You may choose to engage the services of a professional financial adviser to provide the expert guidance you need; however, budgeting apps can provide additional help in the form of an everyday method to manage your finances.
Just as professionals make use of financial adviser software, you can make use of budgeting apps to help you in a wide variety of ways; for example, they can help you to save money, to budget for future expenses, and to ensure you don’t waste money on paying unnecessary charges.
The only problem with budgeting apps in the modern world is that there are so many to choose from. To help you, here are some of the best budgeting apps to choose in 2016.
In the same way that financial adviser software and services such as https://www.intelliflo.com/client-management aim to take the effort out of day-to-day operations, the Mint budgeting app makes it simple to set a budget – and hopefully to stick to it!
It connects to your bank and makes use of your details to create a budget just for you; in addition, it uses the same sort of security that banks use.
PocketGuard is another app that connects to your bank, meaning you can keep track of all your transactions and balances in real times. This makes it a useful alternative to more basic tools such as the Citizens Advice budgeting aid.
The PocketGuard app makes money management easy and uses simple charts and tools to demonstrate where your money goes and where you can make savings.
You Need a Budget (YNAB)
This focuses on four simple rules that can help you to get your finances in order by making small changes. These are based around the idea that every bit of your money should be given a job, infrequent expenses should be planned for, you should learn to live within last month’s income, and you should be prepared to move on and take the flack if you do overspend.
In addition to helping you to budget, the YNAB app offers classes that you can view online, providing you with lots of helpful information.
This helps you to make use of envelope budgeting to manage your finances without having to carry around lots of envelopes wherever you go.