You don’t need to be a rocket scientist to manage your money like a real pro.
That’s like thinking you need to be a total chef to recreate that awesome recipe you saw on Pinterest.
It’s just not true.
What this means is you can live a debt free life and be less stressed about where your money is going all the time.
That’s why we have budgets, because it tracks all the monthly spending, and lets you see where you can make adjustments.
Now, a budget by itself isn’t ideal if you want to make the most out of every penny you make. And that’s where kick ass financial resources to help you take better care of your wallet come in.
If you want to save more money this year, here are all the ways to manage your money a lot better.
6 Brilliant Tools To Manage Your Money Effectively And Save Your First 1k
Track Your Spending and Earnings For FREE
If you aren’t the type to write out your budget every month (or if you suck with Excel) then Personal Capital might just be it for you.
First we should start with— it’s FREE. At first I thought because of all that its able to track that it must be a paid thing.
But no, you can track your spending and your earnings for free, keep track of your purchases and even your investments all in one dashboard.
This helps a lot with people who have trouble with accountability. Not to mention, it also helps you see your numbers in a different and more organized way.
That way you’re better able to make sound money decisions.
Open A Savings Account That Saves For You
You might have no idea what Chime is but its a great way to save money and track your spending (which is lovely, to say the least).
Chime is a savvy online bank with an app that lays it all out for you. Where do I even start with Chime? I wrote a more in-depth post about them you can check out, but basically, it’s a great account if you’re looking to automate saving money.
For example, you can set up direct deposit and you can automate a percentage that is then put into your savings.
Also, for every purchase you make with their debit card (that they send you in the mail once you sign up) they round it up to the next dollar and deposit that into your savings.
With all the purchases you make with your debit card over a year, you can save a good chunk of cash in the long run.
Other useful Chime features include:
- No ATM fees
- Automated Checks
- Constant Transaction Notifications
- Rewards Program
Open your Chime account and get started saving towards your 1k goal.
How To Increase Your Credit Score The Easy Way
Our credit score is the number we all like to hate on but it doesn’t make it any less important.
It can be the deciding factor in a lot of big financial decisions you’ll have to make if you want to buy a house or own a car.
You can easily find out your score with Credit Sesame. Thankfully, it does more than just tell you a number.
I love that it gives you personalized tips on how to improve your own credit score, since every financial situation is different. And unlike other credit checkers, this one doesn’t affect your credit score every time you check it.
Thankfully, it doesn’t even require a credit card, so it’s overall a great way to improve your credit score and keep track of where you stand financially.
Other cool and FREE features of Credit Sesame include:
- They alert you of any credit changes
- Shows you credit options for future transactions
- Track your loan payments and your interest rates
Open your Credit Sesame account and find out what you need to do to increase your credit score with the button below.
Compare Loans And Pay Off Debt Faster
One way to pay off debt faster is: Get a personal loan with a lower interest rate, use that to pay off your current debt, and then pay off the loan with lower interest rates. This way, you end up paying off debt faster and with lower interest rates overall.
Lending Tree, after finding out if you’re qualified, matches you with multiple lenders to see which one gives you the best offer.
What I Use To Do My Taxes In 30 Minutes
A few years ago, I was too lazy to do my own taxes (I’m sure more than one of you can relate), so, like any other person that wants to get their taxes in on time, I thought I’d pay to get them done.
Long story short, let’s just say thank goodness I had enough sense to feel like the numbers were off (like, really wrong). So I put on my big girl pants, and decided to do them myself, with, you guessed it, Turbo Tax.
I’m not sure that I’ve come across an easier tax return process. I was done in about half an hour and have been using it since (and pretty proud of myself).
When it comes time to handle your money, taxes are a big part of the puzzle. Turbotax is hands down easy to use, and they make sure you understand what you are doing every part of the process.
Which helps with the anxiety of not knowing what you’re checking off and clicking on.
If you want an easy do-it-yourself option to handle your finances better, make sure you check them out and try it for yourself.
Get started with Turbo Tax here and get rid of tax anxiety for good.
The Best Tool If You’re Self-Employed
Quickbooks is a savvy tool for people who want to get a real handle on their finances and the big one— who are self-employed.
It’s a great accounting software that helps you keep all your income and bills in order. Which really comes in handy when you’re running your own online business.
You can send personalized invoices, create reports for tax purposes, and you can even pay business bills.
It’s a great way to take the confusion out of tracking your cash flow and seeing where you are spending too much/how profitable you are as a small business. It’s a great way to manage your money effectively.
Manage Your Money Effectively With Better Tools
The great thing is, it’s never been easier to manage your money effectively with all the tools in existence.
The part where we get stuck on the most is taking initiative and being proactive about handling our finances better.
The secret sauce to being better off financially is to start using your resources more wisely, money included.
A good rule of thumb to remember is, always spend less when you can, find ways to make more, and lastly learn of easy ways to start investing.
If this is way beyond where you are money-wise, and you want to learn about budgeting, make sure you brush up on some budgeting tips every budgeter should know.
Other must-read resources to learn to manage your money better:
Disclaimer: This post in no way constitutes professional financial advice. Always consult a trusted professional first before making any major financial decisions.