Saving money can be a daunting task. It can be difficult to figure out how much to set aside each month for bills while also keeping enough to fatten up your savings.
Luckily, there are a few simple solutions that can help you make sense of your finances. Tap or click here for ways to save on Amazon. Whether you’re a young adult just coming into financial independence or someone who needs a little help managing their money, it’s never too early or too late to learn how to budget.
Out of the myriad of money management apps for making “cents” out of your finances, there’s one newer option you may want to check out. It’s a visually-appealing, user-friendly app that can help you take control of your budget.
Set realistic budget goals
Spendee is a versatile app that gives you a comprehensive picture of your money, where it goes and how you can make it work for you. It helps you detect spending patterns and work on budget goals without the need for frustrating spreadsheets or advanced knowledge of financial information.
To do this, Spendee has you connect the app with your bank account. This lets it import transactions you make into your “wallet.” Your wallet allows you to add manual transactions, but it will mostly cull your spending from your bank data. It’s also completely customizable, so you can change colors, labels and more.
From your wallet, you can start tracking your spending in a way that makes the most sense to you. You can go by automatic transaction data, or you can forgo automated processes and add everything manually. Regardless, you’ll see a graph detailing what purchases you make by category, like food, travel, power and energy, and more.
Spendee uses the data to help set a personalized, realistic budget. This can help you figure out the easiest way to stay within your spending goals each month and see exactly where every penny is going. It’s fast and easy to understand — even if the prospect of moving money around stresses you out.
Though Spendee is a helpful app, it’s not the right fit for everyone. Some users report they’ve had issues sharing wallets with members of their family, while others find it frustrating that Spendee does not list purchases the day of. The app does list all purchases, but only once a user’s bank processes payments.
The delay in reflecting purchases could potentially make tracking your spending habits difficult — especially if you’re looking for a real-time way to discern a pattern of what you spend and where.
If these potential concerns aren’t a problem for you, and Spendee looks like it can help you figure out your cash situation, give it a try.
Try Spendee and see where all your cash is going. And don’t forget to tap or click here to see 4 places you have to check for missing money.