Phone Apps You Need

It’s important that we manage our money effectively and efficiently. I’ve said it before and I’ll say it again, “its not how much you make, it’s how much you spend”. I’ve created a list of a few phone apps that are:

– Cheap
– Effective
– Easy to use

Take a gander at these puppies.

Budget

They say, “Budget helps you track your spending and keep to a budget. You can easily see your total income and your total expenses for a period, plus which expenses you are spending the most on and which expenses you are going over budget on.”

I say that everyone needs to have a spending plan and there’s nothing like having your personal finance information at your fingertips. Using this app is a small change that will make a huge difference in your personal finance outlook… if you use it.


Compare Me Shopping Utility

They say, “WAS FEATURED BY APPLE IN “WHAT’S HOT” Did you ever shop at Sams, Costco or online at Amazon? Then CompareMe may help you to save money! CompareMe lets you compare products in different sizes and even in different packs.”

I say it’s an easy way to help you find out which buy is the best deal. Who knows if the $2 can at 16 oz. is a better buy than the $2.30 can at the 20 oz.? The Compare Me Shopping Utility knows.


iCredit Calculator

They say, “In the 1.2 release of the iCredit Calculator, the calculated repayment results can be generated into a PDF document that you can then e-mail as an attachment from your phone.”

I say this is a must have tool. When you’re out shopping and think, “i’ll put it on my credit card” this handy dandy tool will be there to help you find the true cost of those purchases. Small purchases really add up and effect your credit.

Bank of America Mobile Banking

They say, “Mobile Banking allows you to check available balances, pay bills, transfer funds or locate ATMs and banking centers on-the-go. It’s fast, easy and convenient. It’s a free service and available to Bank of America Online Banking* customers.”

I say it’s a great way to monitor your accounts on the go. The days of sitting at home balancing your checkbook are long gone for most of us. Why not have access to your accounts 24 hours a day, so you don’t end up with overdraft fees. Be honest… you know you take your phone everywhere you go. Now, you’ll have your personal finance information as close your music playlists!

Bloomberg

They say, “Bring the power of the most trusted source for financial information to your iPhone, along with tools to help you analyze the world’s markets.”

I say it’s a great free app that helps you toy around with financial market information. If you’d like to know more about stocks and how they work why not download an app from one of the most trusted financial sites in the world. Get this, it also comes in Chinese, French, German, Italian, Japanese, Korean, Polish, Portuguese, Spanish, Ukrainian. Nice!

What apps do you use for personal finance?

Your Credit Score Matters

I can’t tell you how many times I’ve heard people tell me that monitoring their credit score isn’t important. I’ve heard everything from, “I don’t use credit anyway” to “mine is already bad, so whatever”. Folks don’t realize that though we usually think of credit cards when we think of credit, our credit scores are used to dictate many areas of our lives.

Utility deposits – many utility companies will want to run your credit score in order to turn your services on. You may be asked to provide a deposit if your credit score isn’t up to snuff. We all need electricity, water, gas, etc. Keeping your credit score up lowers your total moving costs by not requiring deposits.

Jobs – employers have been known to run your credit and conduct a background search. More and more often that stack of papers in your application packet will include a request you pull your credit scores. Employers think that if you have a low score you might be tempted to steal or might be distracted from working. Having education and experience is great, but in this day and age it might not be enough to land a great job.

Loans – the interest rate that you will be offered on car loans, home loans, credit cards, etc. is based, in part, on your credit score. The higher the score the lower the interest rate. The lower the interest rate, the more money you save.

It’s important to monitor your 3 credit reports. Make sure that your reports are error free and that you’re taking proactive steps to keep your scores as high as possible. Read more about how to maintain stellar credit scores in Money Matters: The Get It Done in 1 Minute Workbook.

PEACE