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Do you find the activity of sorting out your daily, weekly, and monthly finances boring, time-consuming, or even overwhelming? At the same time, do you want to stay updated with your finances and achieve your financial goals? If so, then making it possible is now easier with accurate results! Personal finance smartphone apps are a great way to manage your money smartly and improve your financial outlook. Consider one of these six great personal finance apps for your daily and periodic spending, saving, and budgeting.

1. Mint

Mint is your all-in-one resource and the most popular budgeting app from Intuit to manage your money. You can sync your personal bank accounts, credit cards as well as monthly bills to your Mint account. It not only keeps track of your investment portfolio but also flags unimportant fees. Also, it automatically categorizes your monthly spending into many appropriate categories and analyzes your average monthly spending for each month which then becomes your budget. If you are overspending, it alerts you to reduce the spending manually. The on-the-go charts and graphs generated make it easier to know where you stand currently. Also, you receive notifications if your bills coming up and to go over your present budget.

2. Penny

Penny is an Artificially Intelligent (AI) chat box that can text you regarding your present finances. Upon linking your appropriate accounts, it can answer your specific money questions. For certain responses, it includes simple graphs, charts and even occasional gifs. You can use only pre-populated messages, such as ‘Breakdown for category’ and ‘Thanks, Penny!’. In addition, it provides crucial information such as your daily spending, updates of upcoming bills and what subscriptions are increasing their rates. It ensures minimal clutter as it is simply a long text thread, showing you only what you ask for.

3. Level Money

Capital One’s The Level Money℠ is a leading smartphone personal finance app that helps you spend with confidence, manage your money, save more and realize your financial balance. It breaks the numbers down into mini amounts instead of taking a monthly approach to making your budget. It also allows you to easily compare monthly spending and set-up personalized trackers to stay updated with specific types of transactions over time such as how much goes toward groceries and Uber rides, for instance.

This innovative tool automatically analyzes your financial outlook as well as personalizes and translates complex financial data into easily understandable information to keep you in control, on track and engaged with your personal finances. Level money seamlessly and automatically tracks your cash-flow, provides essential insights regarding saving and spending behaviors and reinforces positive habits.

4. Money Box

Designed mainly for Millennials (those aged 18-35), MoneyBox aims to ease your investing habit. In fact, it rounds up your everyday purchases and puts the additional money into stocks & shares information in order to help you start investing. After linking your debit card of your choice with your personal Moneybox account, you have to set the amount to be rounded up every month. It also allows you to make monthly top-ups that fuel your investment pot, thus managing your money with greater returns.

5. Pennies

Pennies is a great resource to manage your money, especially when you are prone to overspending. Simply create a one-time weekly, fortnightly, monthly, and payday personal budgets with a beginning period, holiday budget, and an end time budget with a specific amount. With a simple and user-friendly interface and several spending categories (food, health, entertainment, etc.), it demonstrates how much money assorted for each category you have left for today as well as the complete budget period. Consequently, any money that you do not spend that day is rolled over for the next day, thus your daily budget is recalculated. As you come closer to your spending limit, the colors of spending categories change, making it quicker and easier to see your current financial status in respect to your budget design.

6. Money Dashboard

Money Dashboard is a great personal finance app to manage your money and a clever tool that keeps your informed on your financial incomings and outgoings, such as current accounts, credit cards and savings all in one place, giving you a true view of your finances. Since most accounts, transactions and balances get refreshed every day, you are up-to-date with your present financial position, just at a glance and on the go.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

 

 

 

 

 

 

Couple having problem with bills and money.

Like it or not, money is one of the important necessities of life. Your affordability of traveling and achieving other goals is completely dependent on the amount of money you have. By controlling and managing money, you can manage your life effectively and more efficiently. Successful managing of cash includes the sources of income, expenses and spending money according to your priority. Money management is an art and by implementing a few simple skills, money can be saved for business.

Following are the few steps to manage household finances and focus on business finances.

Establish yourself monetarily.

Your first goal in life is to work hard and establish yourself financially. But, when you do, do not become ecstatic and spend it all! Remember to make an excel sheet to monitor all of your expenses. Always make a priority list with the most needed and urgent things on top with the least needed things at the bottom. This will always help you save through each month.

Understanding your monthly income.

Monthly income always comes at the end of the month or the start of the next month. A proper budget is required to keep a record of the monthly income and its sources so that they can be well spent as well as saved until the next income comes in. Don’t waste money on temptation. Spend wisely, save, and live debt free.

Budgeting.

Budgeting is a very crucial step for financial management and an important one for a flourishing and happy household. Budgeting helps in taking control of your household finances.  Budgeting prevents debts, unexpected expenditures, and enables savings for a new car, education expenses, and retirement plans.

Controlling your cash flow.

Cut down on your expenses on gifts, traveling, and leisure. Make every member of family accountable for budgeting. Keeping track of your mortgage interest rate is also important for a smooth cash flow. Always making a shopping list before shopping helps save money and cuts the cost of unnecessary buying. Pay your bill on time so that your avoid that pesky late fee.

Eliminating debts.

Often, we tempt on taking debts from family and friends to buy something urgently without planning and then we wait for the last minute to pay the debt. This results in causing a lot of stress which further leads to other problems like a lack of concentration, bad sleep, etc.   The best way to avoid all of this is to deal with debts head on. Pay the minimum amount required to slowly cut down your balance every month so that it is less of a burden on your pocket and you.

If your debts like rent, mortgage, energy bills, etc. are over exceeded, then you can also seek advice from debt advisors.

Savings.

First and foremost, set a goal to save as much as you can.  These savings are capable of helping you in different situations of life like in an emergency, unexpected wedding, or dreadful accidents. There are many ways to save money. You can spend less to save money. Stop over-spending on gifts or that trip to Target. Save at least 1-10% of your income. You can set up a savings account and add money to that account at the beginning of each month.

Wise use of credit cards:

Credit cards are a blessing as well as a curse. Credits cards help us buy things we need without having to pay the full amount. If we are able to pay the whole amount on the credit card bill due date, then we can enjoy these plastic cards.

In the case of non-payment on the due date, these credit companies add inflated interest which will drag us into the debt mess. So, be very careful when selecting the credit card as well as the limit. 

Conclusion.

With a good budget and saving habits, your financial management will provide relief of mind and a better financial future to deal with the entire unpredictable situation that life throws at you. Staying ahead in your payments and adopting positive financial habits will result in prosperous business finances and household.

Check out America's Best Bookkeepers


About Complete Controller® – America’s Bookkeeping Experts
 Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.