Family Loan Tracker vs ZimpleMoney: Complete Comparison Guide 2025
Managing a family loan shouldn't cost you hundreds or thousands of dollars in subscription fees. Yet many people considering loan management software face exactly this dilemma: pay ongoing monthly fees that can exceed the actual interest on their loan, or risk the complications of manual tracking.
If you're searching for a ZimpleMoney alternative for family loans, you're in the right place. This comprehensive guide compares Family Loan Tracker and ZimpleMoney—two popular solutions—to help you make an informed decision based on your specific needs and budget. Discover why Family Loan Tracker is quickly becoming the preferred affordable alternative to ZimpleMoney for families, with savings of 96-99% over typical loan terms.
The Family Loan Management Challenge
When you lend money to or borrow from family members, proper documentation and tracking are essential. Not only does it protect relationships by maintaining transparency, but it's also required for tax purposes and legal protection. However, the tools you use to manage these loans shouldn't cost more than the benefit they provide.
Traditional loan servicing software was designed for businesses managing dozens or hundreds of loans. These platforms charge accordingly—with monthly subscription fees, per-loan setup costs, and transaction fees that make sense for commercial lenders but can be prohibitively expensive for families managing one or two loans.
The question isn't whether you need loan management tools—you do. The question is: which platform offers the features you need at a price that makes financial sense for family lending?
Understanding Family Loan Tracker
What Is Family Loan Tracker?
Family Loan Tracker is a specialized platform designed specifically for families lending to each other. It focuses on simplicity, affordability, and providing all the essential features needed to professionally manage family loans without the complexity and cost of business-oriented platforms.
Why Family Loan Tracker Is the Best ZimpleMoney Alternative for Families
If you're evaluating ZimpleMoney alternatives for managing family loans, Family Loan Tracker stands out as the most cost-effective choice. While ZimpleMoney is an excellent platform for professional lending businesses, its monthly subscription model ($23-$77/month) and per-loan setup fees ($23 each) quickly add up for families managing just 1-3 loans. Family Loan Tracker was built specifically to solve this problem—offering all the essential family loan management features at a one-time cost of just $59 (or $29.50 with the special launch offer), saving families thousands over the life of their loans.
Core Philosophy
The platform operates on a simple principle: one-time payment, lifetime access. Instead of recurring monthly fees that add up over the years, you pay once and use the platform for as long as you need it—whether that's 1 year, 5 years, or 30 years.
Pricing Model
One-Time Payment: $59 (€49 for European users)
- No monthly subscription fees
- No per-loan setup fees
- No hidden transaction costs
- No payment processing fees
- 🎉 Special Launch Offer: 50% OFF if you upgrade within 24 hours of sign-up - Only $29.50 (€24.50) instead of $59 (€49)
This straightforward pricing means you know exactly what you'll pay upfront, with no surprises down the road.
Key Features
Based on the platform's functionality, Family Loan Tracker provides:
Loan Management:
- Create and track multiple loans
- Set custom loan amounts, interest rates, and terms
- Define flexible first payment dates and duration
- Choose payback percentages for flexible repayment
- Support for multiple currencies
Payment Tracking:
- Record all payments with dates and amounts
- Automatic principal and interest allocation
- Track payment status (scheduled, completed, overdue)
- Maintain complete payment history
- Support for interest payback tracking
Multi-Party Access:
- Separate lender and borrower accounts
- Real-time synchronization between parties
- Both parties can view loan details and payment history
- Transparent access builds trust
Professional Documentation:
- Generate loan agreements
- Export payment schedules
- Create reports for tax purposes
- PDF export capabilities
User Experience:
- Modern, intuitive interface
- Mobile-responsive design
- Easy setup in minutes
- No technical expertise required
Understanding ZimpleMoney
What Is ZimpleMoney?
ZimpleMoney is a comprehensive loan servicing platform originally designed for private lenders, land sellers, note investors, and business partnerships. While they offer family loan tracking, their platform is built primarily for professional lending operations.
Business Model
ZimpleMoney operates on a subscription-based model with tiered pricing plans designed to accommodate different business sizes and needs.
