4 apps to help you manage your budget
We have already talked about budgeting and how to create your own budget. We know how hard it is to monitor your own income and expenses – not to mention those of your family and/or company! In this article, we’re stepping up a gear to look at a selection of apps that can help you manage your budget and save money!
Above and beyond generally advised practices, the best way to limit your spending is to keep track of your expenses. But how? Thanks to budget management applications, it’s easier than ever to keep track of money coming in and going out, collect statistics about your spending habits and identify which areas you need to focus on to save money. Here are some of the most useful apps.
Expenses and personal reminders
In addition to tracking expenses, Expense IQ reminds you of upcoming expenses and bills to be paid, and features a chequebook register and budget planner. Designed for individuals and families, this must-have personal budget management app is fully Android based and free of charge.
Family and professional budgeting
MyExpense is a free Android and BlackBerry application for users who want to track their business and personal expenses. Ideal for self-employed professionals or for managing small groups such as associations and start-ups, the app allows you to download supporting documents for expenses and record petrol costs and mileage reimbursements directly using your smartphone.
Expensify is a complete application with a technological touch that makes all the difference. It has a built-in scanner that enables you to bundle different expenses together. Thanks to its SmartScan, you can photograph receipts and bills. The application then automatically associates the corresponding data with the appropriate expense account. In addition to smart management of inflows and outflows, Expensify also supplies detailed accounts and statistics. All these characteristics make it the perfect financial management application for companies of all sizes. It costs 5 dollars for associations and start-ups and 9 dollars for companies. If you have more specific needs, you can create a personalised version (rate to be negotiated with the developer).
All-in-one accounts management
Bankin’ is an application for iPhone and Android. There are three versions of the application: one free version, one paid version for individuals – Bankin’ Plus, and one version for professionals – Bankin’ Pro.
The application enables you to view all of your accounts, whether you are a customer at one bank or several. It also enables you, among others, to have an overview of your finances, monitor your spending with alerts, automate your expense reports and find all of your transactions easily.
The queen of cards. There are many different types and they offer many possibilities other than cashless payment, from differed repayment to additional guarantees on purchases.
3D Secure is an internationally recognised security standard for online payments. The service is limited in Luxembourg to credit cards.
If it’s true that when we shop in a store and handover physical cash, the pain of paying finds the act prompts more awareness about spending, and parting with cash may even hurt a bit more than swiping a bank card.