5/30/2023 0 Comments Daily expenses appDay-to-day transactions come out of your Safe-to-Spend amount, and you’ll always know how much money you have left to spend for the week. Your Safe-to-Spend amount is the amount of money you can feel good about spending knowing that it’s there and spending it will not wreck your finances or keep you from meeting your financial goals. It does this by giving you one financial number to concentrate on: your Safe-to-Spend amount. The app is available both on Android and iOS platforms.Weekly is designed to change behavior. If you want to stop using the app, you can get the card blocked and the remaining balance will be refunded. It lets the user split bills and avail offers and discounts and is also a good way to teach money management along the way. If the card is lost, it can be immediately suspended or blocked through the app. While the card works like a debit card, it cannot be used to withdraw cash from an ATM. You can also analyse your child’s spends across different categories.Ī maximum of four cards can be synced and managed by a parent. You can add money whenever you want, set budgets for each spend category and also set per-transaction or per-day limits. Transaction details get updated on the app for your perusal. To increase this limit, you will have to complete the KYC process. You can add up to Rs20,000 in a month to it. The card is delivered to your address in about a week, with your child’s name on it. After you download the app, you can order the card by paying Rs200-Rs100 (including taxes) is the annual charge and the remaining balance gets loaded to the card. Anyone can get this card, even if they are not DCB Bank customers. It is an app-connected, reloadable prepaid card powered by Visa and DCB Bank. If you are worried about your children spending without your knowledge, you may find a solution in the Slonkit card. Plus, if an SMS is not received, that transaction will not be accounted for. It cannot be synced with expenses of another person. When you withdraw cash from an ATM and spend it, the app has accounted for this spend from your SMS alerts. You will have to input the cash transactions manually, so be careful to avoid double counting your expenses. The app is available on App Store (for iOS) and Play Store (for Android) for free. The app even sets reminders to pay your bills on time. The app also lets you: instantly split and settle bills with your friends by creating a group, directly send or receive money to and from bank accounts and even locate ATMs that are dispensing cash (a feature introduced after demonetization). You will have to, however, spend some time initially to categorize your regular expenses such as: travel, food, utility bills and shopping. Walnut can automatically read these messages, categorize them and generate expense reports based on how much you have spent. You get instant SMS alerts the moment you swipe your card for a purchase or withdrawing cash. Its downside is that if the family crosses the budgeted limit, there aren’t any alerts or messages. If it works for you, you can buy the full version for Rs370. A lite version, with limited features, is available if you want to try the app first. Though each member of the family will have to enter the data manually, this sync works across iOS, Android or desktop versions of the app. The app also lets you set the family budget, view trend charts and generate reports based on expenses. This way, everyone knows who has spent how much and what the total expenses were. With this, each member of the house can update the income and expense information, in real time, and the whole family can work together on a single budget. HomeBudget offers a ‘family sync’ feature. One of the various methodical approaches to handling household finances is tracking how much each member of the house is spending. There are other budgeting apps in the market, too, like Money View, ET Money, Spendee and Perfios that can help you manage your finances better. Mint takes a look at three apps: HomeBudget (for managing family household expenses), Walnut (to auto-track your spending habits) and Slonkit (to smartly manage your child’s pocket money).
0 Comments
Leave a Reply. |