Budgeting is the process of planning how to spend money, usually for a specific time period.
A budget can be used to track income, borrowed mobile loans, and other expenses over time.
Let’s face it, Canadians are not the best when it comes to saving money but perhaps we need to be taught better budgeting skills?
It usually helps people plan for big purchases, or save up for something important. A budget can also help someone who wants to reduce their spending, and is considered a great way of making sure that you have enough money to pay your bills, while buying what you need each month.
Budgeting Apps
Budgeting apps are becoming more popular for people who want to keep track of their spending habits. Whether you are trying to figure out where you income is going or when you need to pay back that payday loan, a budgeting app can help.
It is possible to set up budgets for different categories like groceries, entertainment, or even clothing.
There are also some budgeting apps that allow you to set up a savings goal, and then track your progress towards it.
Let’s have a look at some of these shall we.
Mint
Mint is a personal finance application that provides users with tools to manage their money, budget their expenses, and set saving goals.
Mint was founded in 2006 by Aaron Patzer who was looking for an easier way to track his personal finances. The company launched its first product in 2008 and has since grown to become one of the most popular personal finance applications on the market.
The Mint application is available for free on both iOS and Android devices as well as on desktop computers.
TD Bank App
TD Bank is an American multinational bank, which provides a variety of financial products and services to individuals, corporations, and government entities. The app offers banking services through the mobile phone to customers with TD Bank accounts.
The TD Bank app has been designed to help customers manage their finances conveniently from anywhere at any time. With the TD Bank app, customers can do things like deposit checks remotely, transfer funds between accounts, pay bills in person or online, find ATMs or branches near them, earn interest on their balances and more.
It may also track your loans (Personal and unsecured).
KOHO
KOHO is a budgeting app that helps people manage their monthly budgets. It also helps users track their expenses and set savings goals. The app has a simple and intuitive interface that makes it easy to use for beginners and experts alike.
The app is free to download and use, but it does offer in-app purchases for additional features.
Mylo
Mylo is a social media application that is specifically designed for solo entrepreneurs. It is the first of its kind to use AI to help users find their own voice and build their personal brand.
The application offers a range of features including content creation, social media scheduling, analytics, and more.
This app also has an artificial intelligence engine that helps you with your content by making suggestions on what keywords to use in your posts, how to optimize them for search engines, and even how to create new content ideas.
Mylo also provides an opportunity for entrepreneurs to connect with other like-minded individuals through the app’s community feature.
This feature allows users to post anything they want without worrying about it being seen by people who don’t want it or are not
YNAB
YNAB is a budgeting app that helps you stop living paycheck to paycheck and start saving money.
The app is designed for people who want to break the cycle of living from one pay period to the next, spending as soon as they get their paycheck and then worrying about how they'll pay the bills when it's time to get paid again.
Splitwise
Splitwise is an app that allows you to split the cost of a purchase with your friends.
This is an app that allows you to split the cost of a purchase with your friends. The app is available for both iOS and Android devices, and has been downloaded over 10 million times. It was created by two MIT students, who saw how difficult it can be to figure out who owes what when splitting bills among friends.
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