Wednesday, May 4, 2011

Budgeting App: SpendingLite

I thought I'd quickly share a very handy budgeting tool I personally use.  The downside is that it is an iTunes app so if you don't have an Apple handheld (such as an iPod Touch or iPhone), you won't be able to access it but I'm sure there must be similar apps for other smart phones.  Anyway, the app is called SpendingLite and it is completely free.  There is a paid version that gives some minor functionality improvements (such as saving data and adding different types of income) but the free version provides the majority of the value of the program.  It is extremely simple to use.  You have a big income button and expense button when you want to record.
You can also select the category of your expenditure and view your expenses in a nice bar graph or pie chart for the day, week, month, year, or any period of time you choose. money you receive or spend.  
Hopefully these screen shots are helpful.  Again, the main reason you would want to budget is just to get an idea about where your money is going and how your expenses look relative to your income.  If you find that you are spending more than you earn every week, there may be some reason to look into it.  I'll talk a little more about some other tools that can help your budgeting next time.

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