Spencer Municipal Utilities' Website Compass

WebsiteCompass 13 Is this the year you’ve resolved to finally get your finances in order? If so, you’ll want to start using a budgeting app to create spending categories, track your payments, work toward savings goals, and more. 11 Best Budgeting Apps Use tools to help you achieve your financial NewYear’s resolutions When choosing an app among those listed here—or others you might be considering —take these factors into account: • Cost. Some budgeting apps are free, but others require a subscription. Many allow you to use the app for free but offer a paid version if you’d like access to additional features. • Syncing. Some budgeting apps allow you to sync to your financial accounts, so you don’t have to enter your information manually. This can be a big timesaver. • Device. Which device do you use the most, your laptop or your phone? Some apps work better on one versus the other. • Personalization. Everyone has their own methods for managing finances and creating budgets. Choose an app that fits your personal style and approach. The budgeting apps listed here offer you a wide variety of options. You Need a Budget (YNAB) This app uses the zero-based budgeting method in which you give every dollar you make a “job,” such as paying off debt or going toward savings or household expenses. Using this method, YNAB helps you be forward-thinking about your money rather than looking back. Goodbudget Another smart method is envelope budgeting, in which you portion income toward specific spending categories (or envelopes). Goodbudget uses this approach to make sure you don’t come up short at the end of the month. NerdWallet NerdWallet lets you track your cash flow, including how your spending fits into the 50/30/20 budget guidelines (50% of your money toward needs, 30% toward wants, and 20% toward savings). You can also see your net worth and debt, as well as monitor your credit score. Back to Basics

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