Most people aim to spend less and save more. However, we all know that day-to-day commitments can get in the way of consistently committing to saving for any particular goal.
For these reasons, personal financial planning software and apps like YNAB, Mint, Quicken, and more have grown in popularity in recent years.
Having financial tools can help those generating passive income manage their sources of cash flow. After all, another income source can make budget tracking and allocation more tricky—especially if the passive income isn’t consistent.
Not to mention, a key tip to saving money is to track your expenses. Here are some financial planning tools for individuals who want to improve their budgeting habits.
With that said, we researched for you! Here are three of the best financial planning software for individuals who want to start taking control of their money:
You Need a Budget, or YNAB, aims to help its users manage their monthly budget and improve their financial literacy. Not only do they have budgeting features, but they also provide tutorials to help improve budgets and manage expenses.
Their methodology, known as zero-based budgeting, is also proven to have improved the budgeting habits of their users. Additionally, they emphasize accessibility as they have dedicated applications across all platforms.
Mint is one of the most widely-used expense and budget management software used today.
If you enable the necessary permissions, it can pull in your bank and credit card information. Doing so will allow the software to analyze your spending behavior better and suggest ways to improve your finances.
This software also has features that remind you of upcoming due dates and alert you once your balances start running low. These reminders and alerts help you avoid spending beyond your budget and late payment fees.
Quicken has been around for the past 30 years, making it one of the most established financial planning tools on the market.
You can use Quicken in a lot of ways to manage your financial situation; from budget creation and monitoring to savings goals and even investment learning.
This software also has advanced features like paying your bills, calculating your total net worth, managing business expenses, and even handling property management functions.
Using financial planning software is one of the best ways to help you stick to your budgeting goals. For more software and tool recommendations that you can use in your day-to-day life, check out the rest of Page Kits website today.