Debtinator 3.3.3 - Helps you get out of debt. (Shareware)
Pay only the minimum, and you'll be paying it off for the next 2 1/2 years and spend $862.07 in interest! Or, you can punch it all into Debtinator, pay the thing off in 3 months, and only spend $92.32. You just saved $769.75! That $15.00 registration fee is looking better all the time, isn't it?
Debtinator doesn't judge, it doesn't care about your lifestyle, it doesn't tell you where to put your money. A lot of debt repayment schemes want you to make sacrifices. "If you just spend $25 less per month on dinner, you'll save thousands in interest!" Sure, that's awesome! If you want to do that, please do. It will definitely help.
But Debtinator doesn't require you to do that. All it cares about is how much money you have coming in, and how much money you have going out. You tell it where you want it to go, and then Debtinator takes care of it for you. Then, once your bills are paid, it re-shuffles all the excess money you have and uses that to pay down your bills.
Say your monthly income is $2,500. Rent is $500. You budget $300 for food. Household expenses (electricity, water, gas) are another $200. Car expenses (maintenance, gas) are another $150. Entertainment (movies, clothes, dinner) is another $100. And that credit card up there has a $200/month minimum. That's $1,450 you need to get by (including fun things!). But you're bringing in $2,500, so you have $1,050 unaccounted for.
It's amazing how quick that extra money can disappear. Go out to eat a few more times, buy a few more DVDs, and it's gone. Yeah, even that extra $1,050 that you don't need. You probably didn't even notice you had it or when it's gone. That's bad. Debtinator keeps track of it for you. It uses that extra money and re-allocates it as desired to pay down your debts lickety split.
- Added balance over time chart to the Ledger pane
- When creating a transaction via drag and drop, can now specify amount by final balances
- Enabled debt to debt transfers
- Added prompt to allow mapping of applied transactions scheduled in the future to today
- Grouped the reports into better performing, worse performing, and indeterminate
- Scenarios will no longer complete until all negative account balances are non-negative
- Every event must occur at least once in a scenario
- Added additional backup options (now defaults to backing up weekly)
- Fixed a bug that could prevent display of items repeating monthly, by last weekday
- Ensured that debt payments made as advancing items properly cover interest accrued
- Fixed a bug that could allow multiple budgets of differing signs
- Fixed a bug that would not flag a payment plan as invalid