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5 Apps Which Make Millennials Spend Money Wisely!

These finance apps may help the millennials in managing their expenses in a better way.

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Millennials
Apps which can help Millennials save money

Millennials are leading their lives in the “tech age”, where they have their own set of generation problems. Inflation has been a common problem of all the generations, but Millennials altogether have a different approach to life. The young adults of today are much more carefree. Their expenses are not just limited to home, family and food. From going on regular vacations to spending money in hip restaurants, they want it all. Keeping all these factors in mind, it becomes necessary to set meager budgets for all the planned luxuries and at the same time increase your savings as well. This may sound difficult, but the digital era has made it easier. Below are five finance apps which would manage your expenses!

  1. Cash Envelopes! 

Keeping a strong will is tough if you always find money in your wallet. This is a world-wide problem. The solution for it is to decide your budget for various expenses and keep them inside envelopes. An excellent savings app, Mvelopes, has expertly executed this idea with the help of technology. This way, if anyone savings envelope gets vacant, you can either wait for it to refill or take money from other cash envelopes. These envelopes will get connected to maximum four bank accounts.

2. ‘Balance’ Your Way

An app called Balance is at the rescue of millennials. It helps to manage money effectively so that one can save a good amount. It has recommendations on habits of expenditures in the form of ‘recipes’. The app streamlines the documentation processes in investments; thus, making an individual aware of the risks linked to it.

3. Keep a track on money spent

Sometimes, we may just get reckless and spend our cash without keeping in mind the expenses. To control this behavior is of utmost importance. An app called Money View would help you maintain a record of all the payments you made. It also tracks the dates of your bill and never lets you miss a payment deadline.

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4. Sharing budget

Setting a good budget will better your spending habits. And, the Google Budget app helps you to understand better spending habits. It is quite like Mvelopes, except that it also facilitates sharing these budgets with close relatives. This app taps all types of payments, users are making from the connected account.

5. Tracking Your Overall Financial Position

Since Millennials grew up in the generation when technology witnessed a boom, they are expected to handle their bank accounts digitally without much panic or mulling.Mint app keeps track of your expenses, cash and income inflows. This leads to constant reminders in your mind about how much money you should or should not spend. An integrated amount of your savings also helps you in making better and bigger future decisions.

by Megha Acharya of NewsGram.

 

 

 

 

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Jeff Bezos, Bill Gates Running out of Money to Support Services Such as Police, Fire and Parks

The cost of fire services have increased nearly two-fold in 2019

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bezos, money, bill gates
Bezos whose worth nearly $119 billion is running out of money. VOA

The Washington town where billionaire Amazon Founder and CEO Jeff Bezos and Microsoft co-founder and philanthropist Bill Gates live is running out of money, the media has reported.

Bezos and Gates, who are worth nearly $119 billion and $107 billion, respectively, have homes in the small town of Medina, in Washington, which is running out of money to support services such as police, fire and parks.

Global retail behemoth Amazon is headquartered in Seattle while software giant Microsoft is just outside the city. “A town newsletter sent out this month is urging residents to vote yes on a ballot measure that would lift the property tax cap.

Bill Gates, bezos, money
Microsoft founder Bill Gates. Flickr

“You may find it hard to imagine that the City doesn’t have enough income to sustain current service levels, particularly in this economy. While property values continue to rise, the City’s tax revenues don’t rise in tandem, the newsletter read,” the Fox Business reported on Tuesday. The cost of fire services have increased nearly two-fold in 2019.

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“This fall, the question of how to maintain Medina will go to voters. The Medina City Council is placing a levy lid-lift measure on the Nov. 2019 ballot. If approved, the levy lid-lift would provide funds to continue current service levels without significant cuts,” the newsletter stated, according to the Fox Business. The town has a population of just over 3,000 people, and is the seventh-richest zip code in the country. (IANS)