For many, one of the hardest elements of maintaining a household is managing overall finances, including spending and balancing a budget. Building a budget can be a stressful undertaking — in fact, the 2014 Stress in America survey by the American Psychological Association found that 64 percent of those surveyed felt that money was a significant source of stress in their lives.
Often people think that tracking expenses is a budget. When actually a budget is a tool that helps you outline a realistic plan for knowing in advance how much money you will need for the month. Tracking expenses is one of the valuable steps involved with maintaining a budget.
For a simple overview of creating a budget, check out the free e-course “Budgeting without Tears” to guide you through the process.
Luckily, there are several apps and online tools to help you take control of your finances, and make it as easy and painless as possible.
Here are a few of our favorites:
There’s an App for That
In the age of smartphones there’s an app for nearly everything, and your budget is no exception. One of the best budgeting apps out there right now is Level Money. It doesn’t allow you to create complicated spreadsheets or automatically warn you when you’ve spent too much, but instead, it Read More →