I believe in the saying “A penny saved is a penny earned”. That’s because it has worked well for me in the past. Way back in 2010 I was making a decent amount money, but at the end of every month I’ll end up wondering where it all went. I don’t usually splurge on clothes, electronics and I‘m not someone who buys stuff on an impulse.
Yet, there was a big gaping hole in my bank account by the last week of every month. Frustrated, I decided to keep track of all my spending and see what eats into my earnings. Thankfully, I bought an iPhone 3GS at that time and the awesome Moneybook app helped me track every penny and reign in my spending.
It’s my opinion that a mobile app is the best way to keep track of your expenses rather than a desktop or web app. You always have the mobile phone with you and there is very little chance that you forget to add an expense while on the go. However, using a desktop app can have its own merits besides offering a bigger screen real estate.
Direct connection to banks, better organization, advanced reports are some things worth mentioning. That’s exactly what Koku 2 promises to deliver. Let us see if it outweighs the experience of using of my trusted companion Moneybook!
Everyone wants to be rich. That’s a great goal to have, but it usually takes a multitude of consistent steps over an extended period of time to actually get there. One half of the equation is to earn more than what you are making right now, and fast. From freelancing to running a business fulltime, there are so many options to explore when it comes to creating a new revenue stream.
Another half of the equation is taking control of your fund outflow by managing expenses. It might be a cliche, but a penny saved is indeed equivalent to a penny earned. Either way, you will have to keep track of both the income and expenses diligently. Squirrel helps you track and plan your finances on your Mac, let’s check it out.