The icon for the app sits right on your phone’s app section with an attractive and unobtrusive icon. Upon startup, you are taken right to the dashboard where you can immediately see all debts that you are involved with, whether it’s money that people owe you or the other way around.
There are two main pages: the “They owe me” page, which shows other people’s debts that they have to you, and the “I owe them” page, which shows the debts that you have to other people. There is also the “settings page” which allows you to modify the color scheme of the app for free. ‘Night mode’ can be activated by either shaking the phone or by swiping upward with three fingers. I spent my time on night mode with a tan color scheme for the first few days. Later, I turned off night mode and switched the color scheme to green.
To add a new debt, press the + icon at the bottom right corner of the screen. From there, you can choose from 9 different emojis as a kind of profile picture for the person (or persons – there is even an emoji for a group of people) involved in the debt that is not you. You then enter the name, the amount, and the reason for the debt (and whether or not the debt is owed to you or you owe the debt to someone else).
Simply press the green + icon at the bottom right corner of the screen to confirm the new added debt and you are done.
Once a debt has been added, there are a myriad of options to choose from. You can add a reminder or delete the debt by sliding left on it or add new debts for that same person by clicking the gray + icon beside their photo.
You can open Debt Reminder’s settings page by tapping on the two horizontal lines that are located in the top left corner of the screen. You can select from five different ‘themes’ (or colors) for or even switch to ‘night mode’ which will invert the colors.
There are even seven different options for currency and you can have one selected for all of your debts at a time. You can pick from $, €, £, ¥, ₽, CHF, and ₹. Many countries have different names for their currency but use the same symbols, so this method helps to reach the highest number of people. This app does not deal with actual money, it is only a way for its user to log their debts on their own. It is their responsibility to mark debts off in the app as paid once they have paid them off and to create new debts when the situation arises.
Your account shows how much money you would receive if all debts were paid at that moment. I said that someone owed me $100 and that I owed someone else $20, so my account showed a net gain of $80. Once a debt has been logged in as paid, it is no longer a factor in your account’s theoretical balance because they no longer exist.
There are two main pages: the “They owe me” page, which shows other people’s debts that they have to you, and the “I owe them” page, which shows the debts that you have to other people.
If you have a lot of debts, you can search for a particular person by tapping on the magnifying glass icon and typing in their name.
Debt Reminder does provide a notification for loans that are due by setting a date for them. Find the loan in the menu and swipe left on it. There should be a “reminder” option with a calendar icon beside of it. Tap on this. Pick a date and time (the time is set in one-minute increments) and press ‘ok’. Once the time is reached, your phone should notify you in some way. I have not been able to make this work, however, so keep this in mind and be prepared to set reminders using another method if you are not able to get the reminder setting to work correctly.
Debt Reminder shows the names of people in alphabetical order whether or not they are involved in any debts on that page, so someone who owes you no money at all may still show up above someone who owes you money. This can hide them until you scroll down more. On top of that, all people named in your app will show up on both the “They owe me” and the “I owe them” pages, so there can be a myriad of people on either page who don’t belong (they will just have $0 next to their name).
Debt Reminder can be used for casual loans between friends or large loans that are paid off gradually. There isn’t an option to automatically remind you on a regular basis for recurring loans, so it is important to visit the app regularly if you have several loans, which can actually be a good thing: it encourages you to take all of your loans into perspective, not just the one that is due next.
This is a great app for simple debts, but it lacks the option to set a structured method of paying off more serious loans — there are no payment reminders for ongoing loans (such as rent) or ways to pay things off in installments. The reminder setting itself may not work at all. There can be quite a few people who don’t belong on a page, since all profiles will appear on all pages (people who don’t owe you anything will still show up on the “they owe me” menu as well as the “I owe them” menu if you owe them money). Other than the downsides mentioned above, it is still a very handy app, especially when keeping track of small, informal loans from friends and family. Personalizing the app’s appearance is completely free and can be changed on a whim according to whatever mood you are in at the moment.