The Debit Tracker device is a new product category, similar to a supercharged electronic checkbook on steroids because it allows users to do so much more. It is the first smart money tracker that helps users build good financial habits for running both personal economies and/or small businesses from this hand-held device.

Indianapolis, IN (PRWEB) January 04, 2013

To help consumers uphold their New Year's resolutions to gain financial control and escape debt, Debit Tracker, Inc. has announced the release of the Debit Tracker System, the first smart money tracker that delivers real money control while enabling users to manage multiple financial accounts electronically and in real time. The hand-held smart money tracker lets users track up to 50 different accounts with over 1000 categories.

As the first smart money tracker of its kind, the Debit Tracker helps instill the most-needed habit for sound money management and wealth building: tracking. Reed Armstead, CEO at Debit Tracker, Inc. and author of Good Habits, Good Life! 5 Habits to Build Wealth One Step at a Time explained, “I saw that banks were virtually eliminating tracking methods by encouraging their customers to rely on automated banking. The result is that people don't know their balances and incur way too many overdraft fees and penalties. That model is good for the banks, but really detrimental for anyone trying to escape debt and save money. Appropriately, our slogan is ‘When money is tight and it's gotta be right, track it or lack it'.”

Additionally, the system interfaces with users' computers allowing them to review income and expense reports, categorize spending, and create and review budgets using the data entered with each transaction. The Bill Alerts function can be set up to provide automated reminders of recurring payments and deposits, so balances can always be updated.

The Debit Tracker System can also be used to manage at-home or side businesses with features including tracking of customers, products, inventory, sales and receivables, sales tax liabilities, and vendors as well as invoice and estimate creation. Expense reports for sales people and mileage tracking are also features of the Debit Tracker System.

According to Armstead, “The problem is that humans cannot manage what they cannot see, and too many transactions are not recorded immediately. The Debit Tracker fixes this hole in modern banking and lets consumers regain financial awareness and control.”

For more information or to purchase the Debit Tracker System (including the hand-held smart money tracker; carrying wallet; receipt, bill and document organizers; and interface software), visit http://www.DebitTracker.com.

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