When you’re saving money there are plenty of obstacles that can stand in your way. Frugal fatigue, sudden emergency expenses and day to day costs are all hurdles you’ll have to clear when you’re trying to pinch pennies.
Saving cash isn’t easy, but as you’ll see in this post – thanks to four free budgeting tools saving has become much easier than in years past.
The main thing to keep in mind that regardless of which tool you choose to go with, none of them can do the work for you. To benefit from them, you’ll have to motivate yourself to use the tool on a regular basis.
Here are the four tools:
1. Budget Sites – The web has several excellent budgeting websites. These free budgeting tools can make saving money tremendously easy. They’ll link all of your accounts to one another and help provide an easy way to manage your money.
You can link bank accounts, credit cards, retirement funds, and nearly any other kind of account you can think of. It’s never been easier to manage your money.
2. Online Banking – While some people hate the idea of linking all accounts together, it’s still important that you don’t overlook the online banking options from your bank.
It has become so much simpler to keep track of your finances thanks to these sites, and it can help you budget as well.
3. Dividing Sites – Some websites are focused on helping you save money when you’re in a group. Those who have roommates that all split the bills, for instance, can use these free budgeting tools to help see what everyone’s share of the household bills are.
You can also keep track of who has paid what in order to make sure everyone is doing their part.
4. Charts – Free budgeting tools don’t have to be digital. The good old fashioned pen and paper budget charts (opens printable PDF) you can make will help provide you with some guidelines as well.
Perhaps you could even fill out a calendar that details expenses as well as a reward at the end of the month for being so frugal.
The key to saving money is proper planning and budgeting. So whichever tools you decide to use, the important thing is that the tool makes sense to you. And remember, any one of these tools can help, but in the end it will come down to your own actions that will determine the success of your budgeting.