Thursday, August 29, 2013

5 Best Apps to Better Manage Your Budget

By guest author Marcela De Vivo

Sitting down and creating a financial plan might just be the easiest aspect of budgeting. It feels good to go through all the numbers and commit to a certain amount of spending every week or month. You might even call it “fun” to go through that process.

Yet, the act of following through with those plans and actually managing a budget effectively is where a lot of people begin to break ranks with their spending plan.

While there’s no substitute for motivation, there are some apps that can actually help you manage a budget, and even create one if you haven’t already taken that step. These apps keep everything centered on your smartphone, instead of tucked away on a piece of paper in some obscure location around your desk.

They won’t do the work for you, but they’ll be a more immediate, comprehensive and helpful reminder that you need to keep track of your budget, while also providing you with all of the tools that you will need to do so. 

Here are a few of your best options:

1. Mint.com — The Mint.com app is owned and developed by Intuit, and is a nice free alternative to products like Quicken and QuickBooks. Everything you need to manage your money and your budget is in this app, so if you need a jumpstart on creating and managing your budget, this is the app you will want to target.

2. Manilla — ABC News, PC Magazine and Money Magazine have all cast their lots with the Manilla’s Bills and Accounts Manager app, giving it a wide range of positive critical reception and recognition.

The app itself is free and is geared towards managing bills across multiple accounts. You’ll also have access to customizable reminders and even online storage for electronic files that you might want to keep handy for tax day.

Overall, this is one of the most comprehensive and professional apps you can get without having to pay for it.

3. Pageonce (Now called “Check—Bills and Money) — This app isn’t the most popular of its kind, but it has a great reputation for more or less the same reasons as the apps mentioned above it. Nothing really sets it apart, although the interface is a bit simpler than what you’ll see with Manilla.

4. Expensify — Expensify is a budget management app that is focused on traveling and those who have to spend a lot of time on the road for their job.

You’ll be able to import data from all major credit card companies, as well as track mileage and spending for tax deductible costs relating to your trip.

5. BillGuard — This is an app that helps you manage your credit card expenses all in one place. If you’re using a credit card (or several) in conjunction with your budget, this app can help you avoid the ease and carefree feeling of swiping a card as opposed to handing over cash.

You’ll also be able to contact merchants and be alerted to fees, late payment charges or other “unseen” aspects of your credit card transactions.

Controlling Debt and Sticking to your Budget

While the budgeting of your finances is the first step in controlling any debt you may have from loans or credit cards, it is also good to look into debt management plans that could help minimize and eventually eliminate your debt and monthly payments to your credit card company.

Once you’ve been able to control your debt, your budget can act as a safeguard against getting yourself into another difficult financial situation. Use any of these apps to get a kick-start on properly managing your finances today.

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Marcela De Vivo is an experienced writer and marketer. She has been published in numerous high quality Internet publications including, SEOmoz, Wikipedia, Examiner.com, SearchEngineJournal, and About.com. 

5 comments:

  1. That’s a wonderful article, friend!
    I have recently found a website, which will actually take care of all your bill payments.
    Finovera provides an automatic bill pay service will pay your bills on your behalf. So, you will never have to worry about paying your bills.
    It will be done on time, every time!
    Finovera will send you an alert if a bill is unusually high or if you need to transfer funds to cover it.
    Finovera is absolutely free to use and always will be!!!
    Track household bills online using a safe and ultra-secure billing system, which will definitely get you rid of pain!!
    Finovera bill payment services is a reliable system and its gonna play a vital part in your financial life!

    ReplyDelete
  2. Strangely enough, I had never thought to consider using an app to manage money. It makes a lot of sense though, we use apps for everything else including our banking. I personally don't have a lot of debt to manage, but I would be interested in using an app to help me save money. Could you recommend an app that is suitable?

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  3. Heather, thanks for commenting. I'm not aware personally of any budgeting apps, but I'm sure if you do a search under that keyword you'll find a few of them that suit your needs.

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  4. Wonderful list of apps to manage the budget. Here with one more inclusion I would like to make and that is the cloud based Replicon's expense reporting software and app that operates in a cloud based platform with a calender based and user friendly interface. Have a look onto this as well to include during the second time. Check it out here - http://www.replicon.com/olp/expense-reports.aspx

    ReplyDelete
  5. Thanks Phick ... perhaps some of the readers will visit your link.

    ReplyDelete

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