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8 Great Apps that Will Help You Save Time and Money

8 Great Apps that Will Help You Save Time and Money

There are plenty of great opportunities for self-improvement and indulging in small pleasures in this world, but lack of time and/or money often get in the way and keep us from moving straight forward and jumping on these opportunities. It can be tough to reduce spending and save some money if you don’t have a clue where your money is going and how much of it slips through the cracks. At the same time you can’t really efficiently manage your time if you are not productive and don’t have a defined schedule, which in turn limits your ability to spend more time learning new skills or getting enough rest.

Well, the good news is that the smartphone you have is good for more than just chatting with friends, browsing social media and playing games when you are bored – which you shouldn’t be doing in the first place if you are concerned with productivity and time management. Here is a list of some excellent apps that will help you save time and money during the course of your daily life.

1. HomeBudget with Sync

HomeBudget

    Effective budgeting should be your top priority, and the HomeBudget with Sync app has everything you will need to keep track of your spending and find that perfect balance between income and expenses. The app features a user-friendly design that is both very visually appealing and easy to navigate. Apart from standard functions like the ability to store a photo of a receipt and view handy charts, you can also access all the budget information in the cloud from different devices, allowing multiple people to effectively keep track of a collective budget.

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    2. Splitwise

    Splitwise

      One of the worst things for a well-thought out budget is when you live with or frequently go out to eat and drink with a bunch of different people who don’t share the same budget. It can be very easy for one person to end up constantly having to pay more and lose out on transactions like paying the bills or buying rounds. With the Splitwise app you can effectively split up bills and keep track of who has paid for what, without getting into arguments or playing the guessing game.

      3. TripLog

      TripLog

        Budgeting home expenses is all well and good, but what about when you hit the road? TripLog is an automatic mileage-tracking app that enables you to track your mileage, expenses and show your routes on a map. When your mobile device is plugged in the all automatically starts tracking once you go over 5mph. It is a great tool for those who drive a company car and need to write reports, and a good way to see which routes are more effective and give you a look into how much you spend during your daily commute, so you can work out how to save a lot of time and money.

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        4. Viber

        Viber

          Why spend more money every month and lock yourself into prolonged cell phone contract, when you can talk all you want and send as many messages as you want for free with Viber? Even better, Viber is now available for desktops as well. You will be surprised at just how much you can save on your phone bills once you switch over, especially if you are a very social little birdie and use your phone quite a bit during the day.

          5. CubeAnywhere

          CubeAnywhere

            Aimed at the more business oriented crowd – be they freelancers, team managers or entrepreneurs – CubeAnywhere gives you the ability to easily keep track of different projects and costs involved with useful charts. You can access the information from anywhere in the world and from any device, as the information is stored in the cloud and the app is integrated with Google’s services, like Google Docs.

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            6. EverNote

            Evernote

              It’s incredibly easy to forget things or lose track of your obligations, so a good schedule planner should be everyone’s top app. However, EverNote provides a lot more functionality, allowing you to quickly jot down information, take notes when inspiration strikes, and even manage expenses. Not only will you stick to your schedule, but you will be able to write down ideas when you feel most creative and productive, no matter where you are. It will probably be the one app on your phone that you end up using the most.

              7. Any.do

              Anydo

                If you are looking for a more minimalist streamlined approach for organizing your tasks, for instance checking off items on the list with a quick finger swipe, then Any.do is the right choice for you. All your to-do lists, projects and tasks can be shared with your co-workers, roommates or family members, as well as accessed from any device, so you can all stay on top of things wherever you are. You can even turn missed calls into reminders and put a widget on your home screen to always stay informed on the tasks that are coming up.

