Andntrates, exits, unforeseen expenses, increased costs … Checking in a timely and orderly manner is the first step to improve the home management of accounts, and to save, especially when it comes to rising expenses.
In this, the smartphone can be a great, great help. Many companies use paid accounting management programs, structured on more or less complicated platforms, but today they also exist many apps to keep accounts, within the reach of most mobile devices, often free and designed to record and monitor costs in order to know exactly how much and how to spend, optimize flows, understand which are the fundamental items and which, on the other hand, are the areas in which one can intervene to try to save.
Save by paying attention to expenses
Being able to keep track of your expenses and income is essential to save money in a world that is slowly becoming more and more expensive. And in addition to the apps that help to do this, there are also innovative companies that have thought of tools that combine financial management with sustainability. An example is Flowethe first company that allows to obtain a completely wooden paper and who has decided to help the environment by planting a tree for every 100 payments made.
Flowe’s options include the ‘budgeting’, that is, the classification of the items of expenditure and the subdivision into categories in such a way as to create an order between income and expenses that help us understand not how much we have spent, but on what. There are two types of budgeting that can be done: the final balancein which it is essential to trace all the ordinary outputs to catalog them in macro categories e the preventive one, that is, the modulation of expenses with a view to a savings objective. In this way you can learn to spend better and more consciously, dedicating part of the current resources to the future.
Learn to save from an early age
Learning how to manage your savings – as many or as few as they are – is important and taking note of it from an early age can make a difference once you grow up. Revolutthe global finance app with over 20 million customers worldwide, has revamped its service for boys aged 6 to 17 and launched Revolut <18, a youth account, linked to the parent / guardian’s Revolut account, which helps to feel positive e take responsibility for money.
Revolut <18 offers the possibility to unleash your creativity by personalizing your payment card by adding a design, text and even emoji, making it unique and fun. Using end-to-end security and in-app card controls, young Revolut customers can monitor their activities and receive immediate expense alerts to stay within budget and build healthy financial habits, as well as set savings goals. Furthermore, the parent or guardian receives an instant notification every time the <18 card is used.
Parents and guardians can also set a ‘pocket day’, but they can also set it up challenges that kids must complete to receive rewards. And during the afternoons among young people, a new feature allows them to tell their friends ‘Revolut me!’ to send and receive money for free from / to other users.
Useful apps for home-sharing
For many Italian university students, the end of summer coincides with the waltz of apartments and roommates: there are those who have just registered and are looking for a house or those who have simply decided to change accommodation.
Even when you choose to live with friends, surprises are on the agenda: the clerk who would like to split all the bills by the penny, the one who forgets to pay the rent, etc. Fortunately, technology can help out here too numerous apps that can help children manage coexistence wellin order to respect everyone’s needs and share expenses and chores equally.
One of them is Splitwise which allows you to keep track of the expenses and related fees owed by each roommate in an easy and fast way. Just enter the data relating to rent, bills and other expenses to make them available to all roommates, determine the dues owed by each and always have the situation under control. The app works on web, Android And iOS.
Another useful app is OurGroceries which allows you to share the shopping list with roommates, keeping it updated in real time: no more double purchases or, on the contrary, missing things. The app is available for Android And iOS and it also works on wearable devices and with Amazon’s Alexa.
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