Managing household finances can be very tricky. There are always tiny transactions that we forget to tell other members of the household, which can potentially disrupt an entire budget. Thus, it is necessary for all members to communicate their financial expenditures with each other. In this current era of technology and advancement, it has become exponentially easier for members of the same household to communicate their expenses with each other and make sure that no one is violating the guidelines set by the family budget. Today, we will be looking at three of the best apps available in the market that allow you to ensure that no one in your family is exceeding the current financial plan.
Developed by Anishu Inc, HomeBudget is one of the highest rated mobile finance apps available in Play and Apple stores. This app has been used by countless families to keep an eye on their latest spending updates. Users have to manually enter every spending (the app advises users to make an entry of their transaction right after every purchase), and this entry is automatically shared with all the other associated accounts. Moreover, the HomeBudget app can be accessed via a computer, which is beneficial for those users who don’t have an Android or iOS phone.
Most people don’t know how much money they need to save up every single month. They may save thousands of bucks one month and may find themselves dipping into their savings account the next. To avoid this, HelloWallet has announced an app that guarantees the financial wellness of its users. Moreover, the HelloWallet app has an emergency savings calculator that allows users to calculate an emergency savings goal for themselves, which is solely based on their current expenditures, lifestyle, and monthly income. Furthermore, this app is available in the market for free which means that it requires zero financial investment for safeguarding your budget. We recommend even the people who don’t live hand to mouth to use this app as it offers the best way to keep track of your money.
FileThis is a revolutionary app that has changed the way people keep track of their financial paperwork. With a company motto of ‘go paperless,’ FileThis offers its users a digital way of organizing their paperwork. It can be thought of as a simple digital filing cabinet where users can store a digital copy of their expenditures. This not only helps them stick to their budget but also enables them to use their current financial plan to predict the impact of all possible short and long term investments that they may make in the future as well as assists them in their tax returns. FileThis allows its users to track their financial accounts, organize their utility bills, and store their invoices, bank statements, and receipts all in one location. The FileThis app is available for both Android and iOS smartphones.