Do you find yourself using a cash advance or a payday loan to make your budget work more often than you’d be willing to admit? A little more planning and constant monitoring of your day to day spending would help many folks track their expenses easier. With all of the free online budgeting tools available, consumers would help themselves budget more wisely using one of these innovative tools.
Keep your budget funds advance free.
Why would you want to try one? Would you like to keep your banks accounts in the black? Would you like to manage your accounts better? Do you want to see where your money is going in order to cut back appropriately? It can be a little nerve wracking to give a program all your banking information, but if you go with one of the larger more popular ones, you will be dealing with an honest budget helping program. Do some research on the different tools. Ask family and friends to see if anyone has used one and/or which they would recommend.
If you have smartphone, you will find that budgeting tools are even easier to manage. Each time you spend money; you can take a few moments and enter the data right through your phone. This is much more convenient than keeping track of everything all day and recording receipts every night. I’m sure I am not the only one who would lose a few paper receipts or get caught up in the evening forgetting or postponing data entry. Alright, I am a procrastinator and would find myself complaining about the pile of receipts at the end of the week and then end up quitting due to my own laziness. Those smartphone apps work perfect for people like me who need convenience and simplicity in order to get the job done.
Budgeting is the first step. Once you get a handle on using this tool, you can then go on to find one which will help you bring down your debt. Yes! There is a tool for that too! Connect your account to all your creditors and it will let you know when payments are due. This program will help you pay down your debt as they focus on the accounts with the highest interest. It will even suggest payment amounts in order to make the largest dent in debt.
Get rid of your cash advance debt first!
Because cash advance debt is not revolving debt, it would be in your best interest to pay this off first. Once any short-term interest debt is cleared up, zone in on credit cards with high interest. If you do not feel comfortable using one of these online apps to help with your finances, you can always set up your own system, ask a friend or relative or give a credit counselor a call. I’m ready to start my finances over on the right foot. Debt is nothing but a number and I have the determination to control my finances instead of letting them control me.