Pricing Structure
Monthly Subscription Plans:
Primary Plan - $23/month:
- One-time loan setup fee: $23 per loan
- Up to 3 loans maximum
- Borrower-initiated payments only
- ACH payments only (with transaction fees)
- Online and email support only
- Annual cost: $276 (subscription) + $69 (3 loans) = $345 first year, $276/year after
Professional Plan - $47/month:
- One-time loan setup fee: $23 per loan
- Up to 20 loans
- Automated payments
- Lender and borrower-initiated payments
- ACH payments only (with transaction fees)
- Phone and Zoom support included
- Annual cost: $564 (subscription) + $23-$460 (per loan) = $587-$1,024 first year, $564/year after
Unlimited Plan - $77/month (Most Popular):
- One-time loan setup fee: $23 per loan
- Unlimited loans
- Automated payments
- All payment types (credit, debit, ACH)
- Full support (online, email, phone, Zoom)
- Annual cost: $924 (subscription) + $23 per loan = $947+ first year, $924/year after
Additional Costs
Beyond subscription and setup fees, ZimpleMoney charges:
ACH Processing:
- Transaction fee: $1.50 + 2.0% of transaction amount
- Minimum transaction: $4.99
- Maximum transaction: $18.99
- Return item fee: $22.00
- Merchant application fee: $399 (one-time, for Professional and Unlimited plans)
Credit/Debit Card Processing:
- Visa/MC/Discover: 2.9% + $0.30 per transaction
- American Express: 3.4% + $0.30 per transaction
- Monthly account fee: $20.00
- Monthly PCI compliance fee: $6.58
- Merchant application fee: $399
Portfolio Migration:
- Up to 50 loans: $599
- Up to 1,000 loans: $999
- Custom development: $150/hour
Key Features
ZimpleMoney offers extensive features designed for business lending:
Loan Management:
- Loan Builder wizard
- 9 different loan types/amortization schedules
- Configurable interest rates, recurring fees, late fees
- Flexible payment periods (bi-monthly, monthly, quarterly, annual)
- Pause repayments, adjust terms, renew agreements
Payment Processing:
- Integrated ACH, credit, and debit card processing
- Automated payment collection
- Payment reminders with embedded "Pay Now" buttons
- Automated ledger entries
Business Features:
- Portfolio-level visibility
- Custom URLs for website payment embedding
- Private label and reseller capabilities
- 3rd party administration
- Bundle and transfer loans for portfolio sales
- Embedded chat/messaging
- Multi-party lender and borrower setup
- Full regulatory compliance (CPAA, BSA/AML, NACHA, PCI)
Documentation:
- Document cloud for agreements and photos
- Robust reporting capabilities
- Complete payment history
Pricing Comparison: The Real Cost
Let's examine what each platform actually costs over time for typical family loan scenarios.
Scenario 1: Single Family Loan, 5-Year Term
Typical situation: Parents lend $50,000 to child for home down payment, 5-year repayment
Family Loan Tracker:
- One-time cost: $59
- Monthly cost: $0
- Annual cost: $0
- 5-year total: $59
- With special launch offer: $29.50
ZimpleMoney (Primary Plan):
- Setup fee: $23
- Monthly subscription: $23
- Annual cost: $276
- 5-year total: $1,403
- Plus ACH transaction fees if using payment processing
Savings with Family Loan Tracker: $1,344 (96% less)
Scenario 2: Single Family Loan, 30-Year Mortgage
Typical situation: Family mortgage loan with long-term repayment schedule
Family Loan Tracker:
- One-time cost: $59
- 30-year total: $59
- With special launch offer: $29.50
ZimpleMoney (Primary Plan):
- Setup fee: $23
- Monthly subscription: $23 × 360 months
- 30-year total: $8,303
- Plus transaction fees for 360 payments
Savings with Family Loan Tracker: $8,244 (99% less)
Scenario 3: Three Family Loans
Typical situation: Parents helping multiple children with different loans
Family Loan Tracker:
- One-time cost: $59
- Covers unlimited loans
- Total: $59
ZimpleMoney (Primary Plan):
- Setup fees: $69 (3 loans × $23)
- Monthly subscription: $23
- Annual cost: $276
- 3-year total: $897
- 5-year total: $1,449
- 10-year total: $2,829
Savings with Family Loan Tracker over 5 years: $1,390 (96% less)
The Break-Even Analysis
With ZimpleMoney's Primary Plan costing $23/month plus $23 setup:
- Month 1: ZimpleMoney costs $46 vs Family Loan Tracker $59
- Month 2: ZimpleMoney reaches $69 total vs Family Loan Tracker $59
- After Month 2: Family Loan Tracker becomes cheaper and stays cheaper forever
Family Loan Tracker breaks even in just 2 months and saves you money every month thereafter.
