Budgeting one’s money is never an easy task. People differ in the way they spend and save money regardless of their income level.
In the U.S., the single biggest expense of Americans is housing followed by transportation according to data from the Bureau of Labor Statistics. When it comes to food, however, research has shown that Americans who earn more spend less on groceries.
Thankfully today, people can easily get help when budgeting their money through the various tools available to them. Numerous budget apps have been developed to help them keep track of their expenses, bills and accounts.
Check helps users monitor their bills, banks accounts, credit cards and monthly spending. This award-winning app shows your bills, due dates and other details in one single place. It also alerts users when their bills are due, their funds are getting low or when they are nearing their credit limits.
A free app that can be used on both iOS and Android devices, Check is also capable of scheduling your bills payments and allows users to pay bills using their bank account or credit card.
Mint is another award-winning app that helps users monitor, budget and manage their personal finances all in a single place. With this tool, people can see where their money is going and where they can save.
To use this free app, users can add their bank, credit, loan and retirement accounts and they will then be provide with a personalized budget. It’s safe to use as it uses the same security that banks use and it’s compatible with both iOS and Android devices.
Another great feature of Mint is it alerts users when they get unusual charges. Tips are then provided to help you manage your money wisely and reduce your expenses on fees and other bills.
PocketGuard allows users to access their bank accounts and check on their current balance and other transactions. It will show you how much money you have available right now, your income and your expenses.
This app is also capable of analyzing your spending habits through the use of simple charts and identifying payments that you need to focus on. It checks your income to give you an overview of your cashflow.
PocketGuard is available on iPhone, Android, on the web and even on Apple Watch.
This is a budget system that makes use of digital envelopes to help you manage your finances the right way.
With your digital envelope, you can sync your budgets across all your devices whether iPhone or Android. This way, you know where your money is being spent.
With this GoodBudget system, users can learn to save more and plan their budget well moving forward. This free app is available for both iPhone and Android devices. If you need to use more digital envelopes, though, you can opt for the paid plans that have more features.
These apps are great and helpful these days particularly for the tech savvy consumers but then again, they can still have issues. As such, it’s best to consider other traditional options such as getting a personal or payday loan online or even asking for financial help from family and friends. You can also check out other loan products such as getting a line of credit from MoneyKey.com to obtain fast cash for your emergency needs.
There will always be options when it comes to trying to secure some quick money, but the key is to try and avoid getting too far behind on your regular payments. Using the 4 apps mentioned in this post will definitely help keep you on track.