Budgeting Software Review: YNAB vs. Mint

Budgeting software has totally changed the way that we think about our money. They give us the ability to customize our budget which can help us: 

  • Get out of debt.
  • Save more money. 
  • Cut expenses. 
  • And make our hard-earned dollars go further. 

With budgeting software applications on our mobile devices, we can take them with us everywhere to inform our spending and saving decisions. They have given us intuitive and easy-to-use tools that make budgeting easier. With so many budgeting software and applications on the market though, how can you be sure which one is going to be the best for you? 

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Everything You Should Know About an Emergency Fund

No matter how well things are going, disaster can always strike. Even worse, it does so without warning, meaning that you’ll never be as prepared for it as you should. Unfortunately, for many Americans, these setbacks can have significant consequences on one’s financial stability and security. 

The best way to alleviate this fear and worry is to set up an emergency fund. If you haven’t thought about doing this before, now is the time to start. Whether you have $5,000 in the bank or $50, it’s never too early to begin saving for a rainy day. In this article, we’ll break down the basics of emergency funds, as well as how to make sure that you’re on the right track. 

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Our Review of Mint vs. Quicken

Modern budgeting tools simplify managing your money. Some of these tools don't cost anything, but some can still really benefit you for only a small fee. Mint and Quicken are perfect examples of these tools. 

Mint is free, while Quicken will cost you a small fee. However, both can be extremely helpful and keep your finances organized. Let's take a closer look at both of these great budgeting apps. 

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Our Review of Mint vs. Personal Capital

There was a time when monitoring your financial situation was relatively complicated. Whether it was balancing a checkbook or writing expenses in a ledger, you had to input everything by hand and do a lot of math to get accurate results. 

Thankfully, we’re living in the golden age of technology. Instead of using old-fashioned financial tracking methods, all you need to do is download an app, and you’re ready to go. However, with so many options available, it can be a bit overwhelming to determine which one is best for your needs. Fortunately, we’re here to help with our review of Mint vs. Personal Capital. 

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The Pros and Cons of Living Stingy

Everyone has different ideas about how to spend money wisely. Some like to invest and save, while others have a habit of spending too much. 

"Living stingy" means something different to everyone. If you're already pretty frugal, living stingy could mean cutting back on some groceries, or attempting to cut back the electric bill. If you're used to living the life of luxury, living stingy could mean eliminating going out to dinner or buying a car with a lower monthly payment (or no payment). 

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How to Dominate Debt

If you’re like most Americans, you have a substantial amount of debt. Unfortunately, accruing debt is all too easy in modern society, which means that it’s incredibly difficult for some people to get on top of their money and take back control. 

However, just because it’s challenging doesn’t mean it’s impossible. As long as you’re willing to fight the good fight and make some significant changes to your lifestyle, you can learn how to dominate debt. 

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How to Make a Budget and Stick with It

One of the best ways to get ahead financially is by making a budget and sticking to it. However, many people shy away from budgets because they think of them as too restrictive. A budget shouldn’t limit you; it should give you more freedom.

Think of a budget as a spending plan, a way to tell your money where to go rather than the other way around. It is a critical financial tool that will help you build wealth and set yourself up for financial success.

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The Easiest Ways to Save Money

Many Americans are one paycheck away from going into debt to pay for an emergency. A report by the Federal Reserve on the economic well-being of U.S. households found that 40 percent of American’s can’t afford an unexpected $400 expense. Having some extra cash can help you be prepared in case financial disaster strikes.

There are many different ways to save money – some easier than others. Pick what works for you and stick with it for a few months, setting aside the money that you save in a separate savings account. You can use the extra money to start an emergency fund or invest for retirement.

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How To Overcome Your Fear Of Personal Finances

Have you ever been afraid to log into your bank account or check your credit card balances? If you’re losing sleep over your personal finances, you’re not alone. According to a Bankrate survey, 36 percent of Americans are losing sleep over money troubles.

While money anxiety can be more common than we realize, it’s important to address it sooner rather than later. Ignoring your finances will hurt you in the long run, even if it feels better to bury your head in the sand right now. Money troubles never go away unless you take charge of your situation and address them head-on.

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Tips on Budgeting and Saving Money

Budgeting and saving money are closely related because budgeting is the most effective tool people use to save money. And no, budgeting isn’t just about tightening the belt and spending less. It’s about putting your money to work for you so that you prioritize and spend on the things that are most important.

So today I will be sharing with you some of the most effective tips that you can use to be successful when it comes to budgeting and saving money.

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