Ledgewise vs Debt Payoff Planner & Tracker
Both show a debt-free date and let you pick a payoff strategy. Ledgewise also includes a monthly envelope budget and runs on the web, iPhone, iPad and Android; Debt Payoff Planner & Tracker is an iPhone and Android app. The table compares them.
| Ledgewise | Debt Payoff Planner & Tracker | |
|---|---|---|
| Platform | Web, iPhone, iPad and Android | iPhone and Android app by OxbowSoft LLC |
| Price | Free plan with no time limit; Premium $13.99/mo or $99.99/yr, with a 7-day free trial | Free, with in-app purchases |
| Payoff strategies | Snowball and avalanche (Premium) | Snowball, avalanche and a “Debt Snowflake” strategy |
| Debt-free date | Yes, and a free calculator on the home page | Yes |
| Budget | Zero-based envelope budget in the same app | A payoff tracker |
Same price on the web, iPhone, iPad and Android. New subscribers get a 7-day free trial of Premium.
When should I choose Ledgewise?
- You want the payoff plan and a monthly budget in one place, so the money for extra payments is in the plan.
- You want to use it on the web as well as your phone.
- You want call scripts and letters for asking for a lower rate or a settlement. You send them; Ledgewise never contacts anyone.
When should I choose Debt Payoff Planner & Tracker?
- You only need a payoff tracker and do not want a budget.
- You want the Debt Snowflake strategy, which Ledgewise does not have.
Who is Ledgewise not for?
Ledgewise is not a lender and does not offer consolidation loans or credit repair. Bank sync works with US banks only.
What else do people ask?
Is Ledgewise a debt payoff planner?
Yes. You add each debt with its balance, rate and minimum payment, pick snowball or avalanche, and Ledgewise shows when your last balance hits zero. The payoff plan is part of Premium; tracking your debts is free.
What does Ledgewise add to a payoff tracker?
A zero-based envelope budget, so the money for extra payments comes out of a monthly plan. It also adds bank sync for US banks, a 60-day balance forecast and a negotiation kit.
Does the Ledgewise calculator need an account?
No. The calculator on the home page estimates your debt-free date from one total balance, one rate and one monthly payment. The numbers stay in your browser.
Does Ledgewise move my money?
No. Bank access is read-only, and Ledgewise only tells you who to pay. You make the payment yourself.
See your debt-free date in a minute. The calculator on the home page needs no sign-up, and the free plan has no time limit.
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