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The Life Insurance Blog

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Get Your Budget on Course: 5 Apps That Can Help

Mar 16, 2017 8:19:00 AM

Nearly all of us have some financial goals that we'd like to achieve, but putting the action in place to achieve those goals is a common roadblock. According to one Nielsen survey, 69% of respondents believed that they would achieve their financial goals, but only 28% had planning efforts in place to make those plans a reality. Most financial planning begins with basic budgeting. Here are just five simple budget apps that can help you get your family's budget on track so you can get on course to reaching your goals.

1. Mint

Mint is one of the most popular and most widely-used budget apps because it is user-friendly and versatile. The program is available online and as an iPhone and Android app. You can link your bank accounts to the app, create monthly budgets, track spending categories, and even upload data to some types of tax software.

2. Mvelopes

Mvelopes is an excellent budgeting app if you're someone that pays bills and budgets with an "envelope mindset." What this means is that you use stacks of bills or simply labels to plan your finances. Mvelopes transfers that mindset to an app and allows you to create digital envelopes. This app links to your bank accounts so that you can view your spending in real time.

3. GoodBudget

GoodBudget is a digital budgeting system that is also based on the envelope method of budgeting. GoodBudget does not link to your bank accounts but does provide some unique budgeting features. You set a specific budget for each category of spending and then get alerts when you hit that budget. You can also sync up to five devices with this app. GoodBudget is also useful as a savings tool, where you can create categories, for example, to save for a vacation or a new home down payment.

4. Wally

Wally provides income and purchase tracking with a colorful graphic interface. While nearly all of these apps provide some graphs, Wally excels here and also makes entering expenses easier with location tracking. Plus, when you log in expenses, you can take a picture of your receipt to save for your records.

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5. PocketGuard

PocketGuard is a budget app that lets you know exactly how much money is in your pocket right now. This app also links directly to your bank accounts and breaks down your spending into simple terms. The home screen tells you how much money you have, your income, and how much you've spent. The categories and charts enable you to identify areas in which you might be overspending and could cut back.

Once you have a handle on your family's budget with one of these apps, it becomes much easier to plan for the future. If you haven't thought about life insurance yet, now is the time. A basic life insurance policy can provide financial protection for your loved ones, and it's surprisingly affordable. Find out just how affordable now with our simple term life calculator.

Knowledge is power. The more you know, the easier it is to make an intelligent choice. Everyday life, as well as certain events and circumstances, require you to make choices. And peace of mind is gained when you feel good about the decisions you make.

When it comes to life insurance, IntelliQuote is there for you to make the intelligent, well-informed choice. From term life insurance to universal life insurance and final expense insurance, we make it easy for you to compare, shop and save. Get multiple quotes now and make the intelligent decision for Life.


Topics: Financial Planning and Life Insurance, Financial Future, Financial security