Debt Payoff Planner

What Is Debt Payoff Planner?

Debt Payoff Planner is a straightforward mobile app that helps you build a plan to pay off your debts. You enter each debt — the name, balance, interest rate, and minimum payment — and the app calculates a month-by-month schedule showing when you’ll be debt-free.

It supports the three most popular payoff strategies: snowball (smallest balance first), avalanche (highest interest rate first), and custom ordering where you pick the priority yourself. The app shows you how much interest you’ll pay under each approach so you can make an informed choice.

The app is built by Oxbow Soft and has been around for several years, building a steady following among people who want a focused debt tool without a lot of extra complexity. It doesn’t try to be a full budgeting app or personal finance dashboard — it sticks to what it does well.

Who Is Debt Payoff Planner Best For?

People new to debt payoff planning. If you’ve never built a payoff plan before, Debt Payoff Planner makes the process approachable. The interface guides you through entering your debts and picking a strategy without overwhelming you with options or financial jargon.

Mobile-first users. If your phone is where you manage your life, this app fits right in. The design feels modern and responsive, and you can check your progress or update a payment in a few taps. There’s no web version, so this is purely a phone experience.

Budget-conscious planners. The free tier genuinely works. You can track your debts, compare strategies, and follow a payoff schedule without paying anything. The Pro upgrade removes ads and adds some extra features, but it’s not required to get value from the app. And at $2/month, it’s one of the cheapest premium debt tools available.

Solo debt payers. This app is designed for one person managing their own debts. If you need to share plans with a partner, you’ll want to look at apps with collaboration features. But if it’s just you and your payoff goals, Debt Payoff Planner keeps things simple and focused.

Pricing

The free version includes core debt tracking, strategy comparison, and payment scheduling with ads. The Pro upgrade costs about $2/month and removes ads, adds extra charts, and unlocks additional features like what-if scenarios.

Compared to subscription-heavy competitors charging $10-15/month, this is refreshingly affordable. You can also try the free version indefinitely to see if the app fits your workflow before upgrading.

Our Take

Debt Payoff Planner is a solid, no-nonsense debt tracker. It won’t dazzle you with AI-powered insights or automatic bank connections, but it delivers on the basics: enter your debts, pick a strategy, follow a plan, and track your progress.

The interface is clean and modern by mobile app standards. It feels polished enough that you’ll actually want to open it, which matters more than you might think — the best debt payoff plan is the one you actually follow.

Where it falls short is in advanced features. There’s no bank syncing, no partner sharing, and the strategy options are limited to the big three. If you want more flexibility — stress-based prioritization, BNPL tracking, or couples features — you’ll want a more specialized app.

But for straightforward debt payoff tracking on your phone at a price that won’t add to your financial stress, Debt Payoff Planner is a genuinely good option. It does what it says, and it does it well.