Considering today’s advanced technological development, humans are used to living life more in touch with their phones than with their inner selves.
Having said that, not a lot of people can imagine their life without a phone.
For that reason, there are thousands of mobile applications out there specifically made to further replace human contact while making your life easier hence making you more addicted as well.
Many people struggle to manage their finances, to track their spendings, to plan savings and stick to a budget. But now modern smart phones have applications that act as your personal finance assistant–help you to track your expenditures, monitor your accounts and even set the finance goals.
Among the above mentioned, we chose to turn our attention to these three special applications that can help you improve your financial habits by replacing your personal assistant.
1. Mint: Budget, Bills, Finance
Mint is one of the most trusted and popular finance applications in today’s time. It is an excellent app for free budgeting, automatic transaction categorization and monitoring and presents a comprehensive view of all finance systems.
It connects all your bank accounts, credit cards and investment portfolio into a single dashboard so you can have all details in a glance.It also does detailed sorting of all your costs for you, dividing them in groups – for example, food, transportation, clothing etc.
Its algorithms will help you manage your finances, asses your budget and notify you every time you need to cut your costs.
Mint provides deep analytical insights. It helps you to create personalized budgets on your spending habits, adjust them as needed and improve your finance goals or offer recommendations for savings.
So mint not only presents you with a clear picture of your finance statements–but it can help to optimize and improve them. It provides an easy-to-read dashboard and proactive reminders where the limit is being crossed. You can make better finance decisions without the hustle of manual tracking.
Let Mint handle the calculations and numbers so you can focus on your financial goals.
2. Goodbudget
If you want a visual approach to your budget management, Goodbudget might be a great choice. It is a tried-and-true concept inspired by traditional envelope budgeting methods into this digital age.
Goodbudget divides your income into different digital envelopes–each one of specific categories like groceries, rent, entertainment and utilities. It tracks your expenses within the allotted budget and prevents you from overspending. You can easily be aware of your expenditures and stay within the budget limit.
The collaboration feature makes it very useful and popular. This feature allows you to share your budgeting envelopes with your partner or family members, making it easier to manage the household expenses together. It promotes shared responsibility and prevents budget misunderstandings.
Goodbudget provides a free version of core budgeting features and an easy-to-use interface for new users. It is great for those who want a manual control rather than linking to bank accounts.
This application not only tracks your income and expenses but helps you to prioritize–an excellent skill for long term financial health.
3. Daily Budget
Still not sure how much your daily budget should be worth? This application has the answer for you.Daily Budget is an application designed for people who want a straightforward and motivational way to control spendings and boost savings.
Based on the input of your earnings and lifestyle, it will help you calculate your daily budget and, more importantly, motivate you to save.It breaks down your income into simple actionable daily limits and track progress towards saving goals.
Daily Budget provides a mindful approach to money management. It provides complete statistics over your spending habits, and prevents you from crossing the daily limit. It encourages small and meaningful habits of savings and helps to adjust your lifestyle to get long term goals.
The most accessible tool of this app for the beginners is to provide a daily motivation regarding budget awareness and to make it quite stress free.
Not a lot of people find managing their finances interesting so these types of apps are actually really useful.
By integrating tools like Mint, Goodbudget and Daily Budget into your life, you are having a digital assistant that helps you to make better finance decisions. Whether your goal is to save for a tour, paying off debt or gain more clarity about your spendings, these apps help you to have deep analytical insights and enjoy your money with greater peace of mind.We have listed a few of the better ones that can help you manage your finances, and keep track of your budget allocation. If you haven’t tried this till now, we highly recommend downloading one asap.
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