If you’re anything like us – you’re always glued to your smartphone device. With every application you can imagine, our smartphones have quickly become our navigational system, entertainment system – and our financial advisor? That’s right – there are a ton of very useful (and easy to use) apps out there that will not only help you track your money, but manage it as well. Here are a few of our favourites at Tembo Financial:
Mint is a free app compatible with both IOS and Androids and allows you to track your finances, let’s you know if you’re about to go over budget, as well as categorize the types of spending you do. We love this app specifically for the later feature. Four dollars a day on a cup of coffee doesn’t seem so bad – but trust us, it ads up quite a bit. Tracking where your money is going to specifically can help you make much smarter financial decisions.
Although this app is unfortunately only available on IOS – it has its major pros (sorry Android users). Similar to Mint, LearnVests helps you track your spending and budget. But what makes LearnVest Different is its focus on financial literacy. LearnVest’s roots are in financial literacy and education, so it offers plenty of reading material in both the app and website, based on topics you select as important to you. We think this is a great feature for anyone who is still new to the world of bills, rents and debt. Understand how to spend wisely, and save will greatly benefit you down the line.
This super easy app is an amazing way to evaluate the effectiveness of your budget. Creating a budget is one thing, but is it smart? Budget Boss analyzes the budget you’ve created and makes recommendations and estimations based on those numbers. Thinking 5… Even 10 years down the line is a bit of a daunting task. Budget Boss helps you create the smartest budget for your financial future.
Although these are only three out of many financial applications available, we truly believe that investing a little time tracking your spending, and creating a budget that works for you, will set you on the path to financial success.