Online Budgeting Software
If you find working with pen and paper difficult, or find yourself falling behind on your budget, you can benefit from online budgeting software. These programs automate many budgeting tasks, such as tracking your spending. They also create graphs and charts that show you exactly where you stand without you having to do any calculations. Some programs even update automatically, making budgeting much easier on you.
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Mint
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With Mint, you can link all of your online accounts--including bank accounts, investment accounts and credit cards--in one place. Mint will save your login information for different accounts and update automatically. You can create a budget and divide it into categories. The software allows you to track your spending by subtracting expenditures from different categories throughout the month. You can see where you stand in your budget automatically with different graphs and pie charts. Mint will send you email reminders when you have a low balance or a bill due. Mint also comes with a mobile version for smart phones.
PearBudget
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PearBudget uses the envelope budgeting system. You define categories based on your spending and set a dollar amount for each section. Throughout the month, PearBudget will automatically deduct expenditures from the envelope categories. You can tag your expenditures to find them easily later, or add notes to any expense. PearBudget allows you to track both recurring and one-time expenses. You can export your account information as a spreadsheet. As of 2011, PearBudget costs $4.95 a month, according to the company website.
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Mvelopes
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Mvelopes allows you to create a budget using the envelope system. You can set your online financial accounts to update automatically. Mvelopes reports that as of 2011, the program works with over 14,000 different financial companies. Mvelopes pulls your expenditures daily and categorizes them automatically. You can track your net worth through the program. You can also pay bills online directly through the software. As of 2011, you can pay up to six bills a month for free, according to Mvelopes. The software also has a mobile version for smart phones.
MySpendingPlan
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MySpendingPlan lets you create multiple budgets. For example, you can create a recurring personal budget or a one-time budget for an event like a wedding. You can set your bill due dates and the software will track them automatically and send you email remainders of upcoming payments. The MySpendingPlan software keeps an updated list of available coupons and online sales you can see directly from your budget screen. The software also includes financial tips and personalized advice based on your spending habits.
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