Mobile apps can be a game-changer by making your business finances streamlined, organized, and even a little fun. Millions Dollar Listing LA stars James Harris and David Parnes share their favorite apps for managing both your personal and business finances.
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As a real estate agent, your finances can be very different from those of your friends and family. Not only are you an adult human being with a financial life and day-to-day responsibilities, but you are also an independent contractor with the health of your business finances to manage.
But being thoughtful and strategic should not be a hindrance. In fact, it doesn’t even have to be that difficult. In our high-tech world, you have access to groundbreaking apps that can make your business finances streamlined, organized, and maybe a little fun. Here are our favorite apps for managing your personal and business finances.
The first step to becoming financially sane is to have an idea of your personal finances. What do you spend money on? Where do you need to redirect your money to achieve your goals, pay off that credit card or save for a big purchase?
Getting organized with a great personal finance app can help you tell your money where to go. Although you may sometimes feel like your expenses are out of your control, they certainly aren’t. In your relationship with money, you are responsible, so it’s time to take back your power, take responsibility and consider your future.
Remember that there is no “right” way to budget; it all depends on how you want to live your life and your personal goals and priorities. Here are some tools that will help you get there.
mint: A free app that’s a great all-rounder for all things personal finance.
Every dollar: An excellent platform for direct and simple budgeting.
good budget: A digital version of the envelope budgeting system.
Personal capital: A winner for wealth and expense tracking.
YNAB (you need a budget): A specialized app to help people get out of debt.
As an independent entrepreneur, you have a great gift for creating your own schedule and taking control over your life. At the same time, you also need to take control of your own finances and be very thoughtful and strategic. So you might need something a little more rugged to protect you from the mess of tax season.
Also, no one creates a 401(k) for you – you have to run it yourself. And doing it now is of the utmost importance in order to create a financially prosperous future and meet your needs, goals and dreams with confidence. Here are some great apps to help you create good financial habits — and results — as a business owner.
Hurdlr: A no-frills app that tracks mileage, expenses, income, and taxes.
Wave Accounting: A user-friendly and accessible platform that keeps everything in one place.
FreshBooks: A platform dedicated to monitoring your income and expenses.
QuickBooks: An affordable app that tracks an agent’s expenses.
Xero: A great app for independent contractor expense tracking and also integrates with thousands of apps so you can keep everything in one place.
So, breathe – you’ve got this! Take the first step and start exploring these platforms. Follow your instincts and invest in the one you like. You’ll be a money guru before you know it.