The Best Savings Plan Ever and How To Find One

In order to have a proper budget, one must initiate a saving plan into their lives. To utilize one of these saving plans correctly, it is crucial to find the right one to suit your needs. There are multiple sources of these saving plans and our goal today is to bring them all together. We’ll go over what to look for in a plan, the sources of a plan, and how to properly use one. Let’s begin.

What to Look For In a Savings Plan

Many people today are one or two paychecks from financial hardship. We are all pretty much in the same boat and unless we start saving our money this boat is going to eventually sink. Building up a Savings Plan is easy once you have the right plan for your needs. Initially, you should pay down all debts from loans and credit cards while still putting all extra money aside. Once you have a nest egg, you can decide where to put it so that it works for you. One of easiest ways achieve financial freedom at a much earlier stage in life than retirement age is to accumulate as much savings as possible in the earlier stages of life. What this means in reality is living frugally now in order to achieve freedom much quicker than the average lay person who doesn’t have a financial education. One way to make sure you are able to save money at a faster rate than you have previously is to cut your expenses. This is actually very easy to do with food and other essential groceries. But what takes more skill, discipline and determination is to save every extra penny that you have as part of a savings plan.
Start a Savings Plan! Once you begin frugal living, invest your saved cash and let it work for you!

To start exploring what we should look for in a plan, it would be wise to first go over the definition of a “savings plan”. A savings plan is an investment where a person will contribute a certain amount of money on a reoccurring basis to reach a financial goal. This can be done on either a long term or a short term basis; it’s really up to the individual. Usually, in order to open such a plan, it would have to be done with a set amount of money which could be as little as $100.00 depending upon where you find your investment.

There are two major things that you should be looking for. Is the plan flexible and is it simple? Flexibility and simplicity are the two main factors that differentiate between a bad plan and a fantastic one. If the plan is flexible, it will be easy to add your own categories and goals to it. A plan is simple if it can be understood with just a basic rundown of it.

Where to Find a Savings Plan

These savings plans are a great personal finance tool that will help you achieve your financial freedom goals much quicker. It is sometimes best to think of them as a self-imposed tax on your earnings that you will never see until you decide you have enough money in the bank to stop your frugal living lifestyle. Often the best way to attain your targets is to take a set amount each month from your pay check. For some people this will be 10% for others who are willing to make more extreme sacrifices this will be closer to 40%. No matter where you start, the important thing is to do just that, start saving money. No one wants to be living paycheck to paycheck. Ideally, there would be only a steady stream of money coming in but in life, that is not the case. First figure out how to manage your money, pay down debt and put money aside and during that time you will have to investigate your options on savings plans or retirement plans. Whatever you do, whichever way you decide is best to go, don't stop putting a percentage of your income into one of these things, make sure you pay into them every month.
Cutting expenses, looking for sales and living frugally will help you set aside cash to be used in your savings plan. The sooner you start, the more you will thank yourself later!

You can find a savings plan just about anywhere online, all you have to do is one simple search. You can even find a plan right here at BudgetHub. If you explore the site a bit or use the search functionality, you will most definitely come across many articles discussing how to budget your finances. No matter where you ind your plan, make sure that suits your needs and stick with it! You’ll be thanking yourself years down the line that you decided to use a proper savings plan.

A Savings Plan can help you prepare for retirement!

There are several types of plans. There are 52 week plans, which is personally our favorite. Using a simple calculator or formula, you can make a 52 week savings plan online with only a few clicks of your mouse and a few ticks of the keyboard. There are also thrifty ones. If you like being thrifty, there are plenty on the internet for you to utilize. Heck! There are even savings plans for children. Basically, no matter what you are looking for in your plan, you will most likely discover it.


Now this is where it gets tricky. Just kidding! There is nothing tricky about it if you found a one that was simple to use. Usually a plan comes along with a full set of instructions. Read through these to learn how to use one. The worst mistake that you can make is not using the plan for its intended purpose and messing up all your finances. Just like you should use the correct tool for the job, you should always use the right savings plan for the money. Speaking of money: you’ll be saving tons of it!


So in conclusion, you should be looking for a savings plan that is simple and flexible. It should be easy to use and easy to change up. You can find good solutions right here or by simply using Google (or your favorite search engine). Using a plan is also very easy, just follow the instructions. It’s as easy as pie, as easy as baking a cake and you’ll end up saving cash by doing it.

