Budgeting doesn’t come natural to us all, but even to those who are great it can sometimes feel daunting when an unexpected bill or a copious amount of events all pop up in the same month, leaving us to wonder how are we going to afford it all.
When this happens a short term loan is one option to help you cover those unexpected extra costs. However, getting control of your finances, particularly your expenses and better budgeting may be the better long term solution. There are also quick and simple tools that can help you keep your costs down, save on everyday costs and help you manage your personal finances.
Mint is a budgeting app which can be used to manage your money. You can input your bank account details, monthly bills and investments so the app can keep track of your monthly spending. It uses your spending to create a budget for you and shows you the areas where you are spending the most. Regularly checking the app will enable you to see how much you are spending throughout the month in one easily accessible location.
Unsplurge is a fun budgeting management tool that focusses on saving up for something important, such as a holiday or gift. The idea is simple- you log in the amount of money you have saved to work towards a goal amount. The app also has a social network aspect where you can receive support from a community of other savers. It aims to motivate you to save more money and save consistently because you can see how close to your goal you are getting.
Groupon is an e-commerce marketplace that connects members with local businesses that are offering deals in restaurant’s, travel, activities and products. The discounts can be huge, with some vouchers offering up to 90% off. To start saving you just have to make an account and become a member. From there you can browse an enormous variety of deals. If you use the app regularly it can save you considerable amounts of money.
Latest Deals is a money saving community where users share deals, vouchers, free stuff and competitions. The website, app and social media platforms have over one million users sharing their latest bargains from across the UK.
Plum help people ‘manage their money, without them lifting a finger.’ It integrates with your bank accounts and sends notifications with advice and reminders just like a money saving friend would. It can analyse your spending and make recommendations on how you can best save your money.
Have you found an app that helps you to save money? We would love to hear from you and we can feature the app in our next article.
Generic advice is not a service regulated by the Financial Conduct Authority.