Budgeting tool10/11/2023 You may have a surprise expense or even a surplus after a raise. Few people have the same expenses each month, and for many, it’s not unusual to earn varying amounts of income from month to month. Look for places to cut back within your budget and divert that money toward your financial goals. Perhaps you want to pay down debt or save for a big purchase. Your variable expenses - food, gas and entertainment.Your fixed expenses - rent, mortgage, utilities, car payments and insurance.Amount of money you have coming in each month.Be sure to include the following information: Alternatively, you can use a notebook or ledger sheet to create your own simplistic or detailed budget.Ĭhoose the budgeting tool that works best for you. Mint also offers free budget spreadsheets on its website. Microsoft Excel has templates available that you can download to a computer. You can create a budget and track your spending manually.īudgeting templates are also available online. Safe - as long as you choose a reputable app and protect your phoneĪ budgeting app isn’t the only way to keep track of your spending.Allow access to your financial information via smartphone.An assortment of tools designed to help you understand where your money is going and set savings goals.Easy-to-use interfaces to keep in touch with your finances.Advantages of Using Appsīudgeting apps offer several advantages over manual budgeting methods. Plus, if you choose to upgrade to Premium can pick your own subscription price between $3-$12. Why GOBankingRates Chose It: It’s a free budgeting app that has some features you might not expect, including automatically identifying your top spending categories based on your spending habits. $3 and $4 subscription price option requires annual prepay.Spending alerts to help you stay on budget.Calculates how much you have to spend each month.However, you can upgrade to Premium for additional features, including concierge service to cancel recurring subscriptions, premium chat services, unlimited budgets, custom categories, real-time balance syncing and full credit report access. Previously known as Truebill, Rocket Money helps you see your full financial picture while spending less and saving more. Best Budget App for Choosing a Subscription Fee: Rocket Money Plus, it allows you to set SMART goals in connection with savings and offers an optional personal debt payoff plan. It easily connects to your accounts and shows you daily balances based on the budget you set up. Why GOBankingRates chose it: The app is good for personal finance newbies and in-depth budgeters. You have to create naming and category rules to avoid Mint automatically miscategorizing transactions. Predictive savings offers might not be welcome by some users.You’ll have to put up with ads and third-party offers unless you pay extra for Mint Premium.Get notified of increases in subscription costs.Set alerts to monitor your spending and income.Plus, the app has Mintsights, which offers helpful insights and predictive savings offers based on your personal financial history. You can categorize your budget and receive an alert when you exceed your limit. It connects to all of your bank accounts and automatically updates whenever you make transactions. The Mint budgeting app helps you balance your budget by tracking your expenses. And if you’re curious to see how different scenarios would play out in retirement, there’s a tool for, that too. For help managing your investments, you can use the Investment Checkup tool to help you assess portfolio risk, analyze past performance and model individualized asset allocations. Why GOBankingRates chose it: Besides its budgeting features, it offers helpful tools for investment-focused users and those planning for retirement.
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