Last updated October 23rd, 2019.5 minute read
Times are tough for many people these days. For those of us who are struggling, a few dollars can make a huge difference. To help navigate this fine financial line, we’re going to look at what is quite possibly the best budget app for iPhone: Weekly.
There are many different types of budgeting, and this is another one to add to the mix. As they say, choice is freedom, right? While those budgets can bring about challenges of budgeting, it’s always good to have more options.
The app is new on the market, but it treats budgeting a little bit differently than its predecessors. How is this app different? So many apps focus on monthly budgeting, but Weekly is different. As you probably guessed by now, it focuses on weekly budgeting instead.
This makes it one of the best budget apps for iPhone. After all, weekly budgeting can make a lot of sense for a lot of people. With so many folks teetering on the edge, it may be much easier to focus on a weekly budget.
I’ve mentioned many times on this blog the statistics showing that many people and families have inadequate emergency funds. If you don’t have a lot of wiggle room in your finances, budgeting out an entire month may be difficult – if not impossible.
So, is Weekly the best budget app for iPhone? Let’s take a look.
Getting Started with Weekly Budgeting
When you first launch the Weekly budgeting app, you’ll have to complete the typical steps of creating an account and such. Once that is done, Weekly will take you through a step-by-step wizard to gather some basic info.
One of the first things you’ll be asked to do is add your income. You’ll also add how often you get paid.
In addition, you will have the option to add any additional income (perfect for the side hustlers!).
- Bills & utilities
- Loan payments
- Savings & goals
Once you’ve added all of your expenses, Weekly will give you a summary of all your recurring expenses:
Notice you will also see your “averages.” If these are trending in the wrong direction, they might need your attention.
Linking Your Bank Account
Tracking Your Weekly Spending
Rollovers are another feature of the app. Also fairly self-explanatory here. Will rollovers turned on, any leftover budget money will be rolled over to the next week.
You can also opt to turn rollovers off, meaning your budget each week will always be the same based on your income and expenses.
Below you can see the Safe to Spend in action. You can also see a comparison of the same budget with rollovers on and with rollovers off.
These topics are something of most of probably didn’t learn about in school. And, unfortunately, probably not our parents, either. That is not the fault of any one person but is more of a systemic problem.
Whatever may cause our financial knowledge to be a bit lacking, it’s never to late to learn. And the more information we have available to us, the better.
I would recommend giving these guides a read-through as you never know what information you were previously missing.