Managing the family budget used to require a lot of paper – specifically bills, receipts, and bank statements. Today, just like our free pharmacy discount card, these things can be accessed in just a few clicks on your phone!
If you type “budget” into an app store, you will likely find more than 150 different options to consider. Overwhelming! To save you time, we have compiled a short list of three popular, well-reviewed, and frequently updated mobile budget applications for you to consider.
Mint.com and the free Mint app from Intuit, Inc (the makers of QuickBooks and TurboTax) is considered by many to be the best all-around budgeting tool available today. The beauty of this option is that it is a “one stop shop” – you can connect all of your accounts (bank, credit cards, etc.), manage all of your bill paying, and track all of your spending to a budget that you set yourself, all in one interface. Plan to spend a little time getting set up and then prepare to be held accountable!
YNAB was designed to do one thing and do it well – help you to get out of debt and stop living paycheck to paycheck. The YNAB tool focuses on four rules to help you get your life in order: Give every dollar a job, plan for infrequent expenses, roll with the punches if you overspend, and learn how to live on last month's income. If you are struggling to make meaningful progress on your loan payments or if you feel your family sliding deeper and deeper into debt, the YNAB free trial is worth a try. With any luck, you’ll not only create a budget that works for your family, but you’ll also become more financially savvy for the future.
Do you know how much money you spent yesterday? How about last week? If expense tracking isn’t your strength, the free Wally app is here to make it much easier. Wally creators say their goal is to “give you a 360 view on your money; what comes in, what goes out, what you have saved, what you have budgeted.” Wally reviewers love the fact that users can track expenses by snapping photos of their receipts, making daily expense logging much faster and easier than with other budgeting tools.
Don’t Forget – FamilyWize Has an App Too!
Are you regularly spending a lot of money on prescription medications? Regardless of your insurance situation, the Free Prescription Discount Card from FamilyWize can help you to spend less money on your family’s prescription drugs. Download the free app today.