Saving for a down payment is hardest part of home buying for the first time. We’ve compiled the top budgeting and money saving apps to serve as a virtual financial advisor, and to turn your dream of buying a home into a reality.
1.) Mint.com (iOS, Android; Free): Easily considered the holy grail of all money saving apps, Mint automatically tracks all of your finances: bank accounts, credit cards, loans, spending, bills, etc. You can budget your monthly spending allotment by category (gas, groceries, personal, etc.) and set up savings goals.
2.) CalcMoolator Pro. (iOS, Android; Free): From home buying goals to retirement savings goals, this app offers more than 180 financial calculators to help you understand your finances and make educated financial decisions. CalcMoolatorPro save you time, headaches and money, by creating savings goals, debt payment goals and advising you on what you can afford. Calculate a mortgage payment, renting vs. buying advantages, estimate your credit score, pay off your credit card debt sooner, determine an auto loan estimate and much more.
3.) Manilla (iOS, Android; Free): Avoid late fees and finances charges by consolidating your bills in one place. Manilla provides an overview of when your bills are due and will alert you via email, text or smartphone notification. (You are unable to pay the bill directly from the app). It also keeps tabs on when frequent flier miles or other rewards will expire, so you can maximize the rewards you have already earned.
4.) PageOnce (iOS, Android; Free): While similar to Manilla, PageOnce lets you pay all your bills directly from the app. PageOnce also tracks your cash, credit cards and investments in one easy to digest snapshot.
5.) Easy Envelope Budget Aid (iOS, Android; Free): The main advantage of Easy Envelope Budget Aid is it can be shared. This app is ideal family members or significant others who share a budget. You can continue to pad your down payment fund thanks to the apps’ spending limit on combined finances and real-time spending updates.
6.) ShopSavvy (iOS, Android; Free): Just because you are saving to buy a home, doesn’t mean you need to entirely curb all your spending. ShopSavvy lets you continue to shop…but at the best price. Aim your phones camera at any item’s barcode, wait for the beep, and ShopSavvy will provide you with a list of online and local prices.
Do you have any tips on the best ways to budget and save? Share with us or tweet us at @HomeFinder1.