If there’s one thing we could all use in today’s topsy-turvy financial world, it’s an app for keeping tabs on our debts, with an eye toward paying them off. The creators of BillMinder are back with a companion app called DebtMinder that aims to do just that, using the popular “debt snowball” method recommending by money experts.

return7 has just released their latest app for the iPhone and iPod touch, DebtMinder. A companion to the company’s popular BillMinder (which is also available in a super-sized iPad edition), DebtMinder is a money-saving app designed to put users on the fast track to becoming debt free.

Using the popular debt snowball method recommended by financial experts, DebtMinder gives you a clear picture of your progress with an easy to understand payoff plan, thanks to slick graphics that will always let you know right where you stand. Choose your payoff plan based on targeting the highest interest or the lowest balance -- you’re in charge.

If you’re also using BillMinder, you’ll be happy to know that DebtMinder works in collaboration with that app -- simply link your accounts and any payment you add in either app will get mirrored right to the other, thanks to the free, cloud-based sync feature that comes with both.

Other DebtMinder features include email backup and restore, passcode protection to keep your sensitive data from the prying eyes of others, multi-currency support, export to CSV and comprehensive account history.

DebtMinder is available now on the App Store for only $1.99; the 3.9MB download is compatible with all iPhone, iPod touch and iPad models running iOS 4.2 or later -- but note it’s not a universal app.

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