Best Money Management Apps For iOS and Android

When it comes to personal finances, there are two types of tools you should know about: budgeting tools and money management tools. The budgeting tools include things like printable budget planners, budget worksheets and online budget calculators. Money management tools mostly come in the form of money management apps rather than worksheets, because money management encompasses more complex operations – it is about a lot more than just making sure that all your bills are paid each month. Most money management apps include features for investments/portfolio management, savings management as well as the management of monthly expenses and income. If you want to finally be able to take full control of your finances, to pay off bad debt and actually start investing and/or saving, then it’s time you learn more about these tools and start making use of them!

In this day and age, it is easier than ever to get your money to work for you. Work smarter, not harder has become the cry for many people in the digital age. With many choices in apps, the small investor can get expert advice on investments and watch their money grow for a nominal fee. This should be something that we all look into for our futures. With retirement benefits from the governments being what they are, if the average person today does not have a plan or any money saved, it will be very hard for them to live their golden years without fear.
Financial management in the digital age with on the spot information with money management apps.

If you are a total beginner with money management tools and you don’t really know much about personal finances, then you should probably start with a budgeting tool before you move on to a money management app. The great thing about budgeting tools is that many of them are designed for beginners, making it easy to start tracking and planning income and expenses. In addition, budgeting tools come in many varieties, so it’s easy to find the budgeting tool that’s right for you. If you are comfortable working with Windows Excel or similar programs then you should download a detailed budget worksheet. If you aren’t that comfortable with such programs then you could use a printable budget template. Another great thing about budgeting tools is that most of them are available online for free! So, if you really want to improve your financial situation, all you need is some time, a willingness to learn and an Internet connection.

Best Apps To Manage Money

After you’ve created and followed a monthly budget for at least six months in a row, you are ready to move on to money management apps and take the next step in the improvement of personal finances. Money management apps differ from one another in terms of the services they provide as well as in price. Since they are more advanced tools than the budgeting ones, money management tools are rarely available for free, with most apps generally falling in the $15-$50 range. This variety in price is due to the fact that apps can be very different from one another – some of them specialize in retirement savings or investment management, some allow you to connect one or multiple of your accounts to the app while others don’t, etc. Here is an overview of some different money management apps that have helped thousands of users whip their finances into shape.

Financial planning needs to start as soon as possible in order to secure your future. If you have debt, you have got to figure out a way to get it payed down and save some money so that you can start investing properly. With the right tools and applications, you are able to easily invest and watch your savings grow. Plan wisely, become more financial responsible and take it into your own hands. There are so many ways to save money and pay down debt but it all starts with a good plan, a realistic budget and a change in your spending habits. Here you will find all of the tools you need to start.
It all starts with planning properly

Learnvest is an app that allows you to track day-to-day activities with its budgeting features, but also the app forces you to think about the bigger picture – savings and investments. For a monthly fee, you get a personalized financial plan based on your financial goals. In addition, you have the opportunity to chat with financial professionals and consult with them on big decisions involving money, such as buying a house.

Betterment is one of the most acclaimed money management apps that specialize in investments. It’s a user-friendly app that takes into consideration your tolerance to risk and your investment goals. Once you’ve set up your profile and connected the app to your accounts, you should set up automatic monthly withdrawals that you’ll use for investing through the Betterment app. As for investment options, you have the possibility to invest in six stock ETFs or in a predetermined basket of bonds. One of the best features of this app is that it constantly gives you advice on what to do to achieve your goals faster, as well as updates on how close you are to achieving them at the moment. A lot of users find this feature helpful, instructive and motivating.

Lastly, Acorns is one of the most popular money management apps because it is very simple to use and it works on a set-it-and-forget-it system that doesn’t require much involvement at all. All you need to do is link it to your accounts and it will do the rest. The way it works is that the app rounds up your purchases to the nearest dollar and then takes the change and invests it in six different funds. Of course, it also takes your risk tolerance into consideration. With its low fees, Acorns is one of the most cost-effective ways to have diversified investments.

Here are the very best money management apps

These are only a few of the many money management apps available on the market right now. By doing a bit of research and reading reviews, you can find the apps that fit your financial goals best. Then, you’ll be one step closer to bigger savings and investments, lower debt, and well-balanced monthly budgets.

