No Spend July: Favorite Budgeting Apps
Monday, July 7, 2014
Welcome to the first update of No Spend July with Katie and I. I hope y'all had a wonderful fourth! Mine was pretty awesome. But I'll get into that a little later. For right now, let's talk money!
I suppose if I were strictly sticking to my budget, I went over this week. I feel like that was an awesome plan on paper, but kind of hard to stick to in person. July 4th happened and I went to a beach club (awesome night, by the way). I paid $10 for admission for all you could eat hamburgers and hot dogs with 3 drinks. My drink of choice for the night was Bud Light with lime. Not my all time favorite, but better than the other drink ticket options. I also went to Target and got an undergarment for my bridesmaid dress this coming weekend. I had a gift card from where I returned an item so I used that and had to pay $3.16 out of my budget for it. I think I should be able to stick to somewhere around my budget for the month!
So what I really wanted to talk about today was my favorite budgeting apps. Since I started my job, I had been on the hunt for a good way to keep track of my money and something that I wouldn't get tired of keeping up with.
Enter the Level Money app. This app is an awesome way of making sure that you stay on budget. It has a simplified design that easily lets you see if you are on track for the month. When setting up level, you will link it with your bank account and then set up your budget. You tell Level what your income is, the amount of your bills and how much you want to save. I personally tell it my income is lower than what I actually make, that way I spend only what I want to spend from my paycheck and I can save the rest.
As you go about the month, if you under-spend, it accounts for that and is called Rollover. It adds up all the rollover for the month and allows you to count that towards their newest feature, Goals!
I have two minor complaints about this app. It's slow to retrieve your transactions (at least in my personal experience), and it doesn't account for cash. So enter the second best budgeting app! Budge. Budge allows you to set up how much you want to spend in specific categories. But it is a manual app, so if you are using cash or feel a little leery about linking your banking account with an app, this might be the one for you.
After you've spent you go to the add expenses screen and enter in your amount and category. You can also see where you are spending a lot of your money. It helps if you are trying to cut back in some areas (cough, alcohol, cough). I think this app might have been designed with college students in mind since alcohol has it's own category.
These two apps have been helping me keep track of my spending for the past two months and will definitely help me with the belt squeezed budget this month.
Be sure to go over to Katie's little piece of blog-land to check out how she is doing this week!
Common Discussions: No Spend July