Yes, discipline at work can make you well-organized and save your time. But, here is one more interesting benefit of discipline – It can also help you save money!
A bit of discipline in your everyday spending can have a great impact on your piggy-bank. Easier said than done, the most critical part of controlling your increasing expenses is to know how to do it. Traditionally, people used to write down all their expenses on a spreadsheet under different categories to track and analyze later on. Many still do this as this is the best way to find and clear out unnecessary expenses. Another way is to set a budget and stick to it.
But, that’s really a headache!
So, say thanks to the internet as it’s making things easy for you. You can now easily track your expenses and create a budget online and save money. Start taking advantage of any of these 7 useful sites below.
WalletMap is a simple way to become economical and stick to your budget. This is a mobile app that allows you to punch the amount whenever you spend and later o you can view analyze all your expenses in their website. The app categorizes your expenses automatically according to your locations. WalletMap is the simplest method of tracking expenses online. No integration with credit cards and bank accounts required.
Buxfer is not just an expense tracker but a complete solution for budgeting, finance and even group finances! It allows you to link your bank account and credit card details to the site. The site uses Google Gears to store account login and sensitive financial information, and hence it is trusted by tens of thousands of users. Buxfer is easy to use and has a clean interface for tracking payments, purchases and trends in your spending habits. There are so many other interesting features in Buxfer.
Mint is the most popular online money management tool that has more than one million users. While doing research for this post, I found that most Mint users are satisfied with what Mint has to offer. It does all sorts of categorizing according to your spending and shows where your every coin goes, with easy-to-understand charts. It also provides you with a tailor-made budget according to your financial condition and keeps you on track with reminders and alerts via mobile, email, etc. If you are unable to consider any money management tool, consider Mint!
Just as the name says, TextHog lets you store, organize and access your receipts, expense reports and mileage tracking easily via text messages, website, email, iPhone and Twitter. Yes, you can even add your expenses via Twitter. TextHog has a feature that allows you to upload snaps of your bills and receipts. This feature can be of great help while preparing income tax returns.
Xpenser is an advanced form of online money management tool. This platform is more valuable for businesses who are already using QuickBooks, Microsoft Dynamics, PeachTree, FreshBooks or any other finance tool for business. Xpenser easily integrates these back-end financial systems and they are updated automatically. Your receipts and expenses can updated in Xpenser using iPhone, Android, Blackberry, SMS, Email, IM, etc. Automatic categorization is another common feature.
If you are looking for a platform to help you with your budgeting with useful personal finance features, BudgetTracker could be the end of your search. What I liked about their website is that they have clearly highlighted their features with pictures so that one can easily understand before signing up. So, just visit the site and have a glance at all the features.
SmartyPig is quite different from the rest. If you have a “save-then-spend” mentality, this is for you. SmartyPig is an online savings account certified by McAfee SECURE, VeriSign, TRUSTe, FDIC, and more. Thus you can save money with SmartyPig, get interest on savings and also set goals and keep track of your expenses. I found this platform a very interesting one.
Whether you are a businessman or any other gentleman, money is always an important term for any normal human being. Do you look into the other related terms (expense, bills, receipts, finance, etc.) and analyze how they influence your life/business? If not, be disciplined and start tracking them from today. At the end of the month you’ll know what you were missing.
If you use any web-based tool to track your expenses or manage your money, please do share your experiences in comments.