Business Budget Template – Best Free Templates

No Longer do you need to Search at the library for books to copy a Business Budget Template.
One of the most essential basics for businesses is to know how much you and each individual employee within your workplace is spending. For the purpose to obtain a very good understanding and overview we highly recommend the use of our free business budget template which you can print out. The best free template is a template that makes it easy for you to quickly work with and will benefit your business greatly. There can be potentially endless expenses with any business and it is most important to keep track of everything going in and out. Having an outstanding overview with the use of templates is vital and will make it easy for your accountant, if you have one, to look at as well. Needless to say, make using this part of your routine and over time you will find all of the gathered information helpful to make some further decisions when it comes to your own business. In most cases, businesses have a limited budget and you may as well know precisely about your given situation.
Save money by using a Business Budget Template

It may be a mystery, so what exactly is a business budget template? The best budget templates are spreadsheets that are able to be printed and modified by multiple people in different ways. The template can be made and used in excel or other spreadsheet software such as Google Drive. A business budget template can also be a PDF or other file types. I do not recommend using anything other than a Google Drive or Excel spreadsheet, although that is just up to personal opinion. These templates can be utilized on just about any operating system such as Mac, Windows and various Linux distributions. A free excel template can be used for any level of business, whether it’s a moms-and-pops, a medium sized or a larger business.

Let me keep this simple… you NEED a business template, spreadsheet or worksheet. You are missing out on the growth and prosperity of your business if you are not using one. A template will assist you in deciding if you can grow your business. With a properly configured business budget template you can also see if you are able to give yourself or another employee a raise without affecting the business greatly. There could be extra money on the table that doesn’t need to be there but, you would not know it without a good budget template where you can see your facts and figures at a glance. Another benefit is growth. With a template, you can figure out if you’re able to comfortably purchase additional assets. And the greatest reason of all is the survival of your business. It can potentially save you from bankruptcy; don’t let your business fall into the trap of disorder, take the time to track everything with a budget and make sure you add or subtract on a daily or weekly basis.

The best business budget template available right here

Here’s one word that you or your employees never want to hear: bankrupt. By not having a business budget template configured, you are letting your business slowly cease to exist. It will be slipping into the red bit-by-bit and before you know it; you’ll be broke with no more money in your accounts. You can prevent over hiring by seeing if you’re truly able to afford more employees. You can also prevent having too much inventory and having too many assets at once. One of the main causes of failure is rapid growth that isn’t sustainable. So in short, without a business budget template, your business can become unstable and you will not make enough money to sustain it, you or your employees and the structure will fall apart. You should never want to hear the words “you are bankrupt”.

With all of this talk, where can you find a business budget template that is suitable for you and your business? I originally found mine online, it worked great and did almost exactly what I wanted it to do. However, as my businesses grew it became apparent that I needed to hire someone to customize it. So there is another option, you could hire someone to make one for you (An option you won’t regret in the future). You can also find great templates that are inexpensive by following some of the links on this site. If you are comfortable using spreadsheets, you should also considering spending some time and create one for yourself. The good thing about creating one is that, you can customize each field to your specific needs and save it. Once it is saved, if needed remotely you can have it on a cloud server so that everyone who needs access can see exactly how the business is going or add information to it at any given time. There are some great tutorials out there to create one suitable for you.

When it comes to any business budget it always a good idea to start by obtaining an overview on all of your income sources to see how much money on average you bring in on a monthly basis. Look at your fixed and variable expenses as detailed as possible and attempt to predict your future expenses accordingly. Ideally, when it comes to expenses, you would create two lists; one-time expenses and all ongoing recurring expenses that your business has. All of this will ultimately help you to establish a very solid understanding of your financial state with your business which you will take into consideration when laying out your business model and adjust your pricing. These figures then become extremely valuable information when it comes to your future expenses. Your business budget template will help you and in itself, it is a document to estimate your general income and expenses. Your goal is to create a profitable business and a proper business budget plan will ensure that you look at your business from every perspective while focusing on what is most important.
Tax time and you need the best business budget template

This is great, you now have a business budget template and you are ready to implement it into your workflow. There is only one small issue… you have no idea how to even use it correctly. The best ways to learn how to use a template is to read the instructions that came along with the file. If there is not one, you could find a video on YouTube or learn how to do it yourself or you can ask someone you know who is fluent with the program you have chosen. Once you figure out how to use a budget template, the next step is to update it periodically. This means all of your income and debits should be recorded in a timely manner. If you are very busy, you might consider doing this at the close of business every day. If you fall behind your budgets will be off. Remember to follow the template and get the entries into the correct places or your account balances will be off. To truly get ahead in any business, a good owner needs to know exactly what is going on and have a plan for growth or advancement in the market that he/she is in or even a plan for expanding into other markets that are profitable. A good business plan is only as good as the owner’s business budget template.

