It brings the concept of snowflaking to the iPhone.

The idea behind snowflaking is simple. By saving small amounts of money on a regular basis, these can build up and be used to reduce your credit card or loan debt.

Many tiny snowflakes over time can build a mighty snowball!

For example, the cents you save by walking instead of taking a taxi. The money pocketed by picking a smaller coffee in the morning can be snowflaked, going towards your debt reduction target.

Cashflake helps you by giving you a simple interface to enter your savings and easily see your daily, weekly, monthly and yearly totals. At the end of the week or month, you can simply make a payment to the credit card company from the savings you have made.

The main screens are:

The Home Screen

Entering a saving

Add A Saving in Cashflake

Viewing your totals

View Totals In Cashflake

The first screen you see when Cashflake loads is the Home screen which shows your activity for the current month. It also allows you to Add a new entry and also edit your existing ones.

Many snowflakes can cover a mountain!

Snowflaking is a simple concept that involves keeping track of the small amounts of money you save by making different buying choices and putting these towards reducing your debt.

For example, if you decide to get a smaller coffee from the coffee shop in the morning, you might save $1 a day. Do that every day and you have snowflaked $5 over a working week.

On the face of it, that is not much of a change but over the year, that choice alone saves you $260 to go towards achieving your target of reducing debt.

Add the money you save by making different choices at the market or grocery store and you can see how all these small amounts add up.

That’s Snowflaking.

Cashflake helps you use the concept by giving you a simple interface to add, store and view the amounts you have saved for snowflaking so when you come to make your weekly or monthly payment, you know exactly how much you can add thanks to your wise choices.

You can find out more and download Cashflake here.