A new personal budgeting app for the Apple iPad aims to help consumers manage their debts.

The new app, known as CashMap, debuted in the Apple App Store last Thursday. CashMap shows consumers how managing their average daily balance enables them to pay off debt, lower their borrowing costs, and visualize their financial picture over the coming years. Those who want to make better use of their positive cash flow, accelerate a loan payoff, refinance their mortgage, or maximize their savings can benefit from the CashMap app.

"By creating your own scenarios, you can see where you’ll be financially in 15 years,” said CashMap founder and developer Dennis Williams in a statement.

Consumers can download the program for free from Apple’s App Store to learn how it works. They can then invest less than $20 to own the program and create a variety of personal scenarios for managing their personal debt, boosting their savings and creating favorable outcomes.

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