Utah State Today - University News

Utah State University Logo
28Jul2014

New Student Orientation: One-Day SOAR

New Student Orientation for new incoming students and…

28Jul2014

Enchanted Modernities - Mysticism, Landscape & the American West

Caine College of the Arts and the Leverhulme Trust…

28Jul2014

Artisan Aggie Cheese Tasting

Artisan Aggie Cheese tasting & video presentation…

29Jul2014

Biology Seminar: Susan Frisby Robinson, Masters Thesis Defense, Biology, USU

Susan Robinson, masters student of Jon Takemoto, will…

29Jul2014

Science Camp

Meet at the Extension Office in the basement of the…

More events

CONNECT WITH US

Blogger Facebook Twitter You Tube RSS

USU Extension Faculty Members Develop PowerPay Debt Elimination App


Thursday, Jun. 19, 2014


screenshot illustration for new PayApp

The PowerPay debt elimination iPhone/iPad app recently hit the app store, and within the first 11 days of its launch, was downloaded in 11 countries. The app, co-developed by a Utah State University Extension team led by Margie Memmott of Juab County and Dean Miner of Utah County, and a New Mexico State University Extension team led by Barbara Chamberlin, is aimed to help debtors become savers.

 

The PowerPay app is based on the financial tool developed in 1992 by Miner and former Extension employee Judy Harris. It was first developed as a CD, then a website, then users pointed out the opportunity it had to reach the mobile audience.

 

Consumers can enter their balances, payment amounts and interest rates for each debt, and PowerPay will calculate the best repayment schedule to save time and money. In addition to helping develop a personalized, self-directed debt elimination plan, the app is unique in that it also provides users the option to simultaneously build up an emergency fund as they continue to follow their debt payment plan and avoid additional debt.

 

Google analytics reports nearly 105,000 hits during 2012 for the online debt management tool.

 

Memmott said this is indicative of the need consumers have to get out of debt and customize and manage their re-payment plan to fit their individual circumstances.

 

“The new PowerPay mobile app can help them accomplish that, even on the go,” she said.

 

To download the free iPhone/iPad PowerPay app, visit the iTunes app store. For a more comprehensive version of PowerPay and additional debt elimination tools, see the PowerPay website.

 

Related link:

Utah State University Extension

 

Contact: Margie Memmott, 435-623-3451, margie.memmott@usu.edu

Writer: Julene Reese, 435-797-0810, julene.reese@usu.edu



     email icon  Email story       printer icon  Printer friendly
 






Send your comment or question:

We welcome your response. Your comment or question will be forwarded to the appropriate person. Please be sure to provide a valid email address so we can contact you, if needed. Your response will NOT be published online. Thank you.

NOTE: Do Not Alter These Fields, they are used to limit spam: