If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.
Bottom line: Debt Payoff Planner is a good choice if you want a free app that allows you to track and manage different types of debt easily.
| iOS app rating | 4.7/5 stars |
|---|---|
| Android app rating | 4.5/5 stars |
| Cost | Free with ads. Ad-Free Pro version is paid: $10 for two months; $6 per month or $24 per year for individual access, or $9 per month or $36 per year for friends and family access (a total of five users). |
Debt Payoff Planner is an app that helps manage your debt and pay off your loans. For individuals struggling with significant debt, whether credit card debt or loan debt, this app can help you prioritize and quickly pay off the amount you owe.
To begin using Debt Payoff Planner, you must create an account and log in. You'll need to add each debt along with details, such as the starting balance, minimum payment amount, and APR. You'll also need to note how much extra money you can put toward your debt.
After doing this, you'll be presented with a debt-payoff plan. You can find this under the Plan section of the app. Debt Payoff Planner will show you how quickly you can pay off your debt and give you insight into how extra payments can help you settle your loans quicker. It will also calculate when your debt will be paid off, assuming you follow the plan.
Within the Strategy portion of the app, you can toggle between three methods of debt reduction -- debt snowball or debt avalanche, or custom -- which allows you to organize your debts in a custom order of your choosing. You'll need to manually update the app when you make payments. Doing this will keep your payoff plan accurate and help you track your progress. You can record and track payments under the Track section of the app.
Debt Payoff Planner offers two app versions, an earlier version (DPP1) and a newer version (DPP2). For the following Debt Payoff Planner review, we will focus on the features included in the latest app version.
Make sure you're getting the best account for you by comparing savings rates and promotions. Here are some of our favorite high-yield savings accounts to consider.
| Account | APY | Bonus | Next Steps |
|---|---|---|---|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. 
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
up to 3.80%
Rate info
Earn up to 3.80% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Min. to earn: $0
|
Earn $50 or $400 and +0.70% Boost on Savings APY with direct deposit. Terms apply.
Earn up to 3.80% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC. |
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
Open Account for NexBank High-Yield Savings Account from Raisin
On Raisin's Secure Website.
4.70/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
4.15%
Rate info
Earn a guaranteed 4.15% APY for 90 days. After that, your savings keep growing at a competitive standard rate — currently 3.97% APY (subject to change). No minimum account balance required. Deposit or withdraw at any time with no additional fees. See product terms for complete details.
Min. to earn: $1
|
Earn up to $1,200 when you sign up and fund your account using code SUMMER26.¹
|
Open Account for NexBank High-Yield Savings Account from Raisin
On Raisin's Secure Website. |
Open Account for Happen Bank LevelUp Savings
On Happen Bank's Secure Website.
4.70/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor |
4.00% APY with $250+ in monthly deposits
Rate info
*LevelUp Rate of 4.00% APY applied to full balance with $250+ in deposits in Evaluation Period. Otherwise, accounts earn Standard Rate of 3.00% APY. LevelUp Rate applies to first two statement cycles. Rates variable & subject to change at any time. See terms: https://www.happen.com/legal/deposits/levelup-savings-t-and-cs
Min. to earn:
|
N/A
|
Open Account for Happen Bank LevelUp Savings
On Happen Bank's Secure Website. |
¹New customers only. Earn a cash bonus (the "Base Bonus") when you deposit and maintain funds with partner banks on the Raisin platform. Customers will receive a Base Bonus of $50 for depositing between $10,000 and $24,999; $125 for depositing between $25,000 and $49,999; $250 for depositing between $50,000 and $99,999; $500 for depositing between $100,000 and $199,999; and $1,000 for depositing $200,000 or more.
Customers may earn an additional bonus by setting up a recurring deposit within 14 days of their initial deposit (the “Recurring Deposit Bonus”). To qualify, the recurring deposit must be established within 14 days of the initial deposit date and it must execute at least two (2) times within 90-days of the initial deposit. Recurring Deposit Bonus eligibility is determined by your Base Bonus tier:
Customers are eligible to earn the Recurring Deposit Bonus associated with their Base Bonus tier or any lower Recurring Deposit Bonus tier. For example, a customer with an initial deposit of $200,000 (qualifying for the highest Base Bonus tier) whose aggregate recurring deposits total $500, is eligible for the lower tier and will receive the $50 Recurring Deposit Bonus. However, setting up a recurring deposit greater than your Base Bonus tier's required threshold will not qualify you for a higher Recurring Deposit Bonus.
