How many times have you tried building a budget only to toss it out the window when it got too complicated – or exceeded your spending limit within a week?
It happened to the best of us. No shame.
The thing is, there are so many apps and websites out there that promise to understand your spending and encourage you to save, but nothing seems to be an exact fit for your needs. Sometimes the only way to get real insight seems to be to hire an expensive financial advisor, or to design a formula-rich table of 100 rows.
But that is no longer true.
Enter a new app called Simplifi, which was developed by the personal financiers at Quicken.
An easy-to-follow spending plan will be created for you to work towards your financial goals – whether you are going to rent, buy a home, or build an emergency fund for the next month.
Show your money who's in the driver's seat
What makes Simplifi by Quicken better than the tons of other money management apps?
After you've connected your financial accounts, Simplifi automatically creates a personalized spending plan for you based on your own bills and income. Think of this as a roadmap for your spending.
This plan is completely flexible and can even be customized. Which expense categories do you need? For which big or small goals do you want to save?
Think of Simplifi like a GPS – but for your bank account. It shows you where you are now and how to get to where you want to be. If roadblocks come up along the way (e.g. an unexpected bill), you can redirect them.
Simplifi also helps you plan your future. Yes, that includes mini savings accounts for your long-term goals, but we're also talking about the immediate future – like how much you can afford to order this month.
Choose your destination and this app will show you how to get there
Getting started with Simplifi is very easy.
It takes 30 seconds to create an account and choose your plan. Your first month is free and you get a 25% discount now. That said, it starts at just $ 2.99 per month for an annual plan.
Once you are signed in, connect all of your money accounts. Registration via the Simplifi app takes less than a minute. You will then see your customizable dashboard and access your monthly spending plan.
The New York Times Wirecutter named Simplifi the # 1 budgeting app for 2020. However, if you are still not sure, you can try it for a month – completely free.
So go ahead, go ahead and get your spending and savings on track.
Kari Faber ((email protected)) works for The Penny Hoarder. Your savings goal is a historic, but modernly refurbished Brooklyn brownstone.
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