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Warning: my cousin said budgeting apps are a trap, now I'm torn
My cousin told me last week at a cookout in Akron that she quit her $12/month budgeting app cold turkey and just uses a paper envelope for groceries, and she swears she saves more now. But I've been using mine for 8 months and actually caught $200 in dumb subscriptions I forgot about. So which is it, do the apps earn their keep or is cash in an envelope the real win?
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ericb661d ago
Sounds like your cousin is comparing apples to oranges a bit. The app is what caught that $200 in zombie subscriptions, and no envelope of cash is ever going to flag a recurring charge you forgot to cancel. Where apps fall short is the daily swipe, since it's easy to tap past your budget when the money is invisible. So the real answer is probably both: keep the app for hunting down leaks, then use cash for the day to day stuff where you tend to overspend.
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