The Recurring Deposit Bonus is paid in addition to the Base Bonus. To qualify for the Base Bonus and Recurring Deposit Bonus, your first deposit must be initiated between June 1, 2026, and August 31, 2026, by 11:59 PM ET, and the promo code SUMMER26 must be entered at the time of sign-up. Only funds deposited within 14 days of the initial deposit date and maintained with partner banks on the Raisin platform for 90 days will be eligible for the Base Bonus. Bonus cash will be credited directly to your Cash Account within 30 days of meeting all qualifying terms. This offer is available to new customers only and may not be combined with any other bonus offers. Raisin may modify or end this offer at any time and may withhold or revoke bonuses in cases of fraud, abuse, or violation of these terms or Raisin’s Terms of Service.
There are lots of things to like about Debt Payoff Planner. We offer more details below.
If you're struggling to pay off debt, you may not want to commit to a paid app right now. You can use Debt Payoff Planner without spending any money and get many benefits out of its features. Other debt payoff apps require a subscription, so this perk stands out.
This app features three different options to help you with your debt reduction:
Having three options gives you control over your debt-payoff plan. Some people prefer to see a personal loan with the lowest balance paid off first, as it can be more motivating. Others prefer to tackle a credit card balance or other high-interest debt first to avoid paying extra long-term interest charges. With a custom payoff strategy, you get to choose the order or your debts, allowing you to decide which debts you want to pay off first.
Debt Payoff Planner includes a graph of your total debt. The graph will break down everything you owe so you can visualize your progress. The app also shows your entire debt-payoff progress as a percentage. These visual representations can help keep you motivated throughout your debt-payoff plan.
Debt Payoff Planner allows you to map out extra payments. If you have extra money to throw down toward a personal loan, this is a great way to pay off debt and improve your credit score more quickly. This debt-management app will show you how much faster you can pay off your debt if you make regular extra payments.
The app includes links to educational resources to help improve your financial literacy. This will allow you to learn more about the different types of debt-payoff strategies and other helpful financial tips and personal finance resources.
TIP
Use our debt snowball calculator to estimate your expected payoff dates using the debt snowball method.
There's no such thing as a perfect personal finance app. These are a few areas we feel Debt Payoff Planner has room for improvement.
While many excellent features are included in Debt Payoff Planner's free version, some limitations exist. You'll need to upgrade to the app's pro version if you want an ad-free experience, advanced planning tools, more detailed graphs and charts, and the ability to export and print your plan.
If you get annoyed by seeing ads within apps, you should know that the free version of Debt Payoff Planner has ads. You must upgrade to the app's pro version to eliminate this feature.
Debt Payoff Planner doesn't integrate with your outside financial or bank accounts. Instead, you'll have to make manual payments outside of the app and then record them in the app. If you want to automate your debt-payoff plan, this app won't make that possible.
You'll need to enter everything you owe to get the most out of this app. This includes details like the type of loan, the starting balance, the minimum payment amount, and APR.
Monarch Money is a good alternative for anyone who already has a good handle on monthly payments and needs a robust, comprehensive, and customizable financial management tool.
For a limited time get 50% Off your first year with code MM50 at Monarch!
2026 Award Winner
Rocket Money is a good alternative for anyone looking for a budgeting tool that can help reduce unnecessary subscriptions, negotiate bills on your behalf, and monitor your credit.
2026 Award Winner
Debt Payoff Planner has a free app version with some limitations. The free plan uses ads to cover the cost. A pro version without ads is also available as an individual or a friends and family subscription. An individual pro plan costs $6 per month or $24 yearly. A family and friends pro plan, which you can share with four other people, costs $9 per month or $36 per year.
Debt Payoff Planner is an excellent choice for anyone ready to take action and tackle their debt. The app provides users with a payoff strategy, shows debt-payoff progress visually, and educates you on how extra payments can pay down debt faster.
A free, ad-supported version of the app exists. If you prefer an ad-free experience and want more advanced debt payoff features, you can upgrade to a paid pro plan within the app. An individual pro plan costs $6 per month or $24 yearly. A family and friends pro plan, which you can share with four other people, costs $9 per month or $36 per year.
With Debt Payoff Plan, you can organize and track your debt payoff progress. The app will present you with a suggested payoff plan, and you can toggle between different payoff strategy options. Debt Payoff Planner will show you what steps you can take to pay off your debt faster. The app also includes helpful visualization tools to track your progress and stay motivated.
Motley Fool Stock Disclosures
Natasha Gabrielle has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Avalanche and The Graph. The Motley Fool has a disclosure policy.
