As a consumer, you should be looking for any possible way to save money. Using today’s technology, you can save hundreds, if not thousands, of dollars a year. There are several apps available for download on your smartphone that can help you increase your monthly cash flow. Here are a few.
YNAB (You Need a Budget)
As many financial gurus teach, managing your money starts with the creation of a budget. The YNAB app is simply a budgeting app that helps you see exactly where you are spending your money. Track all your expenses using YNAB, which operates using four rules: 1) every dollar has a job, 2) establish a rainy-day fund, 3) roll with the punches, and 4) live on what you make each month. The results can help you improve your saving habits.
Clink provides a very simple approach to saving, especially for those who do not have much to save. Clink allows you to save as little as $1 a day. You choose your investment strategy. You can be as risky or as safe as you like. You can also decide to increase the amount saved per day, per week, or per month. It’s a simple app that may help you save a few hundred dollars over the course of several months.
Everybody buys groceries, right? The Flipp app allows consumers to view what items are on sale and where they are the least expensive. Looking for apples? Flipp will show you the grocery store in your immediate area that has the lowest price. You can build shopping lists in the app, which will help you plan your weekly shopping trips. Using the app can help you shave money off your grocery purchases.
If you are experiencing some financial difficulty, you can use the DebtTracker Pro app to help you work your way out of debt. The app helps you select a strategy and then implement it with reminders of when payments are due. DebtTracker Pro keeps track of your debt repayment plan and will show you how close you are to reaching your goal as further incentive.
If you are in debt and own an unfinanced vehicle, one debt repayment strategy you might wish to consider is a car title loan. Use your car as collateral for a short-term loan that you can use to pay off some or all your existing debt. You can repay car title loans from Embassy Loans within 12 to 14 months. You could be debt-free in as little as a year.