Plus, when are you doing most of your random, consumer-focused spending? It’s when you’re out and about right? What better way to keep track than with easy, fully accessible money apps right at your fingertips? Money apps give you access, portability, and real-time access on the go on your iPhone, droid, or computer anytime. READ MORE: 10 of the Best Finance Books for Kids No paper and pen or spreadsheets can do that. Many budgeting money apps may also connect to your bank account and credit cards to automatically download transactions and categorize your spending to match the budget you choose. The better you see your entire financial picture, the better you’ll be at sticking to it. The best budgeting money apps give maximum control over your money. But there are also many reasons why using money apps for budgeting works even better. Paper and pen, or even a spreadsheet are totally acceptable. Sure, it’s totally possible to budget perfectly fine without using money apps. READ MORE: 5 Helpful Tips For Budgeting This Year Why Money Apps Are The Best Way After all, good financial wellness comes down to great habits and behaviors.
And when you get down to it, budgeting also highlights what bad spending habits you may have that you want to improve. Not only does it ensure you don’t spend money you don’t have, but budgeting also helps you prepare for emergencies by putting away money for such occasions. Following a budget is really just about making sure to not spend more than you bring in, while also planning finances for both short and long-term goals.īudgeting with or without money apps is a sure way to keep your eye on the prize. It’s simply a proactive approach to organizing your finances by just tracking your income, expenses, and savings. That’s why this list of our 6 favorite money apps for on-the-go budgeting is the first place to start your new financial wellness journey.Įnsuring you can pay common expenses like rent, and bills, and then also have extra for entertainment is really what budgeting is all about. But the best way to manage expenses, calculate finances, and keep track of everything in one place is by using money apps. And while that works for some, others swear by using spreadsheets. Using paper and pen for managing a budget is definitely classic.