# Debt-Reducing Apps The 'Cents' App Uses Spare Change to Pay Down Debt You've Accumulated By Michael Hemsworth | Published 2017-04-27 | Tech Source: Trend Hunter, https://www.trendhunter.com/trends/pay-down-debt References: [betalist](https://betalist.com/startups/cents) & [centsapp.io](https://centsapp.io) Spending beyond your means or paying for unexpected costs can quickly put you in debt, so the 'Cents' app works to help users pay down debt by using [spare change](https://www.trendhunter.com/trends/fingrow). 'Cents' actively rounds up the various purchases you make each and every day to the next dollar and puts the money to work to pay down your debt. While these amounts may seem small, the growing amount of money saved will help to expedite payments for various debts that are owning. The 'Cents' app works to help you pay down debt and will even show you how much interest you're saving as rates fluctuate. The app comes as a better way for younger users who might not have the most experience with debt to pay it down quicker without making drastic cuts. ## Trend Insights (Trend Hunter) - Score: 2.8/10 - Popularity: 28% | Activity: 47% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Millennial - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Tech](https://www.trendhunter.com/tech) > [Mobile](https://www.trendhunter.com/mobile) ## Key Themes ### Key Themes Behind This Trend - **Debt-reducing Apps:** Apps that help users pay down debt using spare funds. - **Micro-savings:** Promoting small payment amounts to pay down debt over time. - **Interest-tracking:** Apps that monitor interest rates and savings on debt payments. ### Where This Applies - **Financial Technology:** The Fintech industry can develop new apps and tools to help users pay down debt. - **Banking:** Banks can partner with app developers to create debt-reducing tools for their customers. - **Personal Finance:** Personal finance advisors can recommend debt-reducing apps to their clients. ## Related on Trend Hunter - [Action-Focused Finance Apps](https://www.trendhunter.com/trends/clearmoney-app.md) - [Financial Challenges Mobile Apps](https://www.trendhunter.com/trends/achieve-good.md) - [Stress Reduction Finance Apps](https://www.trendhunter.com/trends/moneycoach-app.md) - [Automated Budgeting Finance Apps](https://www.trendhunter.com/trends/spendid-personal-finance-app.md) - [Delightful Recurring Payment Apps](https://www.trendhunter.com/trends/m0nthly-app.md) - [Financial Health-Focused Apps](https://www.trendhunter.com/trends/cash-flow-and-capital.md) - [Budget-Free Personal Finance Apps](https://www.trendhunter.com/trends/cashews-app.md) - [AI-Powered Budgeting Apps](https://www.trendhunter.com/trends/ai-powered-budgeting-app.md) - [Financial Support Apps](https://www.trendhunter.com/trends/cleo-haunt-me.md)