Regardless of the financial situation, most people are worried about their finances. While the consequences are more severe during an economic downturn, evidence shows that even in times of economic prosperity, most people face serious financial problems. Today, these problems have reached epidemic proportions, with most people suffering from the impact of long-term financial problems.
Bad financial behaviours and lack of knowledge and skills to work with greater financial security are common shortcomings of people. Financial problems often have a significant impact on many areas of people’s lives. Money affects their bank accounts much more. They affect key areas of their lives, happiness and prosperity: relationships, health, longevity, lifestyle and career. The stress of excessive debt or financial insecurity can have a huge impact on a person’s emotional and physical health. Money stress has been shown to play an important role in relationships with family, friends and co-workers. All people have pre-existing habits with money and unique financial goals. You may want to educate yourself a little on financial planning and how it can help, as well as the ways in which we lose money and control of our finances.
Financial Planning can help:
- To plan better financial goals.
- To achieve your goals faster.
- To create a financial life action plan.
- To become financially independent.
- To simplify your life.
- To make better decisions.
There are also many ways to have financial freedom and to take back control of your finances. You may want to read more. Debt to Success System reviews scam of freedom gives you a deeper insight. You can also look at some free apps that can make life a little easier.
Wally app: The best app for recording and understanding your expenses Wally promises to be your wallet and your personal financial manager. It allows you to keep track of your expenses and encourages you to think about why you are buying something and how much it is worth spending money on.
Receipts are scanned through the app and you can even add a comment next to your purchases to explain your expenses. It then gives you a detailed picture of what and how you spend categorizing expenses (food, entertainment, etc.) as well as which days you tend to empty your wallet. Unlike a number of similar applications, Wally does not require you to link your credit or debit card, which gives it an extra level of security.
The application is a donation for both iOS and Android.
Mint app: The best application for the family budget. This particular application linked to your personal bank accounts offers a complete analysis of your “financial health“: how much money you have in total in all your bank accounts, how much balance you have on your credit card and what is left to spend. It basically creates your own budget based on your past expenses and alerts you as you approach to exceed your limit. And this app is free for iOS and Android.