Quick Snowball LE

Quick Snowball LE Free App

Rated 3.10/5 (92) —  Free Android application by Entropy Specialists

About Quick Snowball LE

Track your Debt Snowball - this app allows you to enter and track your debts - and calculates balances and payoff dates based on the Debt Snowball method (pay the minimums on everything, and attack smallest debt first), as recommended by financial counselors such as Dave Ramsey.

This IS a very basic app - written in response to the fact that when we started the Dave Ramsey plan in March 2010, there was no simple free app available that could do exactly the bit of functionality I needed.

Basic Instructions:
1. Add your debts, including minimum payments, APR, original (for payoff display) and current amounts.
2. The app will display your debts in a list from SMALLEST to LARGEST. This is the 'debt snowball' - yes it is not mathematically optimal, but for many people is better psychologically.
3. In 'settings', set the 'Extra' monthly amount you expect to be able to apply to debt.
4. Pay the MINIMUM only on ALL debts except the top one on the list. Any extra disposable income should be applied to the SMALLEST debt to get it paid off.
5. The app calculates your payoff dates based on your 'Extra' monthly payment, so you can easily change your 'Extra' payment to see how taking a 500/month part time job can accelerate your overall payoff time. If you leave "Extra" = 0, then you are essentially planning to make minimum payments ONLY.
6. The first time you open the app each month, it will re-calculate (based on APR, minimum payments, and applying the amount you have saved as 'Extra' towards the smallest debt) what your current balances for all debts should be. If you pay more than the minimum on some debts, or the 'Extra' amount is not correct, you can also manually adjust those balances - but if the data is all correct, the new balances should all auto-calculate properly at the beginning of each month.

How to Download / Install

Download and install Quick Snowball LE version 1.1.0 on your Android device!
APK Size: 182 KB, downloaded 10,000+ times, content rating: Not rated
Android package: com.entropyspecialists.quicksnowballle, download Quick Snowball LE.apk

All Application Badges

Free
downl.
Android
1.5+
Bug
buster
n/a
Not
rated
Android app

App History & Updates

What's Changed
1.1.0 Hopefully fixed remaining force close issues by updating 'default' xml file.
More downloads  Quick Snowball LE reached 10 000 - 50 000 downloads
Version update Quick Snowball LE was updated to version 1.1.0
More downloads  Quick Snowball LE reached 10 000 - 50 000 downloads
More downloads  Quick Snowball LE reached 5 000 - 10 000 downloads

What are users saying about Quick Snowball LE

R70%
by R####:

I can not enter cents for my debts and payments. The decimal seems to only work when entering the APR. Love the UI, how I am quickly able to tell where I stand, and the ability to calculate the extra payments.. Would be 4 stars except not being able to enter the decimal point really bothers me.

R70%
by R####:

Ok, it's not Dave Ramsey's debt snowball, but it is just as good as a reminder for you to stay in check with your debt. I think it's awesome!

R70%
by R####:

Just was I was looking for, hope to see more work into it for better graphics and easier use. Thanks

X70%
by X####:

I use this for my debt snowball but I also have a category for my little emergency fund, my big emergency fund and my house savings. I just enter them as 0.1% and then if I have money in any of those accounts I can track those with my debts and know when I'll have them funded. Love that I can do that with this app! :)

X70%
by X####:

Just wonderful.. now if it only came with the cash to pay off my debt!! LoL.. this is a great program... its a must have!!

K70%
by K####:

Ok, it's not Dave Ramsey's debt snowball, but it is just as good as a reminder for you to stay in check with your debt. I think it's awesome!

K70%
by K####:

Doesn't help you DO anything. It is as helpful as writing a list of debts on s napkin.

X70%
by X####:

Just was I was looking for, hope to see more work into it for better graphics and easier use. Thanks

C70%
by C####:

Simple and easy to use.

X70%
by X####:

Stupid app

X70%
by X####:

I put all my debts in and it erased them all

U70%
by U####:

Does not save my work. Next time I open nothing is there.

X70%
by X####:

I like it probably look at it a couple times a day. I would like to see it with a place to put in what you paid this month and let it track the debt

X70%
by X####:

Very basic. Moved to Debt Payoff Planner. Much better app

X70%
by X####:

Only lists your debt. No interaction or tracking

T70%
by T####:

No instructions how how it works. Doesn't allow you to enter the amount you pay per month if above min. pmt.

X70%
by X####:

Great! This provided a simple visualization of our debt. Note: to add in extra payments, just edit loan's current balance.

X70%
by X####:

Great for basic debts! Needs some upgrades to handle student loans. Hope to see that soon.

X70%
by X####:

Love it! I now have my stupid displayed with payoff dates.

X70%
by X####:

DR...I love his system.

Z70%
by Z####:

It is good for tracking a little rudimentary in design, lacks a friendly U I, also visual aids, comparison tools, it does not export, orcreate report

H70%
by H####:

It is LLLAAMMEE it wont let you do anny thing it is boring

X70%
by X####:

Needs instructions

X70%
by X####:

Great app to use after taking a Dave Ramsey class.

Y70%
by Y####:

Seems to work fine on my droid x

X70%
by X####:

Doesn't help you DO anything. It is as helpful as writing a list of debts on s napkin.

X70%
by X####:

I can not enter cents for my debts and payments. The decimal seems to only work when entering the APR. Love the UI, how I am quickly able to tell where I stand, and the ability to calculate the extra payments.. Would be 4 stars except not being able to enter the decimal point really bothers me.

G70%
by G####:

Help. I use the app faithfully and after the latest update it will not open. Worked great on my note 3 until then. Please fix so I don't lose my data :(

Q70%
by Q####:

Just wonderful.. now if it only came with the cash to pay off my debt!! LoL.. this is a great program... its a must have!!

K70%
by K####:

Quick and easy to use on my HTC inspire . 5 stars.

O70%
by O####:

Still forces closed, can't access app at all, uninstalling

L70%
by L####:

It doesn't tell you anything really. Basically bar graphs showing what you have already paid.

S70%
by S####:

It keeps foreclosing! Motorola Xoom!

X70%
by X####:

Latest update did not, evidently, fix the force-close issue. Neat little app...wish it still worked. :(

K70%
by K####:

Mine is keeping its memory. Glad I'm down to just four sets including my home. But.... Is all it does is show me my current debts, and that's it? Need a small readme.

K70%
by K####:

please fix...won't let me open it. I use the snowball faithfully. Please fix! I don't want to lose my data.

K70%
by K####:

Its a good general tool, but it doesn't accept decimals so you have to update it manually every few months. Its great to get an attack plan; not worth keeping long term.

Q70%
by Q####:

I think this am is awesome.....just wish it automatically appliex ghe pymt on the due date not at month end....lol

K70%
by K####:

I am one that over complicates my budget, and snowball. This really help me keep thing simple and at my finger tips, great app!!

K70%
by K####:

Either I can't tell or this app actually does nothing but create a bar showing what percentage you have paid off. Which you probably already know. Uninstalled.


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Rating Distribution

RATING
3.15
92 users

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