So you’ve followed us on Facebook, maybe you’ve signed up to save your spot, what’s next- how will FinGoal help you?
FinGoal can help any consumer save money. It can help those at all levels of exposure to traditional budgeting from those who use manual budgets in spreadsheets, to apps like Quickbooks, Mint, or YNAB, to those who have never sat down and thought about a budget before, and those that don’t want to but just want to save a little. Let’s walk through how FinGoal can help you.
Budget Pros: Whether you use traditional budgeting techniques or budget apps, that’s awesome. But what your apps and methods don’t currently provide you is advice on what you can save money on, what areas you can save money. FinGoal can help you cut your spending in certain categories or areas you feel you need improvement.
Example: You want to lower the amount you spend on groceries. FinGoal can help recommend other stores, products or offer tips about how to trim some money.
Have a goal, but no budget: For those who don’t currently have a budget but now have a big goal in mind and need to start saving- big vacation, house, baby, car- whatever it is. Don’t know where to start on budgeting or want to sit down and make one? FinGoal can help you with saving WITHOUT creating an actual budget. We will give you advice on how to trim your spending little by little to help you reach your goals.
Want to start budgeting but don’t know where to start: FinGoal is not your typical budget app. It won’t take you hours sitting down and setting up categories, looking at spending history, etc. But using FinGoal is a great first step when thinking of budgeting. It can help get you in the habit of checking your spending regularly.FinGoal can help you see trends in your spending habits and give you advice on where you can look to save.
Is FinGoal right for you? Share your thoughts below!
FinGoal = Financial·Goal
FinGoal= End·Goal (Fin is French word for end)
The year 2016. We just had our second baby and at the same time bought a house whose mortgage was significantly more than our previous rent was. In keeping up with the kids and expenses of purchasing a house, we realized we had $6,000 in credit card bills. We were stressed out knew we had to pay this off as soon as possible.
We had never really set a budget before. We had decent jobs and low rent and spent within our means. We had no reason to track our spending. Or so we thought.
We sat down and put down all the recurring expenses we had ( mortgage, car payments, insurance, utilities, childcare etc) and then estimated what we spent on everything else (groceries, kid stuff, entertainment, etc). We also signed up for the Mint app to track our expenses against these budgets.
To our surprise we were spending more than we thought in certain areas (groceries for example). It took at least 6 months to a year to really know where we were spending our money throughout the year. We adjusted our budgets for monthly expenses. We started budgeting for things we wanted to save for gradually (home improvement, vacations) And lastly, to budget for unanticipated expenses (car repairs, home repairs)
That is how we got a hold of our spending. But to do all that we learned how to cut corners and save within those categories. And to really think about every purchase made. When you are consistently seeing your transactions and having to assign them to budget categories it puts in another checkpoint of “do I really need this?” or “is there a cheaper way to do this?”
Is there a cheaper way to be doing this?
It’s that second question that we are really prioritizing here at FinGoal. We’re not here to tell you not to spend money. We want to help guide you to smarter spending so you can take advantage of deals, advice, tips that us and others may have that you never thought about. Small savings here and there that can enable you to reach other financial goals you may have ( paying off credit cards, saving for retirement, that big vacation, a house, etc)
While your personalized FinSights will give you specific and actionable advice targeted just to you, this blog will provide more general cost saving practices to better help you spend your money.