Introduction
You’ve probably heard the phrase “financial control.” It’s used to describe the ability to manage your budget and keep tabs on your finances. The term comes from the idea that if you don’t have control over your money, then it will run away from you—it’ll just go off into the world and do whatever it wants. But what does this mean? How can we achieve financial control? What tools should we use? And most importantly: how do we know if they work? In this article, I’ll explain what exactly financial control is and why it’s important for achieving a healthy financial future. Then I’ll lay out some of my favorite apps that can help guide your spending decisions while keeping track of where every penny goes!
Financial control is a critical aspect of your financial health.
Financial control is a critical aspect of your financial health. You need to understand the tools available to you, and what they can do for you.
There are many different spend management software that people use for financial control—from simple budgeting apps, like Mint or YNAB, which help with budgeting and tracking spending habits; all the way up through more advanced apps like Quicken or Microsoft’s Money. It’s important for everyone—whether they’re just starting out on their journey towards becoming financially responsible adults or already experts at managing their money—to have access to these types of tools so they can make informed decisions about how best use their resources in order to reach their goals.
You need to understand the tools available to you to control your finances effectively.
Once you have a thorough understanding of your financial situation, it’s time to start looking for tools that will help with your financial control. There are many options available today:
- An app or program that tracks your spending habits (e.g., Mint)
- A budgeting app or website that allows you to set goals and track progress toward them (e.g., YNAB)
Here are some of the best financial control tools you can use:
- Pocketbook Personal Finance Assistant
- YNAB (You Need a Budget)
- Spendee
- Acorns
Pocketsmith
Pocketsmith is a personal finance tool that lets you manage your money, track expenses and analyze your spending patterns. It’s available for both Mac and PC users, and it has many features to help you get organized.
Pocketsmith’s main features include:
- A complete expense tracker that can be used by anyone who wants to keep track of their daily expenses across multiple accounts like credit cards or banks;
- An online budget manager where you can create budgets for different categories (such as groceries) and adjust them as needed;
- Electronic bank statements so that all transactions go directly into one place;
- Automatic categorization based on how much money each person spends during certain months (this feature is called “rainbow”);
Mint
Mint is a free app that helps you track your spending and saving. It allows you to set budgets, receive notifications when you go over budget, see all your accounts in one place, sync up bank accounts and credit cards so they’re all accessible from one place (including investment accounts), get alerts when bills are due or funds are low in any of those accounts.
If you’re looking for something more robust but still powerful enough for basic financial management needs—especially if there’s no one around who knows how much money should be in each account—Mint will do the trick.
Money Dashboard
Money Dashboard is a free tool that lets you monitor your finances, set budgets and track your spending. You can use it on both Android and iOS devices.
The app allows users to see all of their accounts in one place so they can easily make adjustments if needed. With Money Dashboard, you can set monthly budgets for each category of expenses (e.g., groceries or rent) as well as see how much money has been spent in each category throughout the month so far—which helps prevent overspending on things like entertainment or eating out!
Pocketbook Personal Finance Assistant
Pocketbook Personal Finance Assistant is a free app that helps you manage your finances. It has a budget planner, expense tracker and more features. The app is available for Android and iOS devices.
If you are looking for an app that will help you plan out your monthly spending habits, then Pocketbook Personal Finance Assistant may be the right tool for you.
YNAB (You Need a Budget)
- YNAB is a budgeting app that helps you track your spending and save money.
- YNAB offers a free trial, but you need to pay to use it after the trial period.
- YNAB is available on iOS, Android and Mac.
Spendee
Spendee is a budgeting app for iOS and Android that helps you track your income and expenses.
Spendee is free to use, but it has some limitations. There’s no built-in calculator or barcode scanner in Spendee—you’ll need to install additional apps if you want those features. The free trial period lasts 30 days, after which you’re charged $4 per month unless you cancel before then; if you’re interested in trying out Spendee for yourself (and don’t mind paying), we recommend going through the limited trial so that any early bugs can be ironed out before committing to monthly payments.
Acorns
Acorns is a robo-advisor that helps you invest your money. It’s a great tool for people who want to invest their money and don’t have the time or knowledge of how to do it themselves. Acorns also helps you learn about investing by letting you play around with different accounts, so if it’s not working out as planned, there’s no harm done!
For younger investors (under 30), Acorns is especially useful because it automatically invests all of your spare change each month into low-cost index funds like Vanguard Total Stock Market ETF (VTI). This means that even if you don’t know what else is going on in stocks right now, having Acorn’s automatically managed account will still give good returns over time without costing anything extra than the management fees charged by Vanguard itself—which are pretty low anyway!
Albert Personal Finance Assistant
Albert Personal Finance Assistant is a personal finance assistant that tracks your income and expenses, and helps you stay on top of your money. Albert has a free version, but the premium version is worth it.
Albert can help you get organized, so that you’re always in control of where your money goes. It gives you an overview of all of your finances at once, so that it’s easy to see how much income there is coming in each month (and therefore how much spending can be done). The app also keeps track of what bills need paying next (so no more forgetting about bills), so there’s no longer any guesswork about when things need paying or whether something will be covered by insurance before next paycheck comes through!
Pocketsmith, Mint, Money Dashboard, Pocketbook Personal Finance Assistant and YNAB are some of the best budgeting apps you can use in 2020.
Pocketsmith is a great tool for tracking your spending. It lets users categorize their expenses into monthly categories so they know exactly where their money is going each month. This helps them create budgets more efficiently and stay on track with their goals by seeing which areas need improvement or more attention than others.
Mint also caters to personal finance needs by letting users enter information about their bank accounts and credit cards through its website or mobile app—and then automatically imports all this data into its software so it’s ready for use when needed (like when doing taxes). The program also gives users access to Mint’s “Easy Budget” feature which allows them to set up recurring payments from pre-determined sources (such as paying bills) into an account labeled “Bills” within seconds using just a few clicks!
Conclusion
So, which is the best tool for financial control? Well, that depends on what you want out of your finances. Are you looking for a free or low-cost way to track your spending and income? Do you want to use an app that’s simple and easy-to-use? Or maybe you prefer a tool with more advanced features like budgeting tools and investment planning tools. Whatever it is, there are plenty of options out there on today’s market!
