I often have people ask me, “Which tool should I use for my monthly budgeting?” I always answer: “The one that you WILL use on a regular basis!” It’s really a matter of personal preference.
Some people like old fashioned pen (or pencil) and paper. Many of my financial coaching clients use my Prosperity Plan Worksheets. Others prefer to use their bank’s budget tool or an online money tracker such as AskZeta. These online tools are awesome because they automatically update transactions and alerts you when you’re close to the limit on your budget categories.