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                8. Contacts+

                Contacts plus

                  A lot of the time you end up mixing up numbers, forgetting who the person you need to call is or just have a very messy contacts list in general, which means it takes time to find and contact the right people. Contacts + allows you to set up a beautifully designed contacts list that can be prioritized by frequency of calls. It is synced with Facebook, Tweeter and the Whatsapp free messaging app, so you can add a current profile picture to every entry and quickly contact them via call, SMS or message them through social media. You can also get birthday reminders.

                  So, all you busy people out there who are leading a hectic lifestyle and are always strapped for cash or running late, get some of these useful apps and start getting your life in order. With enough time and effort you will be able to become a busy little ant that always stays on top of all tasks, which will lead to you having more free time and wasting less money.

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                  Ivan Dimitrijevic

                  Ivan is the CEO and founder of a digital marketing company. He has years of experiences in team management, entrepreneurship and productivity.

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                  Last Updated on June 6, 2019

                  The Average Retirement Savings and How to Save Wisely

                  The Average Retirement Savings and How to Save Wisely

                  Are you on track for retirement?

                  If not, don’t worry, I’m not sure either. I save each month and hope for the best.

                  Fortunately, I’m at an age where most people don’t save so I’m ahead of the curve.

                  But, what if you aren’t in your 20s? What if you’re near retirement and are looking to gauge where you stand?

                  If so, keep reading. Here’s how to prepare for retirement and save wisely during the process.

                  What Does the Average American Have Saved for Retirement?

                  Saving for retirement is tricky.

                  Tell someone straight out of college to save $10k a year for retirement and it’ll be next to impossible.

                  Make the same request to someone decades older and they’d be more likely to be able to save this amount. But, a 20-year old college student can be “financially ahead” of someone saving more than them. Why?

                  Age matters in your financial journey. The younger you are, the more time you have to save and put compound interest to work. As you get older and have more saving power, you’d have less time to put compound interest to work.

                  Here are the average savings Americans hold by age bracket:

                  20’s – $16,000

                  During this stage, most people are paying loans and moving up the corporate ladder. Your best bet during this stage is to focus on eliminating debt and increasing your income. Don’t focus only on getting a high-paying job neither.

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                  Instead, focus on learning via Podcasts, reading books, and taking specialized courses. Doing this will make you more valuable and give you more career options.

                  30’s – $45,000

                  At this stage, you’ve hopefully escaped your entry-level salary and work at a career you enjoy. Your earning power has increased but you now have more obligations. For example, marriage, kids, and a mortgage.

                  Set a plan to pay off all your debt and focus on eliminating unnecessary expenses. Leverage financial tools like Personal Capital to ensure you’re on track for retirement.

                  40’s – $63,000

                  This is the stage where you’re at the prime of your career. Top financial institutions recommend you have at least 2 to 4 times your salary saved up. If you’re falling behind, start maxing out your 401K and Roth IRA accounts.

                  50’s – $115,000

                  During your fifties, you’re close to retirement but still, have time to save. You may be helping your kids pay college tuition and other expenses. Since you’re at the peak of your earning power, max out all your retirement accounts.

                  60’s – $172,000

                  By this point, you should have about eight times your salary saved up. If not, you’ll depend primarily on social security benefits averaging $1400 per month. Max out all your retirement options as much as possible before retiring.

                  Ways to Save Money on a Tight Budget

                  The sad reality is that most Americans aren’t saving enough for retirement.

                  Even high-earning power isn’t enough to secure one’s financial future. You need to have the discipline to save for retirement while time is in your favor. Don’t wait for you to have a high salary to save, start with having a small budget.

                  First, get a clear picture of where you stand. Write down a list of “needs” and “wants.” For example, Netflix and Amazon Prime are “wants” and a “cell-phone” is a need.

                  Use tools like Personal Capital to analyze your spending patterns. Personal Capital allows you to add all your financial data in one place–making it a powerful option to gauge where you stand.

                  Once you know all your expenses, organize them from highest to lowest expense. When you can’t cut more expenses, call your service providers to negotiate a lower price. If you’re not good at negotiating, use services like Trimm to lower your monthly expenses.

