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Top Financial Apps for Your Life and Business

Top Financial Apps for Your Life and Business

Top Financial Apps for Your Life and Business

hey what’s up everybody Danny Lee you here and today I want to share with you some of the top financial tracking tools that I use in my personal finances as well as my business finances and and hopefully you can get some benefit in this as well now I’ve been I’m one to test lots of different software apps or tools out there it’s just something I find myself doing from time to time and so I’ve tried a bunch of them out there online both free and paid solutions but the ones I want to talk to you today about are the ones that I’ve come to back to time and time again some of them are free some of them are affordable low cost and affordable and I’m going to talk about why I chose these top three financial tools that you can use as well so the first one is mint.com now if you are brand new to online bill payment or are tracking of your finances mint is the go-to solution and it’s because it’s one of the the ones that has been online for the longest period of time so Intuit is the company and it’s very trusted company as far as financial software is concerned they also make quicken QuickBooks and the other app I want to talk about as well which is self-employment the self-employment app 4 into it as well so go ahead and check out mint.com you can connect any of your financial accounts most of your banking is supported so since it’s one of the largest and longest-running financial application management software’s out there you can connect to a bunch of different account savings accounts your checking accounts and the investment accounts and so just head on over to mint.com and you can see you can sign up for free it’ll show you you get nice dashboards for spending categories it even does some basic budgeting as well so you can definitely recommend this to get started and the next one I’m going to talk about is self-employment now I’m going to actually switch this over because this since this is related to intuit this is called QuickBooks self-employed and so if you are if you don’t have an LLC or an incorporated company this is a great tool to use I say it’s great because it helps you streamline your your financial management okay so by the by the end of the year you have your taxes you already know how much you’re going to pay in your taxes you already know how much you’re going to pay even on a quarterly basis you can do quarterly tax payments it allows you to connect to your to your to the IRS to be able to make estimated payments and so you can really make sure that you’re not you’re not in the red and and surprised and caught off guard at the end of the year when you owe taxes for your business now this is this is self-employed so you know again it’s you don’t have a business entity you don’t have an LLC you don’t have a corporation set up but you’re using your own social security number or tax identifiers and you know the reason when you use this is because it helps you split your personal expenses from your business expenses really quickly okay so you can you really check that out by watching the free video of how it works and and and see if it’s right for you now it is a subscription-based software so you have to pay a little bit of things like fifteen to twenty dollars a month somewhere in that range and but you know it helps you automate the process of paying your taxes or calculating your taxes again so you’re not caught off guard come tax time okay so definitely highly recommended you can even track your mileage if you are if you’re driving to events and things like that so it does a lot of really cool stuff now the last one I want to show you here is wine app a wine AB is a great tool to use if you are really budget focused you’re really trying to focus on getting every last you know I guess you call it you’re getting the most out of every last dollar from your paychecks or any income that you generate online and I love using it because it’s number one focus is on budgeting so it’s called YNAB but it stands for you need a budget and so you and you when you try it out you can it’s a it’s all in the cloud it’s a it’s a web-based tool that you can connect to and it has some pretty simple rules here you give every dollar a job so you’re able to as money comes in already a sign where that money is going to you know this is really great if you’re getting if you’re just getting started because it really teaches you discipline on how you stay budgeted and how to stay ahead of the ball when it comes to making sure that you’re saving money and you’re you’re managing your expenses properly okay so it does a really a lot of great stuff you’re gonna have to try it out they do have a free trial and it goes through everything from budgeting your dollar to eight the age of your money and seeing how long your money is building up your savings is building up over time so there’s really great concepts that YNAB will introduce to you in the form of personal finance in the budgeting realm but i use it for my business as well so i have a budget for my business so what i make money on budgeting dollars for advertising or adult budgeting dollars for you know cover designs or graphic design work so it’s definitely worth checking out you can try it for free for 34 days you can check out the link in the description of this video and and also access it as well now if you’re if you’re listening to this in audio format definitely I recommend you subscribing to the YouTube channel for blackball entrepreneur and you can check out this video as well as so high level overview and how to get started with these tools the last I think I want to show you is just actually inside my why not account a little bits here real quick so basically once you create your account are you sign up for an account I believe it’s around $40.00 per year so it’s actually not that expensive compared to some of the other solutions out there you’re just going to go ahead and click create a new budget and then you’ll call your budget I’m just gonna call it ABC company all right and you can set the number of formats I don’t believe they actually yes they do international support as well so you can change the currency if you’re not in USD we’re just gonna leave that I’m just gonna create budget and so it automatically puts a bunch of different categories here for you so if you’re using it for personal finances great you can you can go ahead and and just reuse some of these or delete or update some of them categories but you can also change these categories so that they’re actual line items in your Schedule C so if you’re doing personal if you’re doing it for personal budgeting for your your taxes and your you’re not a business entity yet you’re going to have a form was what they call a Schedule C here in the United States if you’re if your foot if you’re filing for your taxes here and that’ll help you itemize some of the expenses that you have coming in now that’s a little bit more in-depth of a video tutorial on that so I’m not really doing that in here I just want to let you be aware that you can change these categories and make them anything that you want okay to do go ahead and budget for okay so definitely recommend checking it out give your budget your you can this generate some beautiful reports since there’s no data in here you don’t see anything but but I highly recommend checking this out it’ll help you stay you know above the the red so to speak when it comes to spending money that you have and not overspending it’s very important especially if you’re if you’re trying to set some goals here to maybe say for vacation or maybe you’re trying to save to invest in a more expensive project in your business and it’s gonna allow you to do that as you as you get money coming in so I hope you enjoyed that sort of high-level review the three tools that I use again mint.com for personal finances free use and get started with that if you’re self-employed and you don’t have a business sanity yet I highly recommend self-employed version of QuickBooks if you are already an LLC or a corporation then you can use QuickBooks the professional version or there’s some other ones out there like zero not cash there’s a there’s a lot of different ones but I would recommend definitely recommend QuickBooks it’s very easy to get started and and then you need a budget one app to really get control of your budget and master your finances once and for all okay that’s that’s it I’m Danny Lee you and I hope you enjoyed this video I’ll see you in the next one take care

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