Support
The fastest ways to get help or make Snowball Budget better:
⚠️ Important Disclaimer
Snowball Budget is a planning and educational tool to help you visualize your financial goals and debt payoff strategies. This app is not financial advice, and calculations should be verified independently. Interest rates, payment schedules, and financial circumstances change; always consult your lenders for accurate payoff information. For significant financial decisions, consider speaking with a qualified financial advisor. The projections in this app are estimates based on the data you enter and should not be considered guarantees of future financial outcomes.
FAQ
How does the Planner math work?
Income − fixed costs − loan payments (minimums plus any extra you commit) − your monthly savings goal = what's left to allocate. Split that across your category budgets and the month is planned.
What's "Left to Spend" on the Dashboard?
Your monthly budget minus everything you've logged so far. It's the one number to watch day to day; if it's above zero, you're on plan.
Snowball or avalanche; which should I pick?
Snowball pays the smallest balance first, so loans disappear quickly and you stay motivated. Avalanche pays the highest interest rate first, which costs the least in total interest. Both work; pick the one you'll stick with, and you can switch anytime.
How is my debt-free date computed?
The payoff plan runs a month-by-month amortization of every open loan: minimum payments on all of them, with your extra amount aimed at one loan at a time based on your strategy. When a loan closes, its payment rolls into the next target; that's the snowball.
Does it connect to my bank?
No, by design. You enter numbers yourself, and nothing ever leaves your device (see the privacy policy). Entering expenses yourself keeps you more aware of your spending and actively involved in your finances. Logging an expense takes a couple of taps.
Where is my data stored?
In the app's local database on your iPhone, included in your normal device backups. Deleting the app deletes the data.