Credit Card Debt

5 Free Debt Payoff Apps You’ll Want to Use Now

Pin to Pinterest Share on LinkedIn

Paying off your debt can be a difficult process—especially if you’re doing it on your own. It can be hard to know how much you should put towards your debt each month and what the best debt payoff strategy is for your particular situation.  

Luckily, there are many free debt payoff apps that could make it easier for you to manage your debt. Here are a few of our personal favorites:


Not sure how much you should be paying on your credit card debt each month? Let a robo-advisor like Tally’s debt manager make recommendations for you. The app monitors your spending habits, credit card balances, interest rates, and payment dates. Then, it suggests a payment amount that aligns with your budget and goals. Tally even manages your credit card payments on your behalf so you don’t miss a payment.

The bottom line: Tally is great if you’re looking to completely automate your debt payoff plan.

Debt Payoff Planner

If you want to track your debt and figure out the best plan for paying it off, Debt Payoff Planner could be right for you. With this app, you enter all of your outstanding debts, decide how much you want to pay each month, and set up a payoff order for your cards. The app uses this info to design a payoff plan for you to follow that could help you get out of debt faster.

The bottom line: Debt Payoff Planner helps you easily track your debt and create a repayment plan that works with your budget.

Looking for a roadmap to pay off your debt? is a debt payment manager that will create a repayment plan based on your preferred repayment strategy. The free app generates a debt repayment spreadsheet for you to follow from with many different options, including the debt snowball, debt avalanche, and more. The app also comes with a suite of free tools to help you compare your debt repayment options and track your debt. 

The bottom line: If you prefer a simple spreadsheet over an automated debt payoff app, could help generate a repayment plan that works for you.

Money Strands

Sometimes paying off your debt is really a matter of budgeting. After all, it’s hard to know how much you can put towards your debt if you don’t have a handle on your income and expenditures. If that’s the case for you, we recommend MoneyStrands. The free app helps you set up a budget, creating savings goals, analyze your spending, and more.

The bottom line: While MoneyStrands doesn’t create a debt repayment plan for you per se, it could help you figure out just how much extra cash you have each month to pay off your debt.

Tip Yourself

If you like setting goals and rewards for yourself and want to gamify your debt payoff plan, give Tip Yourself a try. The app allows you to send yourself money for a job well done—sort of like a tip. That money is put into a savings account that you can use for whatever you want, including paying off your debt.

Let’s say you set a personal goal for yourself, like cutting back on your daily trips to your favorite café so that you can save more money each week. Every time you resist that morning caffeine fix, tip yourself $1 through the app. At the end of the month, take all those tips and put them towards your debt repayment. That way, you reinforce good habits and get out of debt sooner!

The bottom line: Tip Yourself makes it easy and fun to reward yourself for good behavior and set aside cash to pay off your debt.

You’re Just a Few Taps Away from Managing Your Debt

All these apps could help you pay off your debt faster. But if you’re struggling with over $10,000 in credit card, personal loan, or medical debt, there are several other debt relief options you may want to consider instead. Depending on your situation, you may even be able to find a lower interest rate or significantly reduce what you owe to your creditors.

John Russo is a Creative Manager at Freedom Financial Network. His goal is to make the world of personal finance more accessible so that everyday people can find the right financial solutions for themselves. In his free time, he enjoys hiking, reading pretty much anything, and spending time with his fiancée and two cats.