Staying on budget is sometimes one of the most difficult things to do, especially for a small business owner or a sitebuilder. There’s just so many things to buy that it can be quite overwhelming for someone who has just started in business.
Budgeting is actually one of the top challenges a small business owner can face.
Having a tool, then, to keep one mindful of expenses, is very important. Without a tool to monitor the budget, you will end up spending money on less significant things while overlooking those that are critical in the running of your business.
Some of the reasons why budgeting is important include the following:
- It helps you to track your expenditure
- It is essential when planning for the business
- You know how much you are supposed to save
- It reminds you when to pay bills and when to collect debts
If you talk to successful entrepreneurs, they will tell you that finding a good app is the best way to ensure controlled spending. The following are six of the best applications that you can use for this purpose.
This app runs on the Android platform so you can use it on your mobile phone. It can be used to view things such as the balances and an overview of the budget.
One of the things that make it a top selection and a popular tool among most entrepreneurs is that it has easy steps you can follow to feed information and track your expenditure.
In addition, it also gives you real-time statements so that you can tell the amount spent and the balance in your account at any given time.
2. Financial Calculators
As the name suggests, this is a set of calculators that help the user to keep track of their financial undertakings. You can use the application to calculate your loans, insurance premiums, profits, and losses before factoring them in the planning process for your business.
What you will like about it is that there is a different type of calculator customized for every specific task so that you do not get confused along the way.
3. Fast Budget
The main feature that makes Fast Budget an essential tool for every entrepreneur is the fact that the material design is amazing.
It is one of the few applications that can help you to organize your whole financial records because it also keeps track of your credit cards.
Fast Budget comes with charts and overviews so that you can easily see where your money is going and how much you are spending on every item.
4. Expense IQ
One feature that makes Expense IQ stand out from the rest of the apps in the market is the fact that it is more focused on your daily financial transactions.
It tracks the bills that you pay every day as well as the money you receive in your accounts.
When the day comes to a close, it gives you a detailed statement that has already been summed up so that you can easily determine the changes that you need to make on your daily spending routine.
AndroMoney tends to focus more on functionality rather than form. With this app, you will be able to calculate personalized expenditures without having to go through too many complicated processes.
The fact that the user interface is quite easy to use is one of the factors that have made it popular among small business owners.
At the end of the day, you can keep track of your money through simple steps and plan for the next financial session.
As the name suggests, it is an Android application.
6. Mint Bills
This app helps to get just almost everything done and managed. As long as it is about money and budgeting, you can be sure that the application will offer you the necessary tools that make the process simpler than you can ever imagine.
With Mint Bills, you will enjoy a better personal finance organization apart from analyzing your spending trends so that you know where most of your money goes to.
In a nutshell, a budget can be easy to handle if you get the right application to help you.
Gone are the days when you had to go through difficult and complicated manual budgeting methods.
If you are wondering which app to choose, think about your own unique needs as an entrepreneur or a sitebuilder. Your choice should be determined by your personal financial trends and the nature of your business.
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Originally published at www.bookmark.com on July 7, 2016.