The world of apps constantly surrounds us and can help us manage different areas of our lives. We can use different apps to watch movies, book tickets to an event, track our health and fitness goals, read a book, or listen to podcasts. 

The same goes for tracking and measuring your financial goals – there’s an app specifically designed to streamline that process for you.  

Budgeting apps

There are apps that link multiple bank accounts and other financial institutions to help you manage and track your everyday spending. They provide a dashboard that outlines your spending categories, which you can use to customise a budget tailored to your priorities. Some examples of the more popular banking and budgeting apps include Pocketbook, MoneyBrilliant, and Frollo. 

There’s also an app called Finspo that allows you to compare fees and charges with different banks, so you can see if there are savings to be had by switching banking providers.

Double down on your savings

One of the biggest expenses for any household is grocery shopping.

There’s a free app called WiseList which allows you to compare the cost of items at major grocery stores. This app provides a side-by-side view of an item at Coles and Woolworths, providing you with the opportunity to save money by shopping around. 

Another major expense is transport. The PetrolSpy app compares petrol prices so you can decide where to stop and fill up and achieve a little bit more of a discount.

Not everyone is keen on apps

There are some people that love what different apps bring to their lives, however, we also recognise that they aren’t for everyone. Whilst apps can help some people track and stick to their financial goals, they can also prove overwhelming to others!

That’s why it’s important to discuss your financial goals with an accredited financial advisor. 

Get clear on your financial goals and the pathway to achieve them, book a discovery session with Venture Wealth Management today.

Source: Financially Speaking Autumn Edition 2022