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Creating — and sticking to — a budget that works is a key ingredient for financial empowerment, especially since research shows that many Americans aren’t exactly killing it when it comes to cash savings. The same goes for setting money aside for retirement. It turns out that a good portion of middle-aged and older Americans are woefully behind when it comes to building their nest eggs.
Living within your means comes down to understanding your income and expenses — and making a plan to curb overspending and ultimately save more. This is where budgeting comes in. Whether you’re a recent grad hoping to take control of student debt or a seasoned exec looking to up your 401(k) contributions, a solid budget is a bridge that takes us to the other side of our financial goals, and it only takes a few minutes of attention per day to get on track.
Interestingly, it looks as though we could all learn a thing or two from younger Americans. Nearly a quarter of millennials already have at least $100,000 in savings. That data point just might light a fire under you to take control of your finances once and for all.
Enter Foreceipt. This handy receipt management app was designed to help anyone become more financially responsible, especially beginners who are just learning the ropes. Foreceipt takes the intimidation factor out of the equation so that you can finally feel confident managing your money. And by simply opening up the Foreceipt app daily, you'll be taking a giant step forward for your financial life.
For starters, it makes it easy to keep track of your expenses by allowing you to scan your receipts right from your smartphone. All you need to do is take a picture of your receipt, review the auto-filled result, assign the proper category, and you’re done. From there, the Foreceipt app converts those paper receipts into digital data.
This super simple personal finance app is also ideal for anyone looking to get in on the freelance life or take a side hustle to the next level. It just got a whole lot easier to customize categories to fit your business, find your receipts quickly, and file reimbursements. The kicker is that you’re able to generate expense reports with just one click, which should help take the headache out of tax season.
What’s more, the Foreceipt app allows you to set up recurring expenses or income automatically so that you’re always on top of your financial well-being. Five-year subscriptions also happen to be 87% off for a limited time. Yep, financial empowerment will only set you back $30.
Read more information and tips in our Budgeting section