According to a recent Gallup Poll, approximately two-thirds of all Americans do not have a detailed budget for their daily, weekly, and/or monthly expenses. That’s nearly 2.5 million people who have less than $1000 in emergency funds available at any given time. Financial specialist advise having enough money in emergency funds to cover at least three months of living.
Creating financial transparency is of the utmost importance if you’re interested in avoiding costly overdraft fees and maintaining the ability to sleep peacefully at night. Do you have a business idea that you feel the urge to pursue? Budgeting your finances will increase your investment options and provide a nice cushion for those unexpected expenses.
Budget Success Tools
Can you imagine the freedom of not having to worry about the transitional stage of changing jobs, the unwelcome surprise of a car accident, or maybe the purchase of those festival tickets that you “need” just went on sale? Luckily, in 2017 there are apps that aid in mending this millennial struggle. BudgetPulse, Buxfer, and moneyStrands are all amazingly simple apps that can help you get your money to a sustainable level of living.
The Mint budgeting tool is an easy to use budget creator that provides transparency for fixed and variable income. Credit Karma is a free app that provides user with the current credit scores and the ability to dispute from inside the app for an added touch of convenience.
Step 1. Budget!
Create a budget with the FREE 15 minute tool from our friends at Debt Free or Die Trying.
Step 2. Track it!
Download the Mint app to help track your budgeting success and avoid costly service fees.
Step 3. Stack it!
Once you begin to reprogram and form the positive habits of budgeting, tracking, and monitoring your finances, you will begin to see your accounts grow. Let us know your tricks and tips for “securing the bag.”