Creating and sticking to a budget is an ongoing goal for many people. Using an app for budgeting can help you save money and avoid overdraft or late payment fees. Many apps provide notifications to let you know when you have gone over budget or when you are nearing deadlines to pay bills. Here are some of the most popular free budgeting apps to help you keep your finances in check:
Mint – One of the reasons that the Mint budgeting app is so popular is that it takes the stress and effort out of creating a budget. This handy app connects to your bank account and uses details from your spending patterns to help you create a budget. Once the budget is created, you also can edit it based on spending categories. Download the Mint app for use on Apple or Android.
YNAB (You Need A Budget) – YNAB uses a unique educational approach to teach users how to budget their finances and create habits that help them stay ahead of debt for good. Learn more about YNAB here. Download YNAB for Apple or Android.
PocketGuard – Much like Mint, PocketGuard connects to your bank account, but rather than creating spending categories, it gives you constant access to your balance and transactions. The app shows you how much money you currently have, how much income you have earned, and how much you have spent. Additionally, PocketGuard identifies recurring payments for which you need to plan and works them into your budget. PocketGuard can be downloaded for Apple or Android.
For a list of more popular budgeting apps, click here.
If buying a new home or refinancing your current home is one of your goals, I would love to help! Call me today to set up an appointment. I would be happy to discuss your finances and help you discover which home loan program is right for you.