Long-Term Cost Comparison Chart
Time Period | Family Loan Tracker | ZimpleMoney Primary | Savings | Savings % |
|---|---|---|---|---|
| 1 Year | $59 | $299 | $240 | 80% |
| 5 Years | $59 | $1,403 | $1,344 | 96% |
20 Years (Most common) | $59 | $5,543 | $5,484 | 99% |
| 30 Years | $59 | $8,303 | $8,244 | 99% |
Features Comparison
Essential Family Loan Features
Both platforms provide the core features needed for family loan management:
| Feature | Family Loan Tracker | ZimpleMoney |
|---|---|---|
| Create loan agreements | ✅ | ✅ |
| Track payments | ✅ | ✅ |
| Interest calculations | ✅ Automatic | ✅ Automatic |
| Payment history | ✅ | ✅ |
| Multiple loans | ✅ Unlimited | ✅ Plan-dependent (3-∞) |
| Lender access | ✅ | ✅ |
| Borrower access | ✅ | ✅ |
| Payment reminders | ✅ | ✅ |
| Professional documentation | ✅ | ✅ |
| Export capabilities | ✅ Multiple formats | |
| Mobile responsive | ✅ | ✅ |
| Multi-currency support | ✅ | Limited |
Advanced Features
Family Loan Tracker Advantages:
- ✅ One-time payment model
- ✅ No transaction fees
- ✅ Unlimited loans (all plans)
- ✅ 50% OFF special launch offer (24-hour window)
- ✅ Simple, focused interface
- ✅ No merchant application required
- ✅ Flexible currency support
- ✅ Interest payback tracking for special arrangements
ZimpleMoney Advantages:
- ✅ Integrated payment processing (ACH, credit/debit)
- ✅ 9 different amortization schedules
- ✅ Late fee automation
- ✅ Embedded payment buttons for websites
- ✅ Portfolio management tools
- ✅ Business-grade compliance features
- ✅ Chat/messaging between parties
- ✅ Private label capabilities
What You Actually Need for Family Loans
Most families need:
- ✅ Professional loan documentation
- ✅ Accurate interest and payment calculations
- ✅ Payment tracking and history
- ✅ Transparent access for both parties
- ✅ Tax documentation support
- ✅ Affordable, predictable costs
Both platforms provide items 1-5. Only Family Loan Tracker provides #6 for typical family loan scenarios.
Payment Processing: Do You Need It?
ZimpleMoney's integrated payment processing is powerful but comes at significant cost:
ACH Transaction Fees:
- $1.50 + 2% per transaction
- On a $1,000 monthly payment: $21.50 per transaction
- Over 12 months: $258 in transaction fees
- Plus $399 merchant application fee
- Plus monthly subscription
Credit Card Fees:
- 2.9% + $0.30 per transaction
- On a $1,000 monthly payment: $29.30 per transaction
- Over 12 months: $351.60 in transaction fees
- Plus $20/month account fee ($240/year)
- Plus $6.58/month PCI fee ($78.96/year)
- Plus $399 merchant application fee
- Plus monthly subscription
Family Loan Tracker Approach:
- Track payments made by any method
- No transaction fees
- Families typically use free bank transfers, checks, or payment apps
- You maintain full control and flexibility
Reality Check: Most families don't need payment processing infrastructure. They need payment tracking, which both platforms provide. But only Family Loan Tracker lets you track payments without charging transaction fees.
Target Audience and Use Cases
Family Loan Tracker: Designed for Families
Ideal For:
Individual Family Loans:
- Parents helping children with home down payments
- Sibling-to-sibling personal loans
- Grandparents funding education
- Family members helping with debt consolidation
- Any situation where 1-3 loans need professional management
Family Characteristics:
- Want professional documentation without business complexity
- Need transparent tracking for both parties
- Value predictable, one-time costs
- Handle payments through normal family banking
- Prefer simple, focused tools over enterprise features
Cost Sensitivity:
- Monthly subscriptions of $23-$77 are significant relative to loan size
- Want to avoid costs exceeding the value they provide
- Prefer to own software rather than rent it
- Value lifetime access for one-time payment
ZimpleMoney: Built for Business Lending
Ideal For:
Professional Lending Operations:
- Private lending businesses managing multiple borrowers
- Land sellers offering seller financing to multiple buyers
- Note investors with loan portfolios
- Family offices with complex lending programs
- Businesses requiring integrated payment processing
Business Characteristics:
- Managing 10+ active loans simultaneously
- Need business-grade compliance and reporting
- Require integrated payment collection infrastructure
- Want advanced features like portfolio sales and transfers
- Need private label or reseller capabilities
Cost Justification:
- Monthly fees are business expenses
- Transaction fees offset by business revenue
- ROI calculated across many loans
- Professional support required for business operations
The Clear Distinction
Family Loan Tracker = Personal car for family transportation ZimpleMoney = Commercial vehicle for business operations
Both are vehicles, both are quality options—but one is designed and priced for families, the other for businesses. Using ZimpleMoney for a family loan is like buying a commercial truck to drive your kids to school: it works, but it's expensive overkill.
