Many of those who would benefit from bankruptcy are nervous about the way it’ll affect their credit score. Your credit score will certainly be hurting for a while — but it can be rebuilt.
Whether you are contemplating bankruptcy, in the middle of a repayment plan or just finishing the process, check out these budgeting apps to establish best practices for managing your money.
Mint.com is a free personal finance management site that allows users to create budgets, set financial goals and track expenses, income and investments. The company’s app, called “Mint: Budget, Bills, Finances,” is available for Apple and Android users for free.
Highlights of the app include its easy-to-read layout of expense categories, the ability to track all of your bills in one place and access to your free credit score rating.
You need a budget
This budgeting app is also friendly to all types and models of smart devices and can be very useful in learning how to spend responsibly. The application can connect to a number of banks to keep all of your accounts together. It also walks you through what funds should be set aside for expenses and how much should be saved to reach financial goals. You’ll be able to track your progress as you move closer and closer toward these goals each week.
The QuickBooks accounting app offers accounting services and other expense-manging tools for small business owners. If you’re a novice in the industry, your finances may be struggling. The QuickBooks app offers business insights, sales tracking, expense management tools and an invoice generator to get you back to business.
Daily Budget is a tool similar to the “You need a budget” app. With the Daily Budget app, you’ll be assigned a daily spending amount that helps you stay within your limit while adding to your savings and paying off bills. When you’re questioning whether you ought to splurge, Daily Budget can either give you the okay or remind you the amount left in your budget.
If you’re ready to budget, but not sure it’ll be enough to avoid bankruptcy, ask the advice of a bankruptcy lawyer. An attorney can assess your finances and advise which options may be best for you.