Budgeting is one of those things that we constantly say we are going to do, but never actually end up doing. We keep telling ourselves that one day we will sit down and draw up a budget plan that will allow us to have our cake and eat it too. But the fear that we may actually have to cut back on some of our favorite things and the realization that making a great budget does require some work, we decide that a myriad of other things are more important. However budgeting doesn’t need to be as hard as everyone makes it out to be and here are 4 tools that will help you get back on track to reach your financial goals.
1. Excel: This may seem kind of obvious but you would be really surprised at how many people are terrified of Excel. This stalwart of software has been the number one everything tool for years now.
2. Your expectations: Creating a budget and seeing that you didn’t have as much money as you thought you should have is tough but managing your expectations are key.
3. Mint: Mint is a budgeting app that allows the user to create slick budgets that form to the users needs. Also there is an option to receive personalized information to make better budgeting decisions. Also the fact that it has been around for a while (at least by app standards), gives people the trust that it will be beneficial to their financial future.
4. Pocket Guard: Pocket Guard is a budgeting app that manages users spending by creating easy to follow graphs and tabs. This categorization is great for people who have a hard time keeping organized.
And there you have it, budgeting is a hard process, but by using some widely available tools and apps then it should become much easier over time to keep track of and monitor.
Disclaimer: This is not financial advice and I am not a financial advisory or a investment professional. Any investment decisions need to be carefully considered with your financial advisory or investment professional.