Friday, June 14, 2013

A Helpful App - Pocket Budget App

Some of the self help books that I like to read are books on achieving financial freedom. I like to read and reread books like Richard Clason's " Richest Man in Babylon" and books by Robert Kiyosaki. These are not get rich quick books, but books that teach us how to comtrol expenditure thus obtaining financial freedom. Most of the books teaches that in order to be financial free we need to track our expenses daily. I have been doing that for the past few years. I was shocked when I found out that I was spending unnessarily on things that I could have gotten. You can read one such example here Book Review- Richest Man in Babylon. I normaly use an excel worksheet which I put into my smartphone and keyin my expenditures. But using excel has some limitations. You need to export at the end of each month which can be some work. I came across Pocket Budget from an article in the Star newspaper. Downloaded this app and love it. Pocket Budget is an easy way to manage your finances by tracking of your expenses and incomes. After installing Pocket Budget, you need to put your income either in salary or gift categories. When you have an expense just click on the expense button. Put it in what category. If you want to add some pre set categories, just click add category. Add a description if you want and save. The app automatically calculate your balance. By doing this you know what you have to use until your next salary. This app even generates reports that you can easily view at the end of the month to see where your money went. You can download this app at Google Store just type Pocket Budget.

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