Wallet App Review: Your New Favorite Budget App

by Lucy Oake on February 16, 2018

wallet app review     BudgetBakers

 

 

 

 

 

 

 

 

 

 

 

There are a bunch of budgeting and financial management apps available. No matter who you are, you should probably consider using a budget tracking app. But lately, my favorite financial tracking app has been Wallet from BudgetBakers. It’s available on Google Play or the App Store, and it’s a great tool whether you’re just starting to get a handle on your finances or you’re an old pro.

Wallet helps build a healthy relationship with your finances

If you think that it’s enough to just look at your bank account to keep track of your spending, think again. Not only will Wallet allow you to set a budget and track your expenses by category, you can use Wallet to create a budget forecast based on your past spending habits. This allows you to get a full view of how your spending affects your life. There’s also great cash flow reports, allowing you to answer the question “Where’s my money going?”

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How much debt is too much?

Debt is a hydra-headed issue that keeps many people stuck in a bottomless financial pit. For perspective, the total credit card debt for U.S. consumers has crossed the $1 trillion milestone. Student loan debt has been increasing steadily for every demographic since 2004. And a 2017 survey showed that only 34 percent of middle-income Baby Boomers aged 52 to 74 years old will be able to retire without debt wiping off their retirement savings.

America seems to have a permissive culture of debt. The availability of financing makes it easy for many to spend money they don’t have on stuff they don’t need. The more unfortunate thing about debt is that it doesn’t happen overnight. Instead, it creeps up on you stealthily until its ravages all of your finances. If you are feeling helpless on how to manage your debt, you may want to seek help in debt counseling programs. If you’d rather go at it alone, this piece provides actionable insight to know how much debt is too much. That way you can start taking proactive steps to get your finances back in order.

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4 Ways to Cut Costs and Save Money This Month

by Sean Bryant on February 8, 2018

Cutting Costs

Healthy and long-term lifestyle habits are built by making small, incremental changes. The same is true when it comes to your financial health; you have to pace yourself. Savings goals should be treated like anything else — don’t bite off a bigger goal than you’re able to chew and keep down.

Rather than setting sweeping savings targets, it makes more dollars and sense to break it down. Use monthly, weekly, and daily actions you can take to support a sustainable savings habit. This way, you’ll be rewarded regularly for completed tasks rather than straining to reach a number.

Here are four bang-for-your-buck ways to yield monthly savings.

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Stash vs Acorns: Where Should You Invest Your Money?

by Lucy Oake on February 6, 2018

Stash vs Acorns

Thanks to technology, we’ve seen a lot of great advancements in financial tools. There are now more tools than ever that make it easier to invest with smaller amounts of money. Two of my favorite easy, low-maintenance, high-quality investment apps are Stash and Acorns. They work a little differently, but I use both consistently to help me reach my savings goals. If you’ve heard about Stash or Acorns but you weren’t sure if they were for you, then this article is sure to help you make that call! Keep reading as we discuss Stash vs Acorn.

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How Much Should I Have in My 401k?

by Lucy Oake on February 2, 2018

How Much Should I Have in My 401k?

Your 401k is one of the best tools you have when it comes to saving for retirement. And like every financial tool, it’s most powerful when you know how to use it. Whether you’re thinking about opening a 401k for the first time or getting ready to make your first withdrawals, this guide will give you a sense of what you need to know.

How to Set Up a 401k

A 401k is a type of retirement savings account that is sponsored by your employer. Your company may offer something slightly different, like a 403(b), which is essentially the same thing. Either way, nearly all employer 401k accounts can be set up to invest a portion of your paycheck before taxes are taken out.

Some employers set up 401k accounts for their new employees automatically. Other companies require employees to take a few steps to set up the 401k themselves. If you’re not sure which way your company does things, simply ask your HR representative. Part of setting up your 401k is deciding how much of your income to contribute. That number can change depending on where you’re at in your career, so let’s break it down.

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Don’t Waste Your Money in Bitcoin, Buy Bitcoin Cash Instead

February 1, 2018
Buy Bitcoin Cash

The world of cryptocurrencies is growing every day. New and more sophisticated digital currencies are entering the market and one of them is BitCoin Cash. Although it has not been around for long, its popularity keeps rising and crypto traders should not underestimate its powers. What is BitCoin Cash? The answer is quite simple. BitCoin […]

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EquityMultiple Review – Creating a Diversified Real Estate Portfolio

January 26, 2018
EquityMultiple Review

EquityMultiple Review   There are many investors that believe the era of buy and hold is dead.  The idea is that investments don’t perform as they used to, and so the modern investor must come up with alternative methods of accumulating wealth in order to retire with their desired standard of living.  To accomplish this, […]

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