Once you get your monthly budget template integrated within the structure of your business, there are some best practices you can follow to use it effectively. The number one tip that I have for you is to not forget about it. This means opening it on a set schedule to remind yourself of what your business goals are and how you’re supposed to reach those future goals. Remember to use it to help aid in decision making! Not all decisions can be guess work; it would be wise to consider the numbers within your template. With that being said, you shouldn’t depend on it entirely. Bill Gates didn’t make Microsoft what it is today by following a free excel budget template. My last tip is to have someone manage it for you if it takes up too much time or your business is growing too large. I’ve had friends who’ve hired virtual accountants to help manage their finances who have had great success. You might find it necessary to hire someone locally to keep better track of your information.

In conclusion, a business budget template is something necessary that every successful business should have. You need a template because it will help you grow your business to reachable goals. You will be growing in small steps, then leaps and bounds by following carefully calculated numbers. Not having a budget template is an unnecessary risk to take, especially for something as important as a business. You can get a template online or you could even hire someone to make a customized one for you. It would take another thousand articles to truly list how much of a benefit my templates have been to me.

Creating a Personal Budget Worksheet

There are many reasons to use a personal budget worksheet or a personal budget planner. There are simply no valid excuses as to why any person could not learn how to do this. Personally taking control over your day to day financial well being is in your best interest and one way to do this is to create a personal budget worksheet or a personal budget planner. You will be able to see exactly where all of your money is going either through numbers or graphs or tables. You will be able to tell from your personal budget planner where you could save the most money.
A personal budget worksheet can help you to see where you spend money.

When you decide that it is high time you get some control over your finances, the first thing you should do is to learn more about monthly budget planners. Budget planning tools are easily available on the Internet and they come in various forms: a printable budget planner, an online budget calculator and a personal budget worksheet that works in Excel, Open Office and Google Docs. Many versions of these tools are available for free, but some of the more detailed ones that have graphic and balancing features already built in, usually are not. Still, anyone can afford to take this step toward improving the management of personal finances and all it takes is determination and follow-through. This article will take you through the steps of creating a monthly budget using a personal budget worksheet. While all of the online tools are very useful, budget worksheets are the most versatile ones and the easiest to use.

With a personal budget worksheet you will not only enjoy the benefits of having a monthly budget, but also the extra convenience that comes with Microsoft Excel files. For one thing, all of the addition and subtraction operations needed in the preparation of a budget can be performed easily with Excel features, rather than by hand. In addition, Excel files can be easily stored on the computer or online, making it very easy to analyze old budgets and track your progress over time. Thirdly, Excel features make it easy to customize any budget planner template to suit your personal needs, and then to save this changes for future use as well.

The finest budget worksheet available today


Before you can plan your expenses and savings and create a budget in advance of each month, you need to start with the basics. First, you need to find a personal budget worksheet that already contains most of the items you spend money on. All budget planners contain income, savings and expenses as the main categories in a budget, but the items under each category vary from one worksheet to the next. Not all worksheets include items for pet care, child care, frequent trips, different types of investments and other categories that aren’t standard expenses for everyone. Finding a worksheet that fits your lifestyle will make it easier to fill in and follow the budget, especially if you are not a proficient user of Excel.

Making a personal budget planner can be fun and exciting. You can buy planners directly that are themed and colorful that allow you to work manually to keep track of your finances with the aid of a built in expense calculator. These personal budget planners come in a variety of sizes and some providers even let you customize your yearly planner in a manner that is best for you. Some of these personal budget planners come with stickers to use on the graphs to help show you in forms the percentages of your expenses and income as opposed to just showing you in numbers that you write down. These manual planners can be taken with you on the road, some are small enough to fit in a pocket or purse and others are large enough to fit neatly into a briefcase. You can work on these personal budget planners manually and then take a photo of your calculations to be saved to the Cloud for later reference.
A budget worksheet for personal finances.

Once you’ve chosen your personal budget worksheet, you should start by filling in the amounts for all the categories after the end of each month. After you’ve done this for a couple of months, you will have a good idea of how you tend to spend your money when you don’t have a specific spending and saving strategy in place. You might start to think about how you could make interest payments smaller or about why you haven’t even started an emergency fund? This kind of thinking is natural when you see all your expenses, savings, and investments down on paper, and it is the reason why budget planning tools are so useful in improving the state of our finances. They force us to make conscious, deliberate decisions about spending and saving, and make it obvious when we don’t carry out our own plans. That kind of proactive thinking and accountability can make all the difference when it comes to personal finances.

