Your Tech Can Make Following a Budget Easy

Coming up with a budget and following it to the letter is difficult. But it doesn’t have to be. You should pull your smartphone out of your pocket right now. It’s going to be the ultimate tool for putting together a monthly budget and sticking to it for the year to come. Find out exactly how your smartphone can be your secret weapon when it comes to managing your money. 

Why Do You Need a Budget?

One of the most important reasons for starting a budget is that it encourages you to stop overspending and start saving your money. By tracking your expenses and giving yourself essential guidelines to follow, you can be responsible with your spending and set aside funds for future goals like paying off debt. 

Another important reason for starting a budget is that it helps you understand your financial situation. By looking through your income and expenses, you can get a clear picture of where you stand. 

After crunching the numbers, you might realize that you’re doing just fine, but you would be better off if you buckled down and saved more of your paycheque. Or, you might realize that you’re struggling and that you need professional intervention. In that case, you should see a licensed insolvency trustee if you need to explore other options for debt relief. They can assist you with filing for a consumer proposal, a division 1 proposal, or personal bankruptcy. And, if you’re still trying to master your budget, they can help you with that too.

How Can Your Tech Help?

Budgeting Apps

There are plenty of budgeting apps out there. You can download one like Mint, YNAB (You Need A Budget), and ClarityMoney to help you calculate your expenses, organize your budget categories and track your spending in real-time. 

Online Banking

There are lots of benefits of online banking that you can reap versus going to an ATM or bank teller every time that you need help. It offers more fraud protection and risk management. It also makes it easier to track your purchases and pending transactions. So, you should download your bank’s app and keep a close eye on your accounts. 

Bill Payments

Getting to your bills late comes with consequences. You get hit with late fees and penalties. It increases your chances of getting service cut-offs. It hurts your credit score. And, of course, it messes with your budget. 

Use your smartphone to your advantage and avoid missing a bill again. You can do this by automating bill payments on your online banking app, or you can set up reminders on your calendar apps to notify you when the deadlines are coming up. 

Finding Deals 

Every time that you’re thinking of restocking your fridge with groceries or replenishing your closet with new clothes, you should scroll through your phone to find coupons, discounts, sales, and other great deals. Here are some apps that you can use:

• SnipSnap
• Checkout 51
• Shopkick
• Groupon
• Ibotta

If you’ve always had trouble sticking to a budget, your smartphone can turn the tables for you. With that tech, you can track your bank accounts, automate your bill payments, and get informed about the best deals in your area.

Sponsor Ads

• Ad Space Available - Rent it Now!

Report this Page

Created on Apr 14th 2020 09:05. Viewed 417 times.

Share on APSense

Comments