Featured App: You Need a Budget

By on Jun 5, 2015 in Issue 11 | 0 comments

You Need A Budget is a fine example of a finance app done right. In fact, it’s the first finance app that I’ve ever felt the need to rave about. Why? It’s simple. The app doesn’t just provide a tool and let you get on with tracking your finance; it actually has a method and provides a financial tool that works with that method.

And what’s that method, you ask? Just four simple rules that you can follow even if you don’t get the app.

  1. Give Every Dollar a Job – that is, make sure you assign every dollar, pound, euro, whatever your currency, an allocated job, a budget if you will. Tell your money what it needs to do.
  2. Save for a Rainy Day – savings! They are good for a reason, it means that when things crack you in the nuts you have backup to pull from.
  3. Roll with the Punches – and things will crack you in the nuts! If they do, roll with it; change your allocations to fill in the gaps with things that aren’t used.
  4. Live on Last Month’s Income – the overall goal, to live on last month’s income. To allocate funds from your bank balance, not from your paycheck.

 

Available_on_the_App_Store_(black)  Available on Google Play

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