30 Tools to Track and Manage Debt

 Managing debt can be a daunting task, but with the right tools, you can take control of your finances and work towards becoming debt-free. Whether you have student loans, credit card debt, personal loans, or a combination of debts, utilizing various tracking and management tools can help you stay on top of payments, understand your progress, and make informed decisions. Below is a comprehensive list of 30 tools that can help you track and manage your debt effectively.

1. Mint

Mint is one of the most popular free financial management apps that helps you track all your expenses, including your debts. It automatically categorizes transactions and provides a clear picture of your outstanding balances. You can also set budget goals and monitor your credit score through Mint.

Key Features:

• Debt tracking with automatic updates

• Credit score monitoring

• Budgeting and expense tracking

2. You Need a Budget (YNAB)

You Need a Budget (YNAB) is a highly regarded budgeting tool that helps you take control of your finances, including debt. YNAB focuses on proactive budgeting, making sure every dollar is assigned a job. It can help you create a debt repayment plan by prioritizing payments to your high-interest debt.

Key Features:

• Goal setting for debt repayment

• Detailed debt management reports

• Helps with budgeting and expense tracking

3. Debt Payoff Planner

Debt Payoff Planner is an app specifically designed to help you create a customized debt repayment plan. You can input all your debts, their interest rates, and due dates, and the app will help you plan the best strategy for paying them off, whether through the snowball method or the avalanche method.

Key Features:

• Customizable debt repayment plans

• Visual progress tracking

• Debt snowball and avalanche methods

4. Credit Karma

Credit Karma provides free credit scores, credit reports, and debt tracking. It helps you understand how your debt affects your credit score and offers tips to improve it. Credit Karma also shows credit card and loan offers based on your current credit situation.

Key Features:

• Free credit score tracking

• Alerts for changes in your credit report

• Personalized loan and credit card recommendations

5. Zeta

Zeta is a financial management app designed for couples. It helps manage joint finances, track shared debt, and stay on top of payments. Whether you’re paying off student loans, mortgages, or credit cards, Zeta can provide clarity and structure for couples with shared debt.

Key Features:

• Tracks joint debt and shared expenses

• Budgeting tools for couples

• Helps manage debt repayment together

6. Tally

Tally is an app that helps you manage your credit card debt. It consolidates your credit card balances and makes automatic payments to reduce your debt, and it does so by offering you a line of credit at a lower interest rate than most credit cards.

Key Features:

• Debt consolidation with a lower interest rate

• Automatic payment management

• Credit card debt tracking

7. Simplifi by Quicken

Simplifi is a budgeting app that lets you track all your financial accounts in one place, including credit card debt, loans, and other liabilities. It provides a visual breakdown of your spending and debt levels, helping you stay focused on paying off your obligations.

Key Features:

• Comprehensive debt and expense tracking

• Customizable budgeting and goal setting

• Alerts for upcoming due dates

8. PocketGuard

PocketGuard is an app that helps you track your spending, but it also allows you to monitor your debt. With PocketGuard, you can set a debt repayment goal and track your progress. The app will also help you determine how much money you can allocate toward your debt payments.

Key Features:

• Tracks debt payments alongside other expenses

• Provides a snapshot of your financial health

• Automatically categorizes your spending

9. Debt Snowball App

The Debt Snowball App focuses specifically on helping you use the debt snowball method to pay off your debts. It organizes your debts from smallest to largest, and you can track your progress as you pay off each balance.

Key Features:

• Focuses on the debt snowball method

• Visual progress tracking

• Debt tracking and payment reminders

10. Prism

Prism is a bill-paying app that can also help you track your debts. By linking your accounts, you can see all your bills, including credit card payments, loans, and utilities. You can schedule payments and track your balances to ensure you stay on top of your debt.

Key Features:

• Tracks all types of bills, including debt payments

• Payment scheduling and reminders

• Notifications for due dates

11. Personal Capital

Personal Capital offers both investment tracking and personal finance management. It can track your liabilities and help you create a debt repayment plan. Personal Capital’s dashboard provides a holistic view of your finances, making it easier to manage debt alongside investments.

Key Features:

• Comprehensive financial tracking

• Investment and debt tracking

• Retirement planning tools

12. Credit Sesame

Credit Sesame offers free credit scores and reports, and it helps you manage your debt effectively. You can track credit card balances, loans, and other liabilities, and the app offers personalized debt management tips based on your financial situation.

Key Features:

• Free credit score and credit report tracking

• Alerts for changes to your credit profile

• Personalized debt management advice

13. EveryDollar

EveryDollar is a budgeting app that helps you take a zero-based approach to your finances. It allows you to set aside money for debt repayment as part of your monthly budget. You can track your spending and ensure that you're sticking to your repayment plan.

Key Features:

• Budgeting tools for debt repayment

• Expense tracking and categorization

• Customizable debt categories

14. Spendee

Spendee is another budgeting app that helps you track your debt payments and manage your finances. It provides visual charts to track your debt payments over time and alerts you about upcoming due dates.

