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The Best Budgeting Tools for Families

The Best Budgeting Tools for Families

These days, it is harder and harder for families to get by, with the cost of living rising ever higher, while it seems that pay packets have stagnated, and don’t match the rise in the cost of just surviving. And we know it can be hard to come up with the funds to even just have a little well deserved treat for the family every so often. It is for reasons such as these that having an effective budget is essential for families. Here, we take a look at some of the budgeting tools you can use to help keep track of finances, plan expenses better, and maybe even find additional funds for those all important treats. Best of all – they are all free to use.

Mint.com

Seen as a lifesaver by all that use it, Mint.com has been around for a long time, and for good reason. This is an online tool that you can link to your financial accounts, so it automatically updates in real time. You can even use this tool to work towards retirement goals! With their easy to understand graphs and visual tools, making a keeping to a budget becomes easy.

Moneytrackin’

If you seem to be haemorrhaging money and cannot pin point exactly where this money disappears to each month, then this is the tool for you. With Moneytrackin’, you can monitor outgoings and see exactly where funds are going, making it easier to change behaviour. You can even use this tool if you run a small or home business.

My Spending Plan

My Spending Plan allows you to make better choices for your outgoings. Creating a plan is easy and quick, allowing you to set short term goals, and to plan for upcoming special events that require additional expense, such as birthdays. As well as this, the bill tracker keeps you totally up to date, emailing you reminders of bills that are upcoming. And perhaps best of all, you can also get coupons and money off vouchers through this service, that will better allow you to live within your means.

SavvyMoney

SavvyMoney is for those looking to take proactive steps to creating a budget. It will first provide you with an understanding of what your current situation is, finances wise. From there, you can create a plan to repay debts better, and to budget far more efficiently.

PocketGuard (Mobile)

For those looking to manage their budget on the move, PocketGuard is available on both iOS & Android stores. Linking your accounts and cards to this app (over a secured connection) means that PocketGuard can keep track of, and categorise your outgoings, showing you how much exactly you have remaining to spend, which allows you to avoid going into the red.

These are just a small number of tools that are available to families out there who could do with creating a budget to better track and plan their finances. Truth is, we could all use a budget to plan out our financial comings and goings.

The Best Financial Based Apps For Your Smart Devices

The Best Financial Based Apps For Your Smart Devices

I don’t think there’s any of us out there that could not use a little help from time to time with managing of finances, preparing budgets, or any of the other monetary challenges placed in the way of today’s family units. In this article, we break down some of the better apps you can get for your smartphone or tablet, that will make the monotonous task of personal financial management that little bit easier to deal with. And best of all, these are all free in their respective stores.

Level Money:

Level Money is one of those apps that once gotten used of, becomes an essential tool for managing your finances. It allows you to calculate your remaining spendable money, after essential bills and other outgoings have been addressed. You can connect it directly to your accounts for real time updating of information, as money enters or exits your accounts. There is even a web version available, to give a better overall view for when you get back to the PC.

Qapital: 

If you are hoping to keep track and manage your savings a little better, then Qapital is the app for you. Purely mobile based (no web app), Qapital also links directly to your accounts, so you can see at all times just how your savings are building. This app motivates the user to save even more, by making small daily changes to their routines. You can even set a budget target, and at the end of the month, if you are above the range set, the app can auto transfer the surplus to your savings account for you. Job done! Look this one up.

Venmo:

One of the best overall apps for making or sharing payments is Venmo. An alternative to PayPal, the fees for making or receiving payments are a lot more favourable at just 3%. And as you can link your debit / credit cards and bank account info into the app, you will have all you need to make and receive payments, right in the palm of your hand.

Stash Investment:

If you like to dabble a little in certain investments, such as stock market shares, then Stash Investment could be the app you didn’t even know you needed. Enabling you to both buy and sell through it’s easy to use interface, Stash Investments is perfect for keeping track of your portfolio. If you are only just getting started, all you need is $5 to start investing (there is a test account service available too, so you can see exactly how it works).

Mint: 

I have detailed the Mint app before in a previous article, and this app comes highly recommended by all that use it. The online reviews speak for themselves with regard to this app. Surely one not to be overlooked.

These are just a few of the huge range of options available out there when it comes to financial based apps.

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