It is time for you to begin using one of these best budgeting tools in 2022. Budgeting is KEY for building wealth. In order to grow your money, you have to have more money coming in than you’re spending. There are great budgeting tools to ensure that you’re spending your money wisely so that you can get to where you want to be financially. It’s a new year, which means it is time to finally master your finances.
Here are the 3 best budgeting tools to master your finances!
1. Mint
Who can use Mint? Anyone with an iPhone or Android
What is Mint? Mint is a free app you can get on your iPhone and Android
About Mint: Mint is a great budgeting tool because it links to your bank account.
How does Mint work? Mint goes through your transactions and sorts them into different categories (bills, food, clothing, etc.) This will give you a good look at where you’re spending the majority of your money. You can create budgeting goals. For example, you can set a clothing spending limit to $50 a month if you are trying to keep track of your non-essential purchases.
This budgeting tool mainly focuses on where you are currently spending your money and how your spending aligns with your budgeting goals.
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2. Quicken
Who can use Quicken? Anyone with a computer or tablet
What is Quicken? Quicken is an online, budgeting software that has a free budgeting tool.
About Quicken: The site guides you through, step-by-step so that you can learn how to create a solid budget. Quicken is probably the most recommended budgeting tool for beginners because it breaks down your budget into key categories.
How does Quicken work? You can use Quicken’s free budgeting tool here to get you started. Quicken will take you through the steps and create a budget. You can name your budget plan and save it. There is also a paid version where you can plan for your goals, pay off debt, and build your savings.
3. Google Sheets
Who can use Google Sheets? Anyone with a computer or tablet
What is Google Sheets? Google Sheets is a feature in Google that is comparable to Microsoft Excel.
About Google Sheets: Google Sheets is a free software you can use with your Google account. There are several budgeting templates to choose from, so you can pick the template that best works for your needs.
How does Google Sheets work? Sign into your Google account and open a Google Sheet. Pick a budgeting template that works best for your financial needs and create your budget. There are many tutorial videos on how to do this on YouTube. Here is a tutorial in case you need extra help with Google Sheets.
Out of the three best budgeting tools, Google Sheets is probably ranked #1. You can customize you budget to fit your exact needs and goals. You can include your expenses, income, and everything that goes into your budget.
These were three of the best budgeting tools to master your finances. I hope you find this post helpful and have found a new way to budget your money! As always, feel free to ask many any questions at professionallypeony@yahoo.com
Xo,
Layton
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