It’s kind of hard to say which app, software, or platform will work best for people who want to save and spend their money wisely in 2019. How these tools can help an individual financially varies from person to person and how much work a person wants to put into creating a profitable life and budget. However, it’s not difficult to find the right financial tool based on your needs. Their features range from simple saving and budgeting habits to investing significant amounts of funds wisely. There’s little to no risk at all in trying them out. All it takes is a good idea of where to start, in order to make smart money moves.
What are the best apps to use?
Fortunately, the list of popular and useful digital money-managing tools doesn’t run long. At the top of the list, the Intuit Mint app serves many people well as a pioneer. It maintains this reputation by linking accounts and keeping an eye on what happens with transactions in real time. As an added bonus, the price is right on this one. It’s free to use on Android and iOS. Other apps do the same thing with their own twists and spins to the services they provide. For example, YNAB does everything that Mint does, except it uses last month’s numbers to help users learn to budget and save through ‘’envelope’’ features. These act as extra spaces to hold money and keep expenses from eating away at each other. For this usability, a monthly or annual fee applies. Other apps such as PocketGuard also keep an accurate score card on accounts free of charge, and they all work with handheld devices for convenient use. In particular, Acorns deserves a bit of attention aside from the rest of the money-
managing apps on the market, because it does something that many people can or should appreciate. Acorns uses a linked card to round up the cost of a purchase and sends the difference charged on a card to an investment portfolio. For any household where one spouse or partner handles the lion’s share of spending and budgeting, this is a definite game changer.
What is the best software to use?
When It comes to the basic heavy lifting of paying bills, Prism is a tool that not only works for Android and iOS, but serves users though Windows as well. It offers more than simple point and click conveniences and sends alerts for upcoming expenses. Along the same lines, Quicken is a software that not only manages budgets by paying bills, but also analyzes data and creates an overview of spending trends. However with Quicken, its functionality doesn’t stop at making sure the bills get paid. This software takes a look at the assets that you may have laying around and calculates how well they are doing in the long run.
How do people make this happen each and every month?
Even though there’s nothing wrong with a software that tracks and minds how money flows while protecting assets, those steps don’t exactly yield proactive returns. For that, you need a software platform with just a bit of a daring attitude. This is where tools such as FutureAdvisor and Personal Capital stand out from their competition. These software tools take algorithms to the next level by helping users get the best from their portfolios through diversification. It’s similar to an advanced calculator that can show you what can happen if certain choices are made over others. The advice that comes from these non-human cyber advisers comes with a grain of salt in that the account holder has the final word. These digital, or robo-advisors, have their own history of serving investors for years and can be trusted as a common means of staying ahead of market trends and curves. To understand and trust this concept, think 
about the evolution of telephones to cell phones into smart devices. Anyone and everyone can use these tools to their advantage. Along the same lines, software like Personal Capital helps users reach investment goals whether they include reaching retirement comfortably or simply making the most out of assets resting in one or more accounts.
What’s the best way to start your budgeting responsibility?
The best way to get the most out of any budgeting app, software, or platform is to understand the basic concepts and components that go into any given budget at any given time. A clear model of goals(s) and objective(s) is the first thing that has to be in place in order for a budget tool to really serve a purpose and function. Justification is a concept of budgeting that can offer several challenges with a time frame. Basically, reasonable justification boils down to the reason why a person feels the need to spend money. For some, habit and consumption are the most used reasons for expenses in their budget. This is not necessarily a bad thing, because it’s known as operating costs. Everybody has these costs along with capital needs like hospital visits, grocery store runs, or fixing flat tires. However, the bottom line is that a budget reports papertrail have to align with its goals and objectives. If not, then assessments and changes have to be made sooner or later. Sooner usually hurts less than later when it comes to budgets. By the time most folks realize they have taken advantage of their personal budgets and spending, its too late. Understanding budgeting 101, take in more than you shell out.
Final thoughts and wrap up
For anyone trying to find the best app, software, or platform to use while managing personal budgets, one possible solution could be to try them all at once. With the compatibility and performance power of handheld and mobile devices, this ‘’try out’’ session should pose no problem at all. As a matter of fact, managing these management tools the right way can even boost their functionality and effectiveness. Why not use the Acorn app to build a portfolio from simply working steady and spending as needed while at the same time employing FutureAdvisor and Personal Capital. Of course, that may be too much financial prowess and power for the novice budgeter to handle, so starting out with a much more modest approach, getting started with one of the tools, might be the best steps to take initially. Cross calculating with Intuit Mint and Quicken’s product should get your mind ready for making those big deal decision that really pay off. Smart planning can make large decisions seem much more simple to deal with.
References:
“Best budget apps and personal finance tools 2019” NerdWallet. March 21, 2019, https://www.nerdwallet.com/blog/finance/budgeting-saving-tools/. Accessed April 2, 2019
“The 8 Best Personal Finance Software Options Of 2019” TheBalance.Com. March 27, 2019, https://www.thebalance.com/best-personal-finance-software-4171938. Accessed April 21, 2019
“Best Personal Finance Apps to manage your money in 2019” CNet.com. January 3, 2019, https://download.cnet.com/news/best-personal-finance-apps-to-manage-your-money-in-2019/. Accessed March 25, 2019
“Budgeting: An Analysis of the Basic Key Concepts” EMSWorld.com. September 1, 2005, https://www.emsworld.com/article/10323710/budgeting-analysis-basic-key-concepts. Accessed March 10, 2019