Key Features:

• Tracks multiple types of debt

• Visual progress tracking

• Expense and bill reminders

15. Albert

Albert is a financial assistant app that offers debt management features. It automatically analyzes your spending habits and gives you personalized advice on how to pay off your debt faster. Albert also helps you set aside money for your debt repayments.

Key Features:

• Personalized financial advice

• Automatic savings suggestions for debt payments

• Debt payment reminders

16. Finovera

Finovera allows you to track and organize your bills and debt payments. It consolidates your financial information into one dashboard and helps you stay on top of your debt obligations by providing a centralized place for all your accounts.

Key Features:

• Bill and debt tracking in one place

• Payment history and progress tracking

• Reminders for upcoming payments

17. Bills Monitor

Bills Monitor is an app designed to help you track your bills and manage your debt. It allows you to set payment schedules and track due dates for credit card bills, loans, and more.

Key Features:

• Tracks all your bills and debts

• Payment reminders

• Customizable payment schedules

18. LoanBuddy

LoanBuddy helps you manage all types of loans, including personal loans, student loans, and auto loans. You can track your balances, set reminders for due dates, and compare various loan options to find the best repayment strategy.

Key Features:

• Loan tracking and management

• Repayment progress tracking

• Alerts for upcoming due dates

19. BillTracker

BillTracker helps you track your recurring bills and debt payments. It offers an easy-to-use interface for managing due dates and payment amounts, and you can set reminders to ensure timely payments.

Key Features:

• Recurring bill and debt payment tracking

• Simple, user-friendly interface

• Reminder alerts

20. Debt Free

Debt Free is an app focused on helping users get out of debt by following a structured debt repayment plan. It offers tools for setting goals, tracking debt progress, and visualizing your path to being debt-free.

Key Features:

• Structured debt repayment tools

• Goal-setting for debt freedom

• Progress tracking and reports

21. GoodBudget

GoodBudget is a digital envelope budgeting app that helps you allocate money for different categories, including debt repayment. You can plan your debt repayment strategy and track your progress in real-time.

Key Features:

• Envelope budgeting for debt

• Payment scheduling

• Expense tracking and reporting

22. DebtCalc

DebtCalc is an online tool that helps you create a customized debt repayment plan. You can input all your debts, choose a repayment method, and track how long it will take to pay off your debt based on your budget.

Key Features:

• Customizable debt repayment plans

• Debt snowball and avalanche calculators

• Payment tracking

23. Payoff Debt

Payoff Debt is a simple app designed to help users track their debt and make faster progress towards paying it off. It helps you plan payments, set goals, and monitor your debt-free progress.

Key Features:

• Simple debt repayment tracking

• Goal-setting features

• Debt progress reports

24. ClearCheckbook

ClearCheckbook is a budgeting and bill-tracking app that includes debt management tools. You can input your debt details, track your payments, and set goals for paying off your debt.

Key Features:

• Bill and debt tracking

• Payment reminders

• Expense tracking and budget management

25. Trello (For Custom Debt Tracking)

While not specifically a financial tool, Trello is a project management tool that can be customized for tracking your debt. You can create boards for each debt and track payments, goals, and due dates visually.

Key Features:

• Customizable debt tracking boards

• Visual progress tracking

• Due date reminders

26. Debt Tracker Pro

Debt Tracker Pro is an Android app designed to help you manage and track all types of debts. It helps you create custom repayment plans, set reminders for payments, and monitor your progress over time.

Key Features:

• Customizable debt management tools

• Payment reminders and notifications

• Progress tracking

27. Fudget

Fudget is a simple budgeting tool that helps you allocate money for debt payments. It's a straightforward tool to track your income, expenses, and debt repayment plans without a lot of bells and whistles.

Key Features:

• Simple debt and expense tracking

• Budgeting and goal-setting features

• Easy-to-use interface

28. Tally (Credit Card Management)

Tally helps you manage credit card debt by consolidating balances and making payments automatically to reduce your debt faster. It offers a line of credit at a lower interest rate, helping you save money on interest charges.

Key Features:

• Automatic credit card payment management

• Debt consolidation

• Lower interest rates for credit card balances

29. MoneyStrands

MoneyStrands offers budgeting tools along with debt management features. You can track your expenses, set goals for debt repayment, and get a clear picture of how much you owe.

Key Features:

• Debt repayment tracking

• Expense tracking and budgeting

• Goal-setting tools

30. TrackMySubs

While TrackMySubs is primarily a subscription management tool, it also works well for tracking recurring debt payments. You can set reminders for monthly loan payments, credit card bills, and other debts, ensuring you're always on track.

Key Features:

• Tracks subscription-based debts and bills

• Payment reminders

• Progress tracking

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Conclusion

With the right tools, managing and tracking your debt becomes a much more manageable task. Whether you're looking for a comprehensive app like Mint or a specific debt repayment tool like Debt Snowball App, the key is finding the tool that fits your needs and keeps you on track. By taking advantage of these 30 tools, you can make informed decisions, stay motivated, and ultimately achieve your goal of becoming debt-free.