With the new year still fresh, many people are still adamant about sticking to their New Year’s Resolutions. According to the site Statistic Brain, 45 percent of Americans typically make New Year’s Resolutions. In 2014, the second most popular resolution was to get organized, while the third most common resolution was to save more and spend less. I think the two go hand-in-hand.
As a business major emphasizing in finance, I pride myself on being fiscally responsible (although some people prefer to call me “frugal”). But, as a poor college student, managing money can be stressful, and who needs extra stress these days?
As I admitted earlier, I am addicted to my smartphone and I know I am not alone in this sentiment. How does this relate to managing money? There’s an app for that!
Mint.com is a free service that allows you to connect all of your bank accounts in one place. It monitors your transactions from all of your connected accounts, and it allows you to create a budget for yourself. The budgets created are divided into categories, such as “food and dining,” “gas and travel,” and “entertainment.” Your transactions will be categorized, and the app will send you reminders when you’ve gone over budget in a given category. Additionally, the app sends its users a weekly financial summary.
It’s a safe and secure system that will help you manage your finances and achieve your financial goals. It’s simple to use, meaning anyone who has access to the site will be able to make use of the service.
If you, like many, are hoping to get organized and save more this year, check out Mint and allow technology to become your financial advocate!