Putting numbers into perspective is one of the most important aspects of financial discipline. Being able to track your spending patterns is very useful in managing expenses and taming any bad financial habits. A budgeting app will help you do exactly that.
However, with hundreds of budgeting apps in the market today, how do you find the perfect app for you? This article will provide insights into choosing the right budgeting app to suit your lifestyle.
Sync your budget with Payday
Find a budgeting app that lets you plan around single or multiple pay schedules effortlessly. This will help you determine how much money you have from your income streams, and consequently provide a plan on how to spend it, according to your expenses.
Predict committed spending
Some expenses are easier to track because they are part of your usual recurrent expenditure, while others may come by unexpectedly. A good budgeting app should help you forecast these future expenses so that you can budget smarter.
Daily spending allowance
Spoil yourself once in a while with a safe-to-spend alert from your app. Know your daily spending allowance and safely put a limit to avoid overdoing it.
Track spending by category or merchant
Financial discipline starts with tracking your spending. Find out where your money is going and how much of it you can save.
Improve habits over time
A budgeting app that gives you actionable insights into your money habits will help you adjust your budget, as well as grow your saving behaviour.
Roll over leftover budgets
After evaluating your income and expenses, your app of choice should point out your unspent money and suggest that you carry it forward to the next period.
Emma is a budgeting app that has all these features and more. Besides syncing your budget to your payday, educating you on how to improve your spending habits, predict future expenditure, and roll over any unused funds to the next period, Emma helps you boost your credit score by reporting rent payments, thus turning your major expense into a financial opportunity that works for you.
