One size does not fit all and that holds true as we discuss budget planning tools.
As we’ve mentioned in previous posts you need a budget. Equally important is deciding on the budget planning tools you will use. These tools need to make it easy for you to stick to your budget.
At times you feel like your are looking for that missing puzzle piece.
It’s a matter of preference when it comes to budgeting software. Do you tend to write everything down on paper or do you prefer using a software program?
In my book Sexy, Savvy & Successful we discuss the fact that you may want to use a simple ledger system for your budget. A physical spreadsheet may be appealing to you.
That’s where you style comes into play. It’s about how you want to keep track of your budget. Do you want your budgeting tool to be more mobile? There’s an app for that!
Let’s discuss three accounting software products for your computer.
I mention in my book that I use Quickbooks.
Another option is called sage50. They used to be called Peachtree. It was software I looked into years ago but decided not to go with it.
The next one you can check out is LessAccounting. This is one I feel that’s worthy of digging deeper into. They do offer a free trial that you may want to take advantage of.
Now we are off to check on three accounting apps for your phone.
www.Mint.com Here’s what they say on their website:
See all your accounts
in one place.
See all your balances and transactions
together, on the web or your phone.
Mint automatically pulls all your financial
information into one place, so you can
finally get the entire picture
Stay up-to-date on your money
Mint automatically updates and
categorizes your information, and
suggests ways to help you save. We can
even send automatic alerts—like bill
reminders—to your mobile phone or
Stay safe and secure.
Mint has more than 10 million users who know
their information is always secure. That’s because
we use 128-bit SSL encryption – the same security
that banks use – and all data is protected and
validated by VeriSign and TRUSTe
The second app is Left to Spend. Here’s the description from the website:
How it works:
To use ‘Left to spend’, all you need to do is set up a daily allowance that you KNOW won’t break your budget. To calculate this amount, simply subtract all your monthly expenses (bills) from your monthly income and divide the result by 31. Every day this amount will be added to your total allowance. Whenever you spend money you simply open ‘Left to spend’ and enter the amount, which is then subtracted from your total allowance. If your total allowance is running low, you need to slow down your spending and wait for your allowances to accumulate. As long as you never get below 0, you’ll never have to worry about money again.
This amount of simplicity might not be comfortable for all, at first. Some might even be a bit scared by it. After all, we’ve been brought up to think that managing money is something difficult. Something that most people can’t do properly. With its simple approach to budget management, ‘Left to spend’ turns its back on this notion. Managing a budget should be simple and satisfying, and least of all time consuming. With ‘Left to spend’ you get an easy, no-BS, overview of your finances at any time along with the satisfaction of knowing exactly how much you have left to spend before you need to feel guilty.
The simplicity of ‘Left to spend’ comes packaged in a crisp, one-size-fits-all, minimalistic interface for just $0.99.
Number three is Visual Budget. Once again I’ll share what the site’s description is:
With Visual Budget, easily manage your personal and business accounts using powerful, advanced analysis and consolidation features.
Visual Budget can be used to handle several accounts simultaneously and sort them into different groups.
Expense/income categories are automatically created based on a standard model that fits most needs. You can of course modify this category list to suit more particular requirements for each of your accounts. Two levels of categories/sub-categories allow you to define your budget plan in an easy but precise way.
Assign a budget to every category, and accurately monitor the evolution of your income and expenses.
You can input your financial transactions manually, or automatically by importing CSV (spreadsheet) or OFX (bank standard) files with iTunes file sharing.
Check off your transactions to ensure that they match your bank statements.
Define recurring transactions, such as a monthly Internet subscription, once and for all.
Visual Budget also features Overview tools, allowing you to visualize the breakdown of your transactions and the changes in your balances in the blink of an eye, and to monitor your budgets efficiently
Several graphs (bar or pie charts) provided by the application give you a clear and synthetic view of your transactions and their breakdown into expense, income, category and budgetary changes.
The application comes with an example account featuring a dozen transactions which will allow you to quickly become familiar with it.
★ Freemium version, limited to 10 transactions per account. Integrated purchase unlocks unlimited transaction creation. ★
So there you have it. Three budget software options for your computer and three for you phone.
Take your time and do you research before deciding on your budgeting software.
What budgeting software do you use?
Share your thoughts and comments below.
Be Savvy & Successful!
Toni Nelson – Author, Speaker, Online Visibility Strategist, Award winning Videographer & Photographer