One does not need to wait till one starts working to learn about finance management. Knowing how to save money and keeping track of expenses are essential skills that can prove useful throughout your life. Here are some apps that can help you have some saving at the end of the month.
Money Lover: Money Manager, Budget Expense Tracker
Do you have trouble keeping track of where you spent money? Despite planning a meticulous budget at the start of the month, does it tend to go haywire by the time the month ends? If yes, this app can be a lifesaver. It lets you enter the amount of money you have, feed in advance an estimate of the expenses you foresee for the month, and relax. Every time you make a purchase of spend money, feed the details in the app. The app sends out a notification whenever you overspend and provide advice on how to get your budget back on track. Other features include an inbuilt calculator and currency converter.
Saving Made Simple - Money App
If you want to save up for something you want but are afraid you'll end up spending all the money, worry not. This app will help you chart out a savings plan, such as for buying a bike or for a holiday, and stick to it. The target amount is split into daily, weekly, bi-weekly and monthly goals. You can also schedule expenses that you anticipate which will get recorded on the due date. The app includes a screen widget for quick access to your goals. At the end of the month, you can review the progress through the payments and expenses charts that generated by the app.
Learn: how to invest in stocks
People are always apprehensive when it comes to investing in stocks and mutual funds. Disclaimers such as, “Mutual Fund Investments are subject to market risks. Read all scheme related documents carefully,” merely adds to the general mistrust people have. However, if planned carefully, it can tun out to be a good source of savings. Though this app has been developed by Rubicoin, keeping the U.S stock market in mind, the information is useful for anyone who wants to learn more about the basics, how investing in stocks can help, how to find an appropriate company, and so on.