And sometimes this means sacrifice. You might give up your fancy coffee in order to get your house a year earlier than you would have been able to. Doing the math to figure out how you can reach your financial goals is an important and fun step. How long will it take you to reach your goal? How much can you cut back to reach it sooner?
Technology can make reaching your financial goals so much easier. So today, we’re sharing the best budget apps. Choose one or more you really like and start using it to stick to your goal!
This is the best of the best budget apps and best of all, it’s easy to use. In a few simple steps, you can add your credit cards, checking accounts, and even investments into your profile so you can review every single purchase you make. You can also set budget for different categories like food, clothing, and gas. Mint will automatically categorize your purchases into these areas, so you can keep track of how far you are into your budget in real time. You can also set your financial goals and attach them to your savings account or loans and watch your progress!
If you’re overwhelmed with a huge financial goal, Daily Budget can simplify things for you. Using your income, expenses, and savings goals, Daily Budget creates a daily budget. The app shows you how much you earn, how much you can spend, and how much you should save each day. Talk about keeping things simple! It can be a huge help to cut big goals into daily bite-sized steps. And everyday you’ll move toward your goal! With Daily Budget keeping things under control, you’ll be able to sit back and think about important things like finding your passion and scoring your dream career.
This handy app is perfect for ladies who prefer a visual. If you’re a ‘I like my money where I can see it’ kind of girl, this may be one of the best budget apps for you. Dollarbird shows you what you spend your money on and when you spend your money throughout the month or the year in a simple graphic. It gives you reminders for upcoming bills and helps you keep your future goals in mind.
If you want to focus on the savings aspect of your budget, Digit might be the best of the best budget apps for you. This smart app helps you ‘save money without thinking about it’. Digit analyzes your spending habits and takes out a small amount to put into savings if you can afford it. This means, every few days Digit will take out $2-$17 from your account and put it into savings. You don’t have to think about saving at all because the app does it for you! This one is perfect for your more fun financial goals like a trip or even emergency savings (because what’s not fun about being prepared?).
I think you’re going to like this one! The Penny app acts as a personal finance coach. She (“Penny”) sends you messages about your upcoming bills, your paycheck coming in and how you’re doing on keeping to your budget. You can even ask Penny questions like, “How did I do this month?” and she’ll show you how your spending compared to last month. This sounds like a budget app I’d like to play with. Penny gives a human-like touch to finances. You don’t have to skim through numbers in your account, you get a personalized message from a fun little robot. This app will help you stay on top of everything, so you’re completely informed about your financial situation.
Why does it matter? Being intentional with your finances means you’re in charge. You decide what your money goes to and how fast you reach your goals. What’s more empowering than that? It’s time to let go of self-doubt and get past your fears. You can do anything!
What are you saving your money for? Share your goals with us in the comments below and we’ll be your personal cheerleaders!