Real-World Cost Scenarios
Let's examine specific situations to see how costs compare:
Scenario 1: $100,000 Home Down Payment Loan, 10-Year Term
Setup:
- Parents lend $100,000 at 4% interest
- Monthly payment: $1,012
- 120 total payments
Family Loan Tracker:
- One-time cost: $59
- Payment tracking: No fees
- 10-year total cost: $59
- Cost per month averaged: $0.49
- Cost as percentage of loan: 0.06%
ZimpleMoney Primary:
- Setup: $23
- Subscription: $276/year × 10 years = $2,760
- If using ACH: $21.70 per payment × 120 = $2,604
- 10-year total: $5,387
- Cost per month: $44.89
- Cost as percentage of loan: 5.39%
Total Savings: $5,328 (99% less)
This savings is equivalent to 5.3 months of loan payments—money that stays in your family.
Scenario 2: $30,000 Education Loan, 5-Year Term
Setup:
- Uncle lends $30,000 at 3.5% interest
- Monthly payment: $546
- 60 total payments
Family Loan Tracker:
- One-time cost: $59
- 5-year total: $59
- Cost as percentage of loan: 0.20%
ZimpleMoney Primary:
- Setup: $23
- Subscription: $276/year × 5 years = $1,380
- If using ACH: $12.42 per payment × 60 = $745
- 5-year total: $2,148
- Cost as percentage of loan: 7.16%
Total Savings: $2,089 (97% less)
Scenario 3: Three Loans to Different Family Members
Setup:
- $50,000 to child #1 (home purchase)
- $25,000 to child #2 (business startup)
- $35,000 to child #3 (debt consolidation)
- Various repayment terms averaging 7 years
Family Loan Tracker:
- One-time cost: $59
- All three loans included
- 7-year total: $59
ZimpleMoney Primary:
- Setup: $69 (3 loans × $23)
- Subscription: $276/year × 7 years = $1,932
- 7-year total: $2,001
ZimpleMoney Professional (needed if want more features):
- Setup: $69
- Subscription: $564/year × 7 years = $3,948
- 7-year total: $4,017
Total Savings: $1,942 to $3,958 (97-98% less)
Ease of Use and Setup
Family Loan Tracker Setup Process
Step 1: Create Account (2 minutes)
- Sign up with email
- Verify account
- No credit card required for trial
Step 2: Create Loan (5 minutes)
- Enter loan amount
- Set interest rate
- Choose first payment date
- Define duration and terms
- Invite borrower/lender
Step 3: Start Tracking (Immediate)
- Record payments as they occur
- View dashboard with all loan details
- Export documentation when needed
Total time to fully operational: 10-15 minutes
No merchant applications, no complex compliance forms, no payment processor integration. Just simple, straightforward loan management.
ZimpleMoney Setup Process
Step 1: Account Creation (5 minutes)
- Register with email
- Select subscription plan
- Enter payment information
Step 2: Loan Setup (15-30 minutes per loan)
- Complete Loan Builder wizard
- Choose from 9 amortization types
- Configure interest rates, fees, grace periods
- Set up borrower portal access
- Pay $23 setup fee per loan
Step 3: Payment Processing Setup (Optional, adds time)
- Complete merchant application ($399 fee)
- Await approval (days to weeks)
- Configure payment methods
- Set up compliance requirements
Step 4: Start Servicing
- Begin accepting payments
- Monitor through dashboard
- Generate reports
Total time to fully operational: 30-60 minutes (plus merchant approval wait time if needed)
User Interface Comparison
Family Loan Tracker:
- Modern, clean design
- Focused on essential features
- Mobile-responsive for on-the-go access
- Minimal learning curve
- Quick access to key information
ZimpleMoney:
- Comprehensive business interface
- Many features and options
- Steeper learning curve due to business features
- Professional reporting tools
- More complex navigation
For family loans, simpler is usually better. You want to check loan status, record payments, and generate reports—not manage a business operation.
