Having money is very important in our current society as it allows people to live comfortably and safely, if you’ve spent years working various jobs to get yourself into a financially secure position then it’s really important that you keep track of your finances to make sure all this hard work doesn’t end up down the drain. Even if you think you’re too young or if you think you’re rich enough to not have to worry, you should still be keeping an eye on your finances. If you’re planning ahead then you’ll be able to better manage your money and if you have a great budget then you might be able to find some spare money to make investments which can make you even more financially secure. If you already have a lot of investments and receive dividends then staying on top of your finances can help in other ways for example if you have too much withholding tax deducted on your investments, you’ll know to look into withholding tax recovery and you won’t be losing out on any money that should be yours. Being aware of your financial position allows you to assess your situation, prioritize, to check your progress and all of this will help you to reach your financial goals.
If you struggle with keeping on top of your finances then you may be interested in some of the programs that help to make your finances much simpler. Most of these programs are very easy to use and they vary in price and how much they can do for you. Some of these programs even allow you to link your bank account or track your credit score for you. We’ve found 6 of the best programs and you should think about what your needs are to pick the one best suited to you.
You Need a Budget
Whilst You Need a Budget is on the more expensive side of finance programs at $84 per year in subscription fees, we’ve still included it as first place on this list as we believe it is well worth the money. It gives you all of the tools that you’ll need possibly need to build your own budget and it has a great goal tracking feature to help stick to the budget you created.
If you and your partner share finances and you’re looking for a program that would be suitable for you both to use then Honeydue is perfect for you as it is specifically aimed at couples. It focuses on communication between you and your partner and allows you to link your account with your partner but only the information you want them to have.
If you’re currently a student or plan to study then this program will help you the most with your finances as it’s specifically designed to target college students. Most of the features on this app are free to use which is perfect if you’re a broke college student and it has pie charts so you can visibly see where your money is going and if you’re spending too much on socializing.
This program is mainly aimed at families who are wanting to get on top of their finances. There is a free version that allows you to manually allocate every dollar you spend and allows you to link accounts or if you can afford it there is a subscription version that costs $240 every year but has a lot more functions available on it.
If you have managed to obtain a lot of capital and you’re using that to make investments then this program will be suited to you. It allows you to check on your cash flow and how your investments are doing all in one place making investing much easier for you.
If you desperately need to start saving then Albert will be the best program for you. It creates a budget for you that tries to cut out any transactions that are unnecessary and helps you to identify any areas in which you could be saving money.