Don’t you wish budgeting was easy? Well, it can be. Thanks to ever-evolving technology, there seems to be an app for just about everything. You can now turn to your smartphone for financial tips. These apps can help you save money, budget for upcoming expenses and avoid things such as overdraft or late fees. After linking your checking or savings account to these apps, you can monitor your spending habits, set alerts for bills and even set limits on your daily spending.
Mint is a secure app that will update you on any unusual charges, and sends you personalized tips on how to budget your money based off of your spending habits. Also, Mint includes your credit score so that you can see effects of your financial decisions on a greater level. Oh, and it’s free! Wally, also free, is a budgeting app that is simply an expense tracker. You can either enter your expenses manually or take a photo of your receipt. Wally will notify you when bills are due, and when you reach your savings goals. It will monitor your spending habits, and create goals that are personalized for you.
Level Money is a very useful app that detects your income and expenses, and then shows you what you have left over to spend. It also gives you tips on how to pay off any debts or save for larger purchases. One of the more fun budgeting apps to use is called Unsplurge. Basically, this app is all about saving about for specific splurges. Budgeting seems to be so much easier when you are saving up for a splurge, rather than for rent or student loan payments. You can slowly put money away with Unsplurge, and it will notify you when you’ve finally saved up enough money.
Check in with your local credit union to ask about their mobile or online banking apps. Being able to check your account balance, view transaction history, transfer funds, pay loans and set up bill pay on the go is so convenient. Be sure to keep an eye on mainecreditunions.org, as there is a Latest + Greatest Mobile Apps section.
Do any of you use an app to manage your money? If so, what’s your favorite? I’d love to hear about it!