Which Platform Is Right for You?
Choose Family Loan Tracker When:
✅ You're managing 1-10 family loans
- Cost-effective for any number of family loans
- Unlimited loans included
- No per-loan fees
✅ Cost predictability matters
- One-time payment
- No ongoing monthly charges
- No surprises
✅ You want simplicity
- Easy setup and use
- Focused feature set
- Quick learning curve
✅ Long-term loans
- 5+ year loan terms make one-time payment incredibly cost-effective
- No accumulating monthly fees over decades
✅ You handle payments directly
- Bank transfers between family members
- Personal checks
- Payment apps (Venmo, Zelle, etc.)
- Don't need payment processing infrastructure
✅ Budget matters
- $59 one-time vs $276+ annually makes a big difference
- Savings can go toward the actual loan
- Makes professional loan management accessible
✅ You want lifetime access
- Pay once, use forever
- No risk of service interruption if you stop paying
- Own rather than rent
Choose ZimpleMoney When:
✅ You're running a lending business
- Private lending company
- Seller financing operation
- Professional note investor
- Managing 20+ loans
✅ You need integrated payment processing
- Must collect payments directly through platform
- Need ACH, credit, and debit card processing
- Want automated payment collection
- Can justify transaction fees through business model
✅ Business features are essential
- Portfolio management tools
- Multi-party business structures
- Private labeling for your business
- Reseller capabilities
- Complex reporting for business operations
✅ Compliance requirements
- Need full CPAA, BSA/AML, NACHA, PCI compliance
- Regulatory oversight requires business-grade systems
- Third-party administration requirements
✅ Monthly costs are business expenses
- Can deduct as business operating costs
- ROI calculated across many loans
- Professional support needed regularly
✅ You need 9+ amortization types
- Complex loan structures
- Various loan products
- Specialized lending arrangements
The Simple Test
Ask yourself:
1. Am I managing family loans or running a lending business?
- Family loans → Family Loan Tracker
- Lending business → ZimpleMoney
2. How long will my loan(s) last?
- 5+ years → Family Loan Tracker saves thousands
- Multiple short-term business loans → ZimpleMoney may fit business model
3. Do I need integrated payment processing?
- No, family handles payments directly → Family Loan Tracker
- Yes, need to collect payments through platform → ZimpleMoney
4. What's my total loan amount and how much am I paying for management?
- Management cost > 1% of loan → Too expensive
- Family Loan Tracker: 0.06-0.20% of loan value
- ZimpleMoney: 3-7% of loan value over typical terms
Conclusion
Both Family Loan Tracker and ZimpleMoney are quality platforms for loan management, but they serve fundamentally different audiences and use cases.
ZimpleMoney is a comprehensive business platform designed for professional lending operations. If you're running a private lending business, managing seller-financed real estate, or operating as a note investor with dozens of loans, ZimpleMoney's monthly subscription model makes sense. The platform's extensive features, integrated payment processing, and business-grade compliance tools justify the cost when spread across many loans and business revenue.
Family Loan Tracker is purpose-built for families helping each other. It provides all the essential features needed for professional family loan management—documentation, tracking, calculations, transparency—without the business complexity and ongoing costs that don't make sense for personal loans.
The Math Is Clear
For a typical family loan lasting 5-10 years:
- Family Loan Tracker costs $59 once (or $29.50 with special launch offer)
- ZimpleMoney costs $1,400-$2,800 for the same period
That's a difference of $1,341 to $2,741 in savings—money that could go toward the actual loan, benefit the borrower, or stay with the lender. Over a 30-year mortgage, the difference exceeds $8,000.
The Right Tool for the Job
Using business lending software for family loans is like hiring a property management company to manage your personal home. Yes, they can do it, but it's expensive overkill for what you actually need.
Family Loan Tracker recognizes that families need professional tools without business-level costs. The one-time payment model means you're not paying rent on software month after month, year after year. You pay once, use it for as long as needed, and save thousands compared to subscription-based alternatives.
