Take advantage of a Budgeting App
One of the more well-known budgeting apps is EveryDollar.
EveryDollar is a free budgeting app built by Ramsey Solutions - the organization behind Dave Ramsey, the personal finance media personality/book author.
EveryDollar relies on his money principles, known as the Dave Ramsey Baby Steps, and the debt snowball repayment technique.
How Does It Work?
EveryDollar uses the budgeting system known as zero-based budgeting. In zero-based budgeting, you assigned every dollar to a category. It's very similar to envelope budgeting.
This is where you input your monthly income and plan your entire month's spending ahead of time. You set up budgeting categories and then allocate your income to those categories.
Then you use the app to track your spending daily. If you have the free app, you manually enter your transactions. If you pay for EveryDollar Plus, you can link accounts and it'll automatically pull in transaction data.
If you're a fan of Dave Ramsey and his approach to money management, EveryDollar is an easy to use tool to help you manage your money.
The free version doesn't give you transaction downloads, which forces you to manually enter each transaction, which isn’t necessarily a bad thing because it gets you closer to your spending. It's free and quick to set up so you can check it out for yourself.
I use this app myself and found this you tube tutorial helpful in getting started.
Enjoy managing your spending,
