Here are budgeting tools that you can use to help you take control of your money. Some people say they can’t budget. They say it’s too complicated or they don’t know where to start. Nobody plans to fail. But sadly, most fail to plan for the future. The truth is, everybody who does a budget can see how it pays off. Basically, it helps you understand where your money goes so you can take control of your money and have some left over to save for your future.
Good budget
Is an App-ropriately titled app for budgeting. This app is based on the envelope budgeting method. Cash for each month’s expenses is taken out and put into an envelope. The envelopes could be for expenses like groceries, rent or transport.
As the month goes along you, for each category you spend money on, use the money from only that specific envelope. For example, when buying clothes pay for the clothing from the clothing envelope; don’t take money from the petrol envelope to pay for your clothing.
Stop spending when the envelope is empty than realising at the end of the month that you have overspent. This app helps you plan ahead.
Monefy
Monefy allows the user to keep track of all their expenses for a month. All you have to do is the next time that you buy coffee or go shopping fill in the expense amount then click add. Then you’re done.
The app allows you to sync data between different devices using your Dropbox account. The Monefy native app is available across mobile brands.
For the first time, Monefy the app selects default categories to ensure that users start tracking their money as soon as possible. They can, later on, change the default categories to new ones that suit them.
vMoneyTracker
It’s an all in one app that can be used to track all your finances like expenses, incomes, assets, savings, loans, lends and borrow at one place.
With the app, you can track all your accounts and credit cards. You can categorise your expenses with their preconfigured categories or categories that you create yourself.
The app also allows you to keep track of what you’re spending and where you’re earning from vMoneyTracker also gives the user an option to choose your base currency. For example, the base currency for South Africans is rands and the base currency in India is rupees.