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                  How to Save Money Each Month

                  By this point, you know the average amount of money you should have saved for retirement based on your age.

                  But, breaking this down into monthly goals can be challenging. Here are some rule of thumbs to follow:

                  Aim to contribute 10%–15% of your salary each paycheck. Review your progress each week.

                  Why so often? The reality is that life gets in our way and you will have many financial setbacks. Your goal isn’t to be perfect but to get back on track instead.

                  Reviewing your finances weekly lets you know where you stand with your retirement. This doesn’t have to be a long process either. All it takes is login in Personal Capital to view your net worth and check how much you have saved for retirement.

                  Turn saving into a game and aim to save more each month. It will get challenging but you’ll get creative and find more ways to save.

                  Top Money Saving Challenge Tips

                  To prepare for your financial future and not be another statistic you need to be different.

                  How?

                  By adopting new habits that’ll help you become a saving machine. Here are some ways you can save more:

                  Automatically Contribute Towards Retirement

                  If you’re working for a company, you can automatically contribute towards your 401k. If you’re not currently contributing more than 10%, make this your goal. Contribute 1% more today and automatically increase this amount a year from now.

                  Odds are that you’re not going to be negatively affected by contributing 1% more. Many times we spend our money on things we don’t need. Contributing more towards retirement is a great way to secure your financial future.

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                  Use the Right Tools to Know Where You Stand

                  Once you’re contributing more towards your retirement accounts, gauge your progress. Make use of finance tracking apps to help you view the big picture of your retirement.

                  When I’d first signed up for the app Personal Capital, I didn’t know I had a negative net worth. Despite saving thousands of dollars, my debt brought my net worth to the negative. Knowing this motivated me to save more and spend less.

                  Now, I have a positive net worth. But, it was because I was able to view the big picture using the app. Find out what your net worth is using a finance tracking app and you may surprise yourself.

                  Bring in Experts to View Your Blind Spots

                  If you have too little or too much money saved, you should consider hiring financial experts.

                  Why?

                  You may need someone to hold you accountable to help you reach your financial goals. Or, you may need help managing your money as effective as possible.

                  Regardless of the reason, getting help may help improve your financial situation.

                  Before you hire an expert, find out which areas you need help the most. For example, if you’re constantly overspending, find a debt counselor. If you’re struggling with choosing the best investment options, hire a financial advisor.

                  Speed up Your Retirement Contribution

                  After learning how to manage your money well, the next best thing is to earn a higher income.

                  You’re capped at how much you can save but not much you can earn. Even if your employer isn’t giving you a promotion, you can still take charge of your financial future. How?

                  By starting a side-business.

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                  This will be something you’d work on after you’ve finished your day job. Once you start earning income from your side-business, you’ll be financially better off.

                  The best part is the more work you put into your side-business,[1] the more potential it has to earn more money.

                  So start a side-business in an area you’re familiar with. For example, if you enjoy writing, do freelance writing for small e-commerce businesses.

                  Once you’re earning a higher income, you can contribute more towards your retirement. Don’t wait for the right opportunity to secure your financial future, create one.

                  Reach Financial Freedom with Confidence

                  What if you were able to retire tomorrow with no problem, all because you’d have enough money saved up and little to no debt left to pay off? How would you feel?

                  My guess is that you’d feel happy and relieved.

                  Most Americans are falling behind their retirement goals for many reasons. They’re not prepared, they carry bad money-habits and are thinking short-term.

                  For you to retire successfully, you need to work backward and adopt better habits. Contribute more towards your 401K and focus on growing your income.

                  If you do, you’ll save money and pay debt faster.

                  Don’t beat yourself up if you’re behind your retirement goals. Take the first step today towards a brighter financial future. Isn’t retirement worth the hard work and sacrifice to be at peace?

                  Featured photo credit: Huy Phan via unsplash.com

                  Reference

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