2. YNAB: You need A Budget (YNAB) is famous multi platform personal budgeting software that helps you to track and categorize transactions, divide spending brackets into subcategories. With the use of this software, you would be able to view your outgoings on a monthly basis.

YNAB guides you for setting financial goals and helps you to reconcile accounts when your numbers feel off and lets you feel comfortable with the budgeting process in a simple and an understandable approach.

3. Bank’s Online Services: Online services have been evolving as a must have tool for every financial institutions. Banks offer an online service which pops up in your mobile after each transaction or any related financial transfers from your account.

Some banks even facilitate online ill payments and set up alerts to monitor and provide you information about your available balances. These functionalities of online services by the banks will help you to keep track of your spending so that you would restrict yourself in making more unnecessary purchases.

4. Mint.com: Most widely used personal finance tool, Mint.com tracks your budget and manages your money on the go. It is an outstanding service that keeps check on all your incomings and expenditures automatically by syncing with your different banking account.

It allows you to view all your details of the balances conveniently at one place. This tool is very secure as it is a read only service that never allows other people to access your information. It also offers graphical representation of your finance so that you would be able to monitor your spending habits and take an effective decision.

Read More: 10 Investing Commandments To Increase Your Net Worth

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