When you talk about budgeting, most people feel that writing out their expenses on a piece of paper is too much work. Some would even suggest that they don’t have the time to write out all of their finances. For those that come up with those excuses, there are tools available that makes the process even quicker and easier. What is even better is that the information can go wherever you go. With a smartphone or tablet, you can access your information at any time of the day. Along with calculating your income and expenses, you can generate spending history for the month, track transactions, and create bill alerts. Some other additions include attaching your banking account to simplify the monitoring of what is going in and coming out of your account.
Here is a list of some of the best budgeting tools.
This tool specializes in monitoring your transactions and you have the option to link or not link your bank account information. One of its unique features is customizing the site’s applications, adding additional things to track and being able to choose the areas you want to display (amounts, dates, titles, etc.). You can view the results on graphs that are on the site or on your calendar. There is also the option to use applications the others have created on the site. Other options include scheduling income dates, forecasting outcomes, and a variety of business-based features.
This tool allows you to visualize your spending and bill payments on bar graphs, calendars, and more. This tool will focus more on your financial planning and less on tracking transactions. You still have the option to link your bank account to the tool and automatically track the expenses. The moneyStrands is able to produce a budget, based on the spending habits you input. It also offers personal financial tips, generated for each user. This tool can be accessed on your iPhone, online, and it is available for free.