Financial Tools to Help you Budget and Save
Friday, June 21, 2019
Read Time: 3 mins
Modern tech has changed the way we manage and budget our money. Gone are the days of pen and paper, ledgers and worksheets. With all the technology out there, more and more people are using phone apps and website tools to help manage their finances. Here’s a breakdown of some of these financial budgeting tools that our team recommends:
Many Mobile Apps make it easy for you to manage your money on the go. Most only require a fingerprint to log on. We’ve tested and narrowed it down to a couple of apps that we think may help you better manage and save your money.
Mint is a great tool to help you manage and stick to your budget. When linked to your account, Mint automatically updates and categorizes your transactions so you can see how much you’ve spent each month. It also categorizes your purchases such as restaurants, groceries, clothing, and more. Knowing how much money you spend in certain areas may make it easier for you to stick to your budget. When you're getting too close to maxing out your budget, the app will alert you. It also provides you with a free credit score, and you can set up bill pay reminders.
Looking for a way to save a little more money each month? Acorns helps you save by rounding up and transferring the change from your purchases into an investment portfolio. For instance, if you make a purchase for $1.50, Acorns will round it up to $2 and transfer the 50 cents into your portfolio. Acorns then automatically invests it for you. There are different levels to their service priced at $1, $2, and $3 per month depending on which level you choose. If you are a student with an active school email ending in .edu, you qualify to use the app and its services for free.
Want to access your account without having to visit a branch? With our Mobile Banking App, your branch goes wherever your phone goes. View balances and transaction history, transfer and deposit funds, pay bills, and locate ATMs and branches. Save a trip to the branch and deposit checks from anywhere using our Mobile App! Funds will be available within two business days unless extended holds apply. Sign up for Online and Mobile Banking.
With Online Banking, you have control over your finances from the comfort of your own home or wherever you may be, as long as there is Wi-Fi. Online budgeting can also be set up to see up-to-date transactions from multiple accounts. Here are just a couple sites we found helpful.
Buxfer is a free online tool that allows you to take control of your finances. Buxfer has the option to link to your bank and credit card accounts to show you updates on your spending. It also provides helpful reports on your spending, forecasts your savings and expenses, and allows you to plan for financial goals. Try a demo out before you sign up for the free service.
Practical Money Skills is a financial literacy site that provides information for everyone. They provide helpful articles, newsletters, videos, free education materials for both adults and children, and budgeting calculators to help you prepare for any stage of life.
With AllSouth’s Online Banking, you can view your complete financial picture. Make transfers, set up alerts, pay bills and more.
- Bill Pay: Save time by paying bills with Online Banking. You can access Bill Pay online or through the Mobile App.
- eStatements and eNotices: Sign up for eStatements and eNotices to receive your documents all online. Plus, you'll also have access to the past 18 months of statements.
Still prefer the traditional way of managing your money with a pen and paper (like a few on our team. Yes, some of us use a spreadsheet to manage our budget.)? Or maybe you just don’t have enough storage on your phone to download a new app (we understand). Whatever your reason, we still have resources for you! From creating a budget to developing a plan to pay off debt, we’ve created a few financial worksheets to help you manage your finances: