom order of repayment (select "Custom" strategy)
5. Tap "Done".

Notice: Snowball settings affect the payment schedule and the payoff date.

Debt payments

Payment due date notifications are enabled by default. To adjust notification settings, go to the "More" section and tap "Settings" .

The upcomming payments are displayed on the Goal form. Tap the needed payment and confirm the action by tapping "Pay". Tap the arrow on the right of the payment to adjust an amount and to add a payment description.

Go to the Debts section and tap a debt to see the list of actual and planned debt payments.


Budget your expenses and save more. Use savings to pay off the debt faster.

Follow these steps:

1. Tap "Edit" to start a budget.
2. Set a total budget amount. This could be your total monthly income or just some amount which is available to you.
3. Add budget categories and set limits per each category.
4. Tap "Done" once you've budgeted all the categories.
5. The bar above the categories will show you the total monthly debt payments, monthly expenses, and monthly savings.

Start tracking expenses and keep an eye on your budget progress. (Notice: the amount displayed next to each category is the remaining amount).

In the next periods, you will be able to use "Wizard" to automatically create a budget. To do this, tap "Master" in the right upper corner when in editing mode (you have to have data for the previous period), and select one of the options: on the basis of actual values ​​of the previous period, or on the basis of budgeted values.

Record expense transactions every time you spend money. Tap "Expense" in the right upper corner. Then select an expense category, enter an amount, a date, and a description. Select a credit card if you used credit money. Add recurring transactions which will be recorded automatically. To do so, turn "Recurring" on when adding a new expense transaction.

You can customize the list of expense categories. To do this, go to More -> Categories. Tap a category to change its name, icon, or to delete it. Tap "Add Category" to add a new category.

Tap a category within the "Budget" section to get a list of expenses for the period selected. Credit card expenses are marked with a percentage sign. Tap % to calculate estimated cost of the purchase with the interest.


Control all your progress by analyzing a number of detailed reports.

Go to the "Reports" section:

1. Debt Remaining report displays the structure of your remaining debt. Tap the pie chart to switch between the modes: Principle or Principle + Interest.
2. Expenses Monthly report displays the structure of your monthly expenses. Tap the period to change it.
3. Payments Monthly report displays the structure of your monthly debt payments. Tap the period to change it.
4. Debt Payoff Graph report displays the remaining principle over time with snowball on and off.
5. Snowball Interest Savings report calculates future savings with snowball on.
6. Annual Interest Rate report compares debts by their interest rates.
7. Budget report shows budget progress over time (actual vs plan).
8. Payment Schedule displays a list of planned payments for the future periods. Tap a payment to have it displayed as principle and interest.
9. Payment History displays a list of actual debt payments for the debt selected. Tap a payment to have it displayed as principle and interest.
10. Expenses List displays a list of expense transactions for the period selected. Tap the period to change it.

Most of the reports can be exported in PDF by tapping the "Export" button. Use filter to get more insight of your data.

Loan calculators

Calculate "what if" scenarios to find the best loan options within seconds.

Go to More->Calculator:

1. Tap "+" to calculate a new scenario.
2. Select one of the calculators: "Payoff Date", “Loan” or "Mortgage".
3. Enter debt parameters.
4. See the results of your calculation.
5. You can also save it as a new debt, generate a payment schedule or export results in PDF.
6. Save the calculation results.

Compare calculation results with each other in the list.

Backup, password, settings

Go to More->Backup and tap "Create" to back up your data. Tap a backup from the list to restore your data and confirm. To store a backup file, connect your device to your computer, open iTunes, click on the device image, go to "Apps", select Debt Down app, select the backup file, and click the "Save to...".

Password will help you to protect your data from unauthorized access. Go to More->Password to set a password. If you want to disable the password, enter the current password and leave the other fields blank.

Go to More->Settings to adjust Minimum debt balance and Notification settings. Minimum debt balance affects payment schedule of the debt. If the debt hits the threshold the following payment will be calculated to pay off the debt entirely.


Manage your debts and track expenses. Debt Down will help you to stay focused and motivated.

Unlock achievements by staying on the right track. Do not miss a payment, spend less, and save more. The app will encourage you to keep up with your plan of getting out of debt for good.

Tell friends about your success via Twitter or Facebook.

The complete list of the achievements is available here: More->Achievements.


Have an idea how we could improve the app? Let us know! To get even more exposure to your idea, you may want to post your Feature Requests. Your requests can gain traction through community input and voting. We monitor the forums to consider functionality changes and feature requests from our user community. Make sure to Like Debt Down on Facebook to stay updated.

Debt Down for iPhone