Making Your Choice
If you're lending to or borrowing from family members, the decision comes down to this: Do you want to spend $59 once, or $276+ annually, for essentially the same core functionality?
Both platforms professionally document loans, track payments, calculate interest, and provide transparency. But only Family Loan Tracker does it at a price that makes sense for families.
Start with Family Loan Tracker and save thousands while keeping your family loans professionally managed.
FAQ
Is Family Loan Tracker a good ZimpleMoney alternative for family loans?
Yes! Family Loan Tracker is specifically designed as an affordable ZimpleMoney alternative for families. While ZimpleMoney excels at business lending, Family Loan Tracker focuses exclusively on family loans with a one-time payment model ($59 or $29.50 with launch offer) instead of monthly subscriptions. You get all essential family loan features—tracking, calculations, documentation, multi-party access—without the business complexity or recurring costs. Families save 96-99% over ZimpleMoney's subscription plans.
How much does Family Loan Tracker cost compared to ZimpleMoney?
Family Loan Tracker charges $59 once (€49 for European users) with no monthly fees, setup fees, or transaction costs. ZimpleMoney charges $23-$77 per month plus $23 per loan setup fee, totaling $276-$924 annually (not including transaction fees). Over 5 years, Family Loan Tracker costs $59 total while ZimpleMoney costs $1,403-$4,643, representing savings of 96-99%.
Can Family Loan Tracker handle multiple loans?
Yes, Family Loan Tracker includes unlimited loans with your one-time $59 payment. You can manage loans to multiple family members, all included in the single price. ZimpleMoney's Primary plan limits you to 3 loans, requiring an upgrade to Professional ($47/month) or Unlimited ($77/month) plans for more loans.
Does Family Loan Tracker process payments like ZimpleMoney?
Family Loan Tracker tracks payments made through any method (bank transfer, check, payment apps) without charging transaction fees. ZimpleMoney offers integrated payment processing but charges $1.50 + 2% per ACH transaction or 2.9% + $0.30 per credit card transaction, plus monthly fees. Most families prefer free transfers between their own bank accounts and just need tracking, which Family Loan Tracker provides at no extra cost.
Which platform is better for a long-term family mortgage loan?
For long-term loans, Family Loan Tracker is dramatically more cost-effective. A 30-year loan with Family Loan Tracker costs $59 total for management. The same loan with ZimpleMoney costs $8,303 in subscription fees alone (not counting transaction fees). That's $8,244 in savings—enough to make several additional loan payments.
Is there a special launch offer for Family Loan Tracker?
Yes! 🎉 Family Loan Tracker offers an incredible 50% OFF discount if you upgrade within 24 hours of sign-up. This brings the cost down to just $29.50 (or €24.50 for European users) instead of $59 (€49). This limited-time offer makes already affordable software even more accessible for families.
What features does Family Loan Tracker include?
Family Loan Tracker includes all essential features for family loan management: unlimited loan creation, automatic interest calculations, payment tracking and history, multi-party access for lenders and borrowers, payment reminders, professional documentation, PDF exports for tax purposes, multiple currency support, and interest payback tracking. Everything you need without business features you don't.
When should I choose ZimpleMoney over Family Loan Tracker?
Choose ZimpleMoney if you're running a professional lending business (not family loans), managing 20+ loans, need integrated payment processing with automated collection, require business-grade compliance features, need private label or reseller capabilities, or want to embed payment collection on business websites. For family loans between relatives, Family Loan Tracker is more appropriate and affordable.
Can both lender and borrower access Family Loan Tracker?
Yes, Family Loan Tracker provides transparent multi-party access. Both lenders and borrowers can view loan details, payment history, remaining balance, and all documentation in real-time. This transparency builds trust and eliminates questions about loan status. The same feature in ZimpleMoney requires their paid subscription plans.
How long does it take to set up a loan on each platform?
Family Loan Tracker takes 10-15 minutes total to create an account, set up a loan, and start tracking. ZimpleMoney takes 30-60 minutes per loan plus potential days or weeks for merchant approval if using payment processing. For families who just need to document and track loans, Family Loan Tracker's simpler setup gets you started faster.
What's the break-even point between these platforms?
Family Loan Tracker breaks even after just 2 months compared to ZimpleMoney's Primary plan. After that, you save $23 every single month. Over one year, you save $240. Over 5 years, you save $1,344. Over 30 years, you save $8,244. The longer your loan term, the more significant the savings.
