The ending balance method uses your balance at the beginning of the billing cycle minus payments plus charges made during the billing cycle – which is essentially your balance at the end of the billing cycle. The number of days in the billing cycle doesn’t affect the amount of the finance charge. Having a high balance at the end of your billing cycle would increase your finance charges under this method. The previous balance method uses the balance at the beginning of the billing cycle which is also the ending balance of the last billing cycle. No payments or charges are included in the balance. The number of days in the billing cycle doesn’t affect the amount of the finance charge.
This popular app has a lot of fans, and it runs on Linux systems courtesy of Adobe AIR, a platform that allows for You Need a Budget’s slick look with easy-to-read graphic qualities. YNAB is great for anyone who’s really into keeping tabs on their budget, and it’s the budgeting software to check out for anyone who wants to get started with budgeting. It offers some great options for support, and for learning about budgeting and living within your means.
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Motley Fool’s You Have More Than You Think. The creators of one of the most popular financial stock market sites, www.fool.com, brothers Tom and David Gardner also wrote the New York Times Bestseller You Have More Than You Think. The Gardner brothers’ book aims to show how even inexperienced investors can invest the smallest amounts of money and still make a profit. Their far-from-foolish advice includes how to reduce your debt and find money to invest, how to find the best investments, how to manage your 401(k), and more. As with most of their writing, this personal finance book is a fun and easy to read.
Strange Stuff. If investors are behaving rationally, there are certain events that should not happen. But they do. Consider, for example, some evidence that stocks will have greater returns on the last few days and first few days of the month. Or the fact that stocks have been known to show lower returns on Mondays.
Best for Shared Expenses: Spendee. Many other personal finance apps are for individual use. Spendee allows you to create shared wallets with friends and family that you can use to manage shared expenses for a household budget. Import your bank transactions and let the app categorize them for you to tally how you’re spending money each month. You can manually add cash expenses for a more accurate picture of where your money goes. Keep from going over budget by creating budgeted amounts for each spending category and tracking your progress toward the budgeted amount. The bill tracker functionality ensures you remember to pay each of your bills and avoid late payment penalties. If you’re going on a trip or another special event, you can create a category specifically for that event to track your spending and keep yourself on budget.