Debtinator 3.0.8

Debtinator 3.0.8 is known as a useful tool which supports you to pay down your debt by intelligently finding all the money you never knew you had. Sure, vendors all sure budget better and plan for the future and pay off your debts, but the sacrificing is difficult. When the budget guru tells you to stop eating out so you can send that $80 to your credit card, he's right. It will help, but all you'll focus on is that you never get to eat out, not that you're saving 35 cents in interest.

Debtinator works differently. Instead, it looks for that little bit of extra money that you have and sends that to your debts. That extra $20 you find in your wallet every month. You don't miss that when it's gone. So just tell it that you want to eat out periodically and go to a movie and buy the latest video game. It works with you the way your life works to save you lots of money and get you out of debt faster.

Major Features:

1. Get out of debt your own way
   • Everybody always tells you that you should get out of debt. Now. Fast. As fast as you can. Think of the money you'll save!
   • But...realistically? So what. Talk, talk, talk. You've got bills to pay. You've got a life to live! You have expenses. Sure, you'll try and send the occasional $50 to your student loan on occasion, when you can. But if you happen to miss a few of those, well, what's the harm? It'll be paid off eventually, right?
   • And now some guy you've never heard of wants you to make sacrifices and never go out to eat just to save a few pennies on your car payment? Why should you bother?
2. Better tracking yields better results.
   • Debtinator takes a different approach. Instead of demanding you make sacrifices and cut back to pay down your bills, it tracks everything you want to do. If you want to spend $300/month on clothing, that's fine. Just tell it your income, your expenses, and your debts.
   • But you've probably got a little bit of extra money left over that you haven't budgeted. It's that $20 that a lot of users tend to have at the end of the month and end up blowing it on a pizza. your bills are paid and users look in your wallets and think "Hey, free money!" and then poof! It's gone as soon as you find it.
   • Debtinator will keep track of all of that extra cash for you and show you how to put it towards your debts. Don't send the minimum to your mortgage. Send the minimum + that $20 you would've wasted. The best part is, you're never going to miss it. You didn't even know you had it, so you'll never notice when you include it with your payment. But your bottom line will notice.
   • This is how the banks do it. They watch every single penny they have coming in and going out and they'll do whatever they can to bring in just a few more of them, because they understand that over time it adds up. You should have tools to do the same thing.
   • And it gets better. As debts get paid off, that frees up even more money. So once that car payment is gone and you have another $200 every month, don't waste it on video games and movies, start sending it to your mortgage instead. You'll never notice the difference - you're still paying the same amount of money every month, you're just writing one big check instead of two small ones.
   • Plus, you don't need to make any changes to your lifestyle. Most debt repayment schemes want you to make sacrifices. "Just spend a little less eating out every month, and save thousands!" Don't get me wrong - if you want to drop your clothing budget from $300 to $250, you're all for it. Then you can run a report and see how much additional money that'll save you. But it's always your choice. If you want to cut back and pay off your debts even faster, then awesome! If it's more important to you to go out to a movie from time to time and have a dinner on the town, then that's awesome, too. The point is, all you need to do is be honest about how you want to live your life, and Debtinator will help with the detail work.
   • If you really miss that extra pizza every month you were treating yourself to, then just add it back in - another $20 in the pizza budget and Debtinator will leave it for you.
3. Save thousands in interest with better planning
   • Frankly, I feel like a con man advertising this thing. It sounds too good to be true - give them $10 and they'll give you back $1,000! But you're not actually giving you any money like the scams claimin, you're just giving you the best tool to make sure you keep it in your pocket. It's your money. Keep it.
   • the only sacrifice you should make is $10 to buy a better calculator to keep closer track of your money. So order a small pizza without the hot wings instead of your regular order and that pays for it. Then, when you start using it, you can save tens of thousands of dollars in interest payments.
   • When you factor in things like mortgages, you're talking the ability to potentially get out of debt decades sooner with thousands of dollars more that you get to keep in your pocket. Surely $10 is worth that, right?
4. Multiple strategies
   • But how do you figure out who to send those extra payments to? Sure, you may be able to find that extra $50, but who is the best one to send it to? The debt with the highest interest rate? The one that has a low balance transfer rate now, but will skyrocket in 6 months? The one with the lowest balance so you can get it paid off more quickly?
   • Debtinator includes 21 different repayment strategies, so you can compare them all and see which one works best for you. Sure, realistically, using any strategy is going to save you a fortune over the minimum payments. But if you're already doing something, you might as well do it right and save yourself that extra $500 by using the right strategy. So use the approach that works for best you.
   • If you have any debts at all (and who doesn't), please give it a try. The savings can be huge.
5. Keep track of your transactions and schedule payments
   • And how do you keep track of it all? How much to pay to whom and when? By using the built in transaction ledger. Far more than just a simple checkbook program, Debtinator helps you partition your bank account into virtual budgets so you can use the Envelope Method in modern electronic times.
   • Plus, after you've run the reports to figure out your optimal repayment strategy, you can then save it as a payment plan so all of your spending is scheduled out for you. No more needing to keep track of how much you're sending to your mortgage and when, it's all available for you and logged against your bank account with a simple click of the "Apply" button once you write the check.
   • And as an added bonus, you can keep track of your credit cards in the ledger just as easily. This isn't just for bank accounts, after all. Track all of your spending and see where your money is really going.

Enhancements:

• Added color coding to the payment plan - green items can be paid now without waiting for further income, red items would cause an overdraft when paid
• Added ability to set how far in advance iCal alarms will go off (in General Preferences)
• Added option to set iCal email alarms (in General Preferences)
• Fixed a bug that could cause a hang when attempting to add a budget to a debt on the ledger (add a line item on the debts screen instead)
• Fixed a bug that would refuse a valid transfer in the ledger
• Fixed a bug that could cause a payment plan to flag as being removed when it still existed
• Fixed a bug that could cause a slowdown when creating a new payment plan
• Fixed a bug that could cause the minimum fee payment plan to never complete when using an escrowed debt
• Fixed a bug that would cause a document not to save after refreshing the payment plan ("Could not merge changes")
• Fixed a bug that could cause a document with a paid off debt not to save after refreshing the payment plan

Requirements:

• Requires MacOS X 10.4.0 (Tiger) or better