Despite holding steady for 2016, the cost of living in the U.S. is expected to rise by 3% by 2017. This is somber news for most of us already weighed down by rent/mortgage payments, utility bills, the cost of fuel, trips to the grocery store, and other day-to-day expenses. Its not all doom-and-gloom, however; today’s cloud-based tools make it free and easy to get a handle on your finances, even if some tightening of the purse strings is on the horizon.
The following are 9 of the best free cloud resources for looking after your money.
Mint arguably defined the cloud-based personal financial management space with its online bill payment and budgeting solution for individual professionals. The platform connects to your bank account and provides a plethora of information for getting your budget in shape (e.g., where you’re spending most of your money). It’s available as a free iOS/Android/Windows smartphone app or via your desktop as a web app.
You need a budget (YNAB) not only gives you a breakdown of your finances and expenses—it also offers clever budgeting tips and tricks for assisting when accounts hit certain low thresholds. YNAB also features a social component that enables information sharing amongst its community of users. Free use of the app is limited to 34 days.
Cashbook Expense Tracker is an app that offers a unique feature using your smartphone’s GPS for automatically calculating fares and distance traveled. The app can also be set up to send a monthly expense report to your Gmail or DropBox account automatically.
Expenditure is simple: press the green button to add income, red button to add an expense. A no-nonsense way to track incoming and outgoing money, the app is an ideal tool for freelancers and sales people in the field.
Expense Manager allows you to track and manage money from multiple accounts. Nifty features include budget threshold alerts and printing reports from smartphones.
FreshBooks is ideal for small businesses as well as freelancers with multiple clients. The app tracks bank accounts as well as other contractor-related information: hours spent, client information, expenses, projects, and more. It can also convert invoices to PDFs files for easy printing and sharing.
HelloExpense was designed for budgeting novices and others seeking an easy, no-nonsense way to manage finances.
MoneyWise not only keeps track of incomes and expenditures but also generates colorful charts and graphs of monthly expenses for facilitating wiser and more mindful financial decision-making.
Moneydance unifies all your account views and transactions into one streamlined interface for a more comprehensive view of your financial profile. It not only helps in balancing out your sheets but also reminds you of upcoming transactions have to be made or when bills have to be paid.
The above apps prove that you don’t need money to save money. Improving your financial health has never been easier with these free and inexpensive apps for managing your finances only a tap or a swipe away.