So, you’ve just landed your first job, secured financing for your car, moved into a rental of your own, and received your first credit card from your bank. Your challenge is to keep track of your debt, savings and spending so that you can make your salary stretch as far as possible.
Alcatel recommends some Android apps that make financial planning a snap for young professionals who want to make the most of their money.
- Left for Spending
Use this app to track your budget day by day. You simply set how much money you will allow yourself to spend each day, then subtract your real spending to ensure that your budget remains on track.
- 52-Week Money Challenge
Inspired by the popular 52-week money saving challenge, this app helps you to improve financial planning and start saving money. Begin by saving a small sum of money you won’t miss in the first week – say, R5 – then boost the amount you save by R5 each week. You’ll be saving R260 a week by 52nd week, and will have built up a kitty of R6,890 for Christmas shopping, a holiday, or a rainy-day fund. Why not consider putting it into a tax-free savings account, where it can earn interest for you?
- Wallet – Finance Tracker and Budget Planner
Wallet is a personal finance planner that helps you save money, plan your budget and track spending.
- Goodbudget: Budget & Finance
Goodbudget (formerly EEBA, the Easy Envelope Budget Aid) is a money manager and expense tracker that helps you stay on top of your bills and finances. You can share your budget with your housemates or partner to keep everyone on the same page with household finances.
22seven is the money app that can link all your South African bank accounts, credit and store cards, investments, loans and rewards cards in one place. It enables you to easily track and plan your expenses, investing and debt repayments in a single app.