Pay It Down at Mac App Store analyse

It’s complicated … esp under additional and Options needs the date format .. e.g… ddmmyy or mm/dd/yy or yyy/dd/mm or whatever.. Hope this all get fixed in the next updates..

putting in the numbers, the math does not add up. I compare it with my credit card statement that shows pay off dates if you only make minimum payments, and this software is off by 300 months. I dont think Pay It Down knows how the interest is calculated. Easy setup, not much value.

I am not sure how schikb used the program when he said that the math doesnt add up, but I think hes wrong. I have had no problems with the math... I did an initial couple of checks with my credit cards and the math was right on. Pay It Down helped me to figure out which of two loan offers was best for me (big loan for finishing my basement). I also saw the effect that paying just $25 more each month can do - shaved over a year off of the loan! I think that the graphs are very helpful and I like that the program is easy to use. I especially like watching my debt load go down! This program gives a good visual representation of the data.

This program is a great idea; It allows you to see when debt will be paid off, unfortunatly that is the only thing it does. Its not worth the $14.99 they charged. This app at most should be $4.99. Good concept, just not enough to really make the $15 dollars worth the purchase.