Budgeting Better With Your iPhone

You’ve gone mobile and you’re feeling good. But budgeting is one of those eye-rolling things in everyday life that are important but you’d rather not do. It’s right up there with filing your income tax, getting your teeth cleaned professionally, or taking your car in to see what that funny noise is all about. Come to think of it, any of those things seem preferable to trying to put together a realistic personal or household budget, and then sticking with it.

Short of suddenly winning a Powerball jackpot, there are few things available to make the budgeting experience more pleasant. Fortunately, mobile apps can help take out some of the sting and annoyance in keeping track of your budget.

Budgeting Better With Your iPhone

With a good iPhone budget app, you can do your financial business anywhere, including a movie ticket kiosk line!

The article “6 Reasons Why Mobile Devices are Turning into Budgeting Tools” rightly points out that, while budgeting software isn’t a new thing, the way it works with mobile devices is getting better all the time. So here’s four reasons why you should seriously consider relegating the bulk of your budget duties (if not all of them!) to your iPhone.

It Frees You From Your House Or Desk

That’s the advantage of something that’s called “mobile”. It means you can be anywhere, and still be able to perform whatever functions or bookkeeping you need to do. You can do a balance inquiry on your credit card to see if you have enough room to make a purchase, for instance, and spare yourself the embarrassment of a declined card. You can call up your budget information and see if you have sufficient resources left to, say, make that special electronics purchase, or take in a movie. And speaking of balance inquiries …

Mobile Can Gather Together All Of Your Info

As the slogan goes, “What’s in your wallet?” Odds are, if you check it, you will find an ATM card, a few credit cards, at least one of them a major card, and perhaps a few cards from retailers or other specialty stores. It can be a pain to keep track of all those separate cards. Fortunately, there are apps available that can bring all of that information together and let you access it from one location. No more logging in and out of a series of websites in order to get balances and checking available credit. In fact, some apps even let you schedule payments anytime, anywhere.

Apps Can Save You Money

The whole point of a budget is to have enough money for the necessities while still being able to spend some of it on having fun, and if you’re lucky, have some left over to sock away in savings. You can download apps that actually help you save money by letting you comparison shop. For instance, one app called RedLaser uses your iPhone’s camera scan products’ bar codes or QR codes and provides you with a list of places offering that product, and how much they charge. Another app, Gas Buddy, shows you where the best gas prices are.

It Keeps You Organized

The key to a good budget is organization, and mobile apps help you sort out your bills and other financial obligations, so that you can put together a realistic payment schedule. Between paying for rent or mortgage, utilities, and credit card payments, there’s a lot to remember. Missed payments mean negative items on a FICO score, which in turn means higher insurance premiums, or less than stellar interest rates for loans.

Budgets can be tricky things, and having the right tools makes the job easier. The article “Keep Your Budget Resolution With These Apps” gives you a small handful to get started. Once you begin budgeting with your iPhone, you’ll wonder why you didn’t do it sooner.

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Born and raised in the Boston area, I was rocketed to New Hampshire, where under the Granite State's yellow sun and lack of income tax, I have gained the powers of super-sarcasm, brilliant creativity, and slightly disturbing sense of humor.

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