Published on: 6 Jun 2017
The word ‘budget’ can conjure up complicated spreadsheets and fussily keeping a record of every penny you spend. But working out your budget is the only way to get and stay MoneyFit. Forget pen and paper if you’re a digital kind of person. You can start with our online Budget planner where it does the sums for you. You can save it and come back to it later if you’re a registered user.
To compare your income against your expenses? To find out where you’re frittering your money? To know how much you have left over to save? This is where it gets personal. There’s no one-size-fits-all answer. But one thing is for sure, once you’ve sorted out your budget, you’ll have peace of mind. You’ll know the answer to all these questions and be better prepared.
How to budget?
Did we mention spreadsheets? Then there’s online budget calculators – we think ours does a brilliant job – see Budget planner.
The bottom line is that most people need to cut what they spend on non-essential items. So have a clear-out, be ruthless. Don’t keep things for ‘just in case’.
Three of the best free budgeting apps
You only need to search online and you’ll find loads. Here are three of the best free budgeting apps to get your budget under control wherever you are:
- Ontrees.com – owned by MoneySupermarket, this app allows you to connect all your current and savings accounts and credit cards all in one place. It’s ‘read only’ so you can’t use it to move money. It updates your profile overnight to show credit, savings and debt balances, as well as spending in various categories.
- Pariti.com – similar to Ontrees, Pariti offers read-only access to all your accounts on one platform. Automatic updates allow you to see exactly how much money you have whenever you open the app. It automatically forecasts your upcoming income and bills to calculate how much you can afford to spend each week and provides warnings to help you stay on track.
- Mhriley.com/spending tracker – offers a user-friendly way to track every penny you spend. Spending is split into categories with bar charts and graphs, income v expenses, plus weekly, monthly and annual totals.
Where to get free budgeting help
Get your finances in order
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