Debt Buster ($2.99) by Wooza Mobile is the latest app designed to manage all of your personal finances. Though this app might look simple and fun, it is a serious tool. It includes a monthly budget feature, which calculates new pay-off dates. Users will also find numerous money saving tips. The app has a balloon on the home screen that slowly rises as you pay off your debt, an interesting monitoring tool. Reminders can be set, and you can also send e-mails to yourself with an overview of your accounts. A password can be set to lock the account to keep your data secure.
The app offers an intuitive way of managing all your expenses and personal finances. Compared to the other leading finance apps such as PageOnce and Jumsoft it does a good job. It allows users to add expenses and enter monthly income, which leads to a nice pie-chart of where your money is going. If used properly it could prove to be a useful way of managing your money.
Right now Debt Buster is available for $2.99 in the app store; I feel that for the price the developers should consider setting up the proper API’s with banks and credit card companies. This would allow direct synchronization with the user's accounts. Right now the app relies on the user inputting the correct information, which could easily be entered incorrectly. With direct synchronization, correct figures are guaranteed.
Overall, Debt Buster is a great new personal finance tool and could be very useful. Whether you have a lot of debt to pay off, or would just like an app to help budget yourself, it’s definitely worth looking into.