Bankruptcy can be an effective method for getting rid of debt. But if you want to recover as quickly as possible and avoid bankruptcy in the future, you must be diligent and budgeting and saving. Thankfully, the tech industry can help with so many budgeting tools and apps on the market.
With so many choices, it can be difficult to figure out what budgeting apps you should download. Here are some of the best personal finance apps to help you after bankruptcy.
This is a market-leading app and is seen as the gold standard. It works by syncing your bank accounts to track your spending. It automatically categorizes transactions to create a clear picture of your spending. You have the ability to track bills, add your own transaction categories and set budget alerts. The app also lets you obtain a free credit report. It is available for free on iOS and Android devices.
If you are looking for something more robust and hands-on, consider YNAB, which stands for You Need a Budget. This is a software that allocates the exact amount of available each month. It costs a small fee each month after a free trial for 34 days. You can use it on your computer browser or iOS, Amazon Alexa or Android devices.
Few things are more unpleasant than paying your bills every month. Thankfully, Prism is a free app that lets you view your bills and account balances at the same time. You can schedule bill payments or perform them directly on the app. The app sends notifications for upcoming due dates and payment confirmations. It is available on iOS, Android, Kindle, Windows Phone and Windows 8.
Sometimes, the only thing you need to know is how much money you have for spending. PocketGuard boils down this number after adding up bills and savings goals. It is free for iOS and Android.