Are Smart Phones Smart Enough to Get You Out of Debt?

Smart Phones Out Debt
Chris Brew
By: Chris Brew
Updated: March 1, 2016
Experts share their tips and advice on, with the goal of helping subprime consumers. Our articles follow strict editorial guidelines.

With more than one million apps existing today and thousands of new apps being developed each month, it seems as though there is an app for just about everything.

Do you want to slingshot a bird into a house, find a good restaurant for lunch or see when your favorite movie is playing at the movie theater?

What about paying off debt? Is there really an app for that? The answer is absolutely yes.

Why use an app?

So what is it about these apps that make them so special? Why is tracking your debt using a smart phone even worth your time?

The answer is simple. Cell phone apps have a funny way of connecting you to everything in your life.

“Apps can take a serious

situation and make it entertaining.”

Sometimes that is all you need to get headed in the right direction.

Have you ever told yourself you need to shed a few pounds? This is something that is on everyone’s mind, especially after the holiday season.

Paying off debt and losing weight have similar challenges. If going to the gym is fun, can you stick to your goal of reducing weight?

Make debt repayment fun.

If it is fun paying off debt, can you stick to your goal of reducing your debt? Yes, you can.

One debt reduction app is My Mountain of Debt. My Mountain of Debt helps people visualize their debt reduction progress in an entirely new way.

The idea of using the app is to add a little fun into the daunting task of paying off debt. My Mountain of Debt is designed to do just that, so users will be more likely to stick to their goals.

With all of the apps available, take the time to research the one that will work best for you.

Whether you are paying off the highest interest rate or your highest amount of debt first, it is important to have a debt repayment strategy you can stick to.

Debt reduction can be such a long process that it is more important to have a method that helps you to stay engaged in your efforts for the long haul.

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