Droplet Finance is inspired by the phrase "Little drops make the mighty ocean" and we believe that by the help of compound interest your money can make an ocean -figuratively speaking. Small amounts over time will grow exponentially if they are placed in a high interest fund. Droplet Finance aims to give its users a clear picture of how this works, tailored to the users input.
When saving money over a longer period of time it is essential to see the impact of inflation. Since we do not possess the ability to look into the future this is just a projection with basis in the average inflation rate over the past years.
We believe that an important aspect of saving money is paying down high interest debt first. While the stock market can fluctuate up and down, paying down a high interest loan is guaranteed profit!
By selecting a row in the payment plan you can see a detailed view of the selected payment. Notice how the rate cost decreases over time and the acutal downpayment of the loan increases.
Give your money a purpose! Not everyone wants to save money indefinitely and without a set goal to save towards. We have made it simple to find out how much you need to save each month to reach a certain goal, whether it is a new car, house, vacation or just the newest tech.
Get the app today, follow the link below:
https://apps.apple.com/us/app/droplet-finance/id1552937914