Top Three Apps to Stay On Top Of Your Student Loan
Whether or not you’ve opted to consolidate your student loans, one great way to stay on top of them, and your budget in general, is to use the latest and greatest in technology. No, we’re not talking about breaking out the spreadsheet and doing hours and hours of mind numbing calculations. You could do that, but really, who wants to go to that much trouble? Besides, there are a number of fantastic solutions available. Best of all, most of them are free, or nearly so. Below, you’ll find three great apps for keeping on top of your student loans and other expenses, and we’ll tell you why they’re great. Try one, or try them all until you find the one that’s a perfect fit for you.
Studentloanservice.us is not affiliated with any of apps described below, and makes no representations or warranties about any apps. See complete disclosure below.
LoanBook
Loanbook is an integrated package of smart tools that lets you manage just about every aspect of all your student loans, all in one place, and all with the same, common interface. It gives you a dashboard style view so you can get a top-level look at your total loan debt, and automatic notifications when something about your loan changes. Bear in mind that loans can be sold, terms and conditions can change over time, and your loan may well be a variable interest rate loan, so that can change too. Any time any of that does change, you’ll be notified immediately. Combine those features with the suite’s budgeting and loan payment optimization tools, the repayment strategies section, and live help when you need it, and you’ve got a winner here.
Virtual Wallet
Most banks offer some kind of app these days that allows you to check your account balances and schedule automatic payments, but PNC Bank goes a step further, and does it really well by adding a comprehensive and intuitive budgeting function. Well worth a look, especially if you’re shopping for a new bank anyway. By itself, it wouldn’t be a reason to switch, but if you’re already looking, it’s definitely something to consider.
Debt Snowball
This one’s not free, but is yours for just $1.49, which is a bargain no matter how you slice it. The basic idea behind the debt snowball effect is that you make minimum payments on all your debts, save one. This one, you apply every spare dime you’ve got to pay it off quickly. Once it’s gone, you now have slightly more money to play with each month, so you take the higher total and apply it to the next debt, pay it off quickly, and the effect magnifies over time. The problem, of course, is in figuring out exactly which debt is the “right” one to focus on first. Going after the cards with the lowest balances might not be your optimal move, especially if the lower balance debt has a lower interest rate attached than some of your higher balances. Debt Snowball to the rescue here, because it enables you to run comparisons so you can find the optimal payoff strategy, and get more breathing room, more quickly.
Disclosure:
Studentloanservice.us is not affiliated with any apps and makes no representations or warranties about any apps. Studentloanservice.us provides links to other websites not affiliated with Studentloanservice.us, and is not responsible for the content of linked websites and cannot be liable for any injury or damages in connection with any of these apps or from visitors’ ability/inability to access the linked websites. App comparisons are provided for informational purposes only.
