Good money management is the number one key to achieving your financial freedom. But how can you do that when you don’t know how to start? In this article, we will be discussing how to start and where to start managing your finances.
Handling money is a crucial part of having the financial freedom you have always wanted. And there’s no age limit on achieving one, however, starting as early as you can have more advantages. Having a track record of your finances will give you transparency on your daily expenses, average monthly fees, how much money you can save, and whether your cash can suffice your student’s miscellaneous expenses.
If you have already started tracking your expenses through spreadsheets, that would be fine, but if you want something extra like the taxes and graphs, then there are cheap apps you can use. Other apps that we suggest here will also help you understand how taxes work and how you could benefit from it. So, we listed down below some apps that can help you keep track of your finances:
Mint is a budgeting app owned by Intuit. The company is one of the accounting-software giants who also owns TurboTax. Using Mint can assist you in putting together your credit card accounts and tracking your spending and saving in a single page. You’ll be able to develop your budgeting skill and as well as receive reminders when it’s time to pay your bills.
Clarity App was built to put all your banking transactions into one place so that it will be easier for you to organize and manage your funds. This Clarify App stands out among other finance apps in a way that it commits you to save money by detecting unused subscriptions and helps you cancel them.
Money Lover: Expense Tracker & Budget Planner
This Money Lover app is pertinent to its name and purpose. It has many features you can surely use, including linking of credit cards and accounts and crypto-currency. This app gives you strong security for its support fingerprint recognition. Once you upgrade for its premium features, you will be able to export your monthly expenses into an Excel sheet. This will be easier for you now to print it out and read your financial statements through the paper.
PocketGuard’s selling point is to act as a financial guardian every month. The app will suggest importing your accounts and categorizing your spending. Then after that, you can start adding actions like setting spending limits. They also design this app to look for cheaper alternatives to the financial products you currently have.
Seedly is quite known for its saving tips blog, which made them push to create an app that the users and readers can use. And what makes them stand out is their minimalist interface. This app is also a perfect fit for those people who are not that familiar with budgeting. Thus, making them feel efficient and effective in using the app.