Prevent Avoidable Debt with These Recommended Apps

By: Timothy McFarlin | Published: March 29th, 2013 | Category: Budget & Debts

There is a lot of talk these days about cost-conscious budgeting to prevent avoidable debt. In fact, we’ve shared many handy tips and tricks on this blog to prevent over-spending and to help you feel more in control of your household’s money management.

Nowadays though, there is an abundance of programs and phone apps to help. In fact, in many ways, these applications will do most of the legwork for you, alerting you to low bank account balances, reminding you to pay bills on time and so forth. Today we’re sharing and recommending some of our favorite apps to help you avoid debt and manage your money successfully.

Moven

This phone app acts like your bank regarding day-to-day transactions and deposits, but it also lets you manage spending trends and painlessly teaches you (through on-the-spot reminders and best practice alerts) to make wise spending decisions. Although most banks offer online banking options, Moven is using technology to personalize the banking experience and enhance mobile capabilities.

iAllowance

If you’re looking for a great tool to help teach your children good spending habits, this is the app for you. With iAllowance, you are the bank, and your children are the customers. They accumulate money when they complete chores or tasks. When they want to withdraw their money, you give it to them and then debit their account in the app.

Mint

This is a very popular app that’s best for budgeting assistance. You can create multiple budgets, for family members or spending categories, and track your spending against them. Another feature allows you to dynamically track your credit card balances compared to available cash on hand to pay them off.

Expensify

Although this app is great if you work for yourself or a small business and would like to track expenses for subsequent reimbursement or tax purposes, it’s also a great way to track and review personal expenses. Just simply take a picture of a receipt and categorize it. Expensify does the rest. Never save another paper receipt ever again!

If you’re already saddled with burdensome debt, while these apps may help prevent you from going into deeper debt, it’s likely time to contact an attorney who can help you understand your options. That’s why we’re here. Please contact McFarlin LLP so we can help you get back on your feet.

Post Tags: , , ,

Share This Page


Ask Our Lawyers a Question







Use of this form for communication with our office does not establish an attorney-client relationship, confidential information should not be sent through this form.