These Are the Only Three Money Apps You Need

How many money apps do you have? Turns out, the perfect number might be three: a budgeting app, an investment tracker, and a credit monitoring service.At Business Insider, Eric Rosenberg explains that these three apps are “the three most important tools I use to manage my own personal finances whether I’m on my laptop or with mobile apps on the go.”I also have these three apps, and I agree with Rosenberg—with a budgeting app, an investment tracker, and a credit monitor, you have an excellent understanding of not only where your finances are today, but where they might take you in the future.Here’s why.Budgeting apps keep you from overspendingThe budgeting app keeps track of your income and expenses, warns you when you start overspending, and lets you monitor your total net worth. Rosenberg uses Mint, but I prefer YNAB—its “give every dollar a job” system has revolutionized the way I look at my finances, and my net worth has grown by $27K since I started using the app six months ago.My net worth has grown by $27K since I started using ‘YNAB’ six months agoThe big reason why I prefer YNAB to Mint (I’ve tried both) is because YNAB forces you to deal with the consequences of your spending. We all overspend our budget now and then—but when you overspend with YNAB, the app asks you to rebalance your budget right away, with money you planned to spend in the future. That extra dinner out this month might mean less money in your clothing budget for next month, for example.If you spend less than you planned, on the other hand, that money rolls into next month’s budget. This means you can save up for a special treat—or decide it’s time to move those dollars from “dining out” to “vacation” or
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