If you find yourself loaning money to friends and then forgetting when, where, and how much you have outstanding, a neat little application has been developed called PayMeBack. This innovative app has been designed to take the pain out of remembering who owes you money and how much they owe.
Features of PayMeBack
The iOS PayMeBack application offers a variety of features to help you manage your loans more effectively. One of the standout features is the ability to store the location of when you lent cash. This makes it easier to remember why the cash was needed and provides context for the loan. For instance, if you lent money during a dinner outing, you can note the restaurant’s name and location, making it easier to recall the event later.
Another useful feature is the ability to split large bills among a number of people, such as housemates, when those dreaded bills arrive. This can be particularly handy for managing shared expenses like rent, utilities, or even group gifts. By using PayMeBack, you can ensure that everyone pays their fair share without the hassle of manual calculations.
Watch the video demo after the jump to see if it can help you.
Reminder System
One of the most appreciated features of PayMeBack is its reminder system. This system allows you to gently nudge your friends into paying you back by sending reminders directly from within the application. You can customize these reminders to be as frequent or as gentle as you like, ensuring that you get your money back without straining your relationships.
For example, if a friend owes you $50 for concert tickets, you can set up a reminder to be sent a week before the concert, giving them ample time to repay you. The reminder system is designed to be unobtrusive yet effective, making it easier for both parties to manage their finances.
PayMeBack is now available to download from the iTunes App Store for $0.99. This small investment can save you a lot of hassle and potentially recover money that might otherwise be forgotten.
In addition to its core features, PayMeBack also offers a user-friendly interface that makes it easy to navigate and use. The app is designed with simplicity in mind, ensuring that even those who are not tech-savvy can benefit from its features. The intuitive design allows you to quickly add new loans, set reminders, and track repayments with just a few taps.
Moreover, PayMeBack provides a secure environment for managing your financial transactions. The app uses encryption to protect your data, ensuring that your financial information remains private and secure. This added layer of security gives users peace of mind, knowing that their sensitive information is well-protected.
In conclusion, PayMeBack is a valuable tool for anyone who frequently lends money to friends or shares expenses with others. Its comprehensive features, including location tracking, bill splitting, and a robust reminder system, make it an essential app for managing personal loans. At just $0.99, it’s a small price to pay for the convenience and peace of mind it offers.
Source: Lifehacker : PayMeBack
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