After you gain an approximation of your spending in each category, it is time to analyze your spending habits and find ways to save on some categories. One way to do this is to look up tips on saving money for each category and then choose to implement those money-saving tips that are suitable to your goals and lifestyle. The personal budget worksheet can help you track changes in these categories over time, and show you whether the money-saving strategies you’re implementing are actually working. By this point, you have become an adept user of a personal budget worksheet and you’re whipping your finances into tip-top shape. You should use the extra savings either to lower your debt or to increase savings and investments. The next steps in your journey to financial literacy and prosperity are firstly, to learn about debt management tools and secondly, to learn about investments. Once you become proficient at monthly budgeting, it will be much easier to tackle these areas of finance as well and all because you started a personal budget worksheet or a personal budget planner. You will find many helpful “save money tips” here at BudgetHub. If you have a great money saving idea that you would like us to write about…please let us know!

Live a Free Life with Proper Personal Financial Management

personal financial managementThe management of personal finances is something each of us does on a regular basis, and yet it is a skill that isn’t taught in schools and we mostly pick up on our own, usually as freshmen newly in charge of all our major expenses. With this in mind, is it surprising that many people are struggling to take control of their personal finances? It seems like we just have to make certain purchases, afford certain things, splurge on this and that, and before we know it we find ourselves in a lot of debt and without any savings at all. If you want to break out of this cycle then the first thing to do is to learn about personal financial management. This article will introduce you to the basics – why it is so important, what the main principles are, and what kind of tools you have at your disposal to help you manage money better.

Personal financial management is all about keeping track of your financial obligations and planning your expenses in advance before they occur. The purpose is for you to not just be in charge, but also be fully aware of how much you are spending and what you are spending on. For example, if you were asked right now how much you spend on food per week, you would probably be able to give a rough estimate. But if you actually carry out the calculation, you will probably be surprised by the result. Most people’s rough estimates underestimate actual expenses, not just on food but on most other things too. And the miscalculations add up, resulting in considerable amounts of credit card debt. This kind of debt could have easily been avoided by better planning and an emergency fund, but once it piles up it is much more difficult to deal with. For one, interest rate payments are a totally unnecessary drain on your income.

Personal Financial Management and Budgeting

personal finance managementWith budgeting, a key tool for personal financial management, you have a much better overview of your financial situation at the beginning and at the end of the month. Most budgeting tools track both budgeted and actual income, expenses, savings and investments. Thus, it quickly becomes apparent whether you are overspending and on what. More than that, budgeting will make you realize that every dollar you spend is significant. Naturally, you will start thinking that if you decreased your spending in certain categories by a just a tiny bit, the savings would be considerable. When you have a bird’s eye of view of the situation, you are much more likely to actually make small cuts wherever possible and get the most bang out of your hard-earned bucks. Just by putting in some effort to make a reasonable budget and stick to it, you will be spending money more efficiently and eliminate a lot of stress from your life – when you’re operating on a budget, you are much less likely to dread paying the bills each month.

The best thing is that when it comes to personal financial management you don’t have to start from scratch. Personal financial management tools are becoming more and more available every year. They come in a variety of forms, including computer software, mobile apps, Excel spreadsheets, printable budget calculators, online calculators, and so on. The basic types of tools are simple to use and allow you to track planned and actual expenses and savings.

More advanced versions offer other features as well – they allow you to connect bank cards to the software in order to have every transaction appear in your budget automatically. Also, a lot of them provide graphs and charts tracking your net worth and budget compliance. Many also provide saving money tips for all kinds of expenses. Prices vary, but the vast majority are certainly affordable, and many such tools are free to download and use.

what is personal financeIn addition to budgeting tools, there are other specialized tools that help with personal financial management in terms of savings and investments. Many of these are intended to simplify the investment process by saving you time and providing you with expert advice for a fraction of the cost. For a monthly subscription fee, they will give you recommendations on how to adjust your holdings in ETFs and other funds and some tools will even perform the transactions for you as well.

Thus, today we have a wide variety of personal financial management tools that do not require you to be a financial expert to use. In fact, they are developed in such a way that everyone can understand and use them. Using these tools consistently will make it much easier to take control of your spending, increase your savings, and optimize on investments. So browse your options, read the reviews, and pick the tools that best fit your lifestyle and your financial goals.

Here is our ultimate guide on personal financial management