Managing your finances is something that everyone should be motivated to control. Everything from budgeting to saving should be considered in your financial strategy to ensure stability. However, the challenge of how to accomplish that often arises as a result. Fortunately, in today’s era of modern technology, we have a variety of mobile apps at our disposal that can be used to help expedite such processes.
While many people have their own unique ways of managing their finances, apps can help you get your finances in order effortlessly. Here are some of the best budgeting apps that will help you eventually get all of your money back under your control.
PocketGuard is a very unique app that will allow you to gradually sync all of your financial accounts into one convenient location. That means everything from any loans and investments you have to your credit card accounts will all be grouped together. The reason why this app can prove to be very useful is that there are embedded spending limits within the app’s interface. This will give you a deep insight as to where you are spending and is then categorized into different “pockets”.
This app even comes with a nifty “lower your bills” feature that can give you an overview of the number of bills that you can be spending less on without leaving the app. All of these pertinent financial information is encouraged to help you make wiser financial decisions and put more money in your pocket. For further sound financial information, you can feel free to visit Pennon Partners for expert advice.
Goodbudget, once known as the Easy Envelope Budget Aid, is based on the unique envelope budgeting method. If you are wondering what the envelope budgeting method is, it is a very simple way to pay your bills and save your method. With this method, you will be able to set aside the money that you need for bills while maintaining a personal budget simultaneously on the side.
What the Goodbuget app does is envelope your bank balances while having an expense tracker available for you to use. What makes this even more beneficial for you is that all financial information can be synced through multiple devices such as iPhones and other smartphones. Over the web, you will also have the option of downloading transactions directly onto Excel. The app will then deliver reports to help you change your budget as needed. Most importantly, you will be able to get an idea of how much you are bringing in and how much money is going out.
Mint is another unique app that features some of the same attributes of the other apps on this list. What makes this app stand out is that it will organize credit card and banking transactions with a trending feature. You will be able to track many aspects of your finances such as your spending, cash flow, and income. You will also be able to see the fluctuations in your net worth based on how the other values trend. You will also be able to set up long term financial goals for you to reach.
Some of the other features on this app include creating a budget, getting tips for reducing fees and setting up bill reminders.
YNAB, also known as You Need a Budget, is a popular mobile app that focuses on the most difficult part of budgeting. That being behind on your finances and utilizing the income that you make this month to pay off bills from a month ago. YNAB works in a way to reverse this habit.
One popular feature that you will see with YNAB is the automatic emergency fund. YNAB helps you gradually build an emergency fund automatically so that you will have access to cash when you absolutely need it. This will allow you to move to a place where you have a bit of a cushion within your budget. You will also have one more month’s worth of living expenses based on this system.
This app will also sync your bank accounts, and you won’t have to worry about manual reconciliation or manual entry of your information. Goals for upcoming expenses to help you stay ahead of the game is also another great feature you should take advantage of. With all of the financial responsibilities you may have on your plate, you will probably need expert advice to help you manage it all. Pennon Partners has a great deal of resources for you to use if you need assistance.
If you want to enhance your experience with a budgeting app, the live support feature that Mvelopes offers may be of interest to you. Mvelopes offers more budgeting capabilities than your average mobile app because you will be able to choose the level of service that you want, and the live support can give you a whole new view of your finances. Live chat support is available on the three plans that are offered, but you will also have access to a personal finance trainer. You will also have monthly sessions with this trainer that you come into contact with.
The three Mvelopes plans go from Basic to Complete, with the latter option featuring customizable plans, financial education, and accountability. It also comes with personalized sessions to check in on your progress and give you valuable insight as you can go.
You should be taking advantage of the apps that are available across all mobile platforms and get control of your money back. Don’t let any distractions get in the way of taking back your financial life, and begin making your life easier by taking a look at some of these apps.