Budgeting and keeping track of the way we spend our money can be difficult. Checking our bank accounts shouldn't be shocking, but sometimes the swipes of our debit or credit cards add up in a way we didn't expect. Using the Mint app, senior caregivers can connect multiple bank accounts and loans to the app to monitor spending and create a personal budget to meet their financial goals in 2014.
Mint asks new users for information on all applicable accounts, including checking and savings accounts, credit cards, loans, etc. It then creates a personal summary of the user's finances, which shows how their debts compared to their actual money in the bank. Users can then set various goals to pay off debts and test various monthly payment amounts to see how long it will take to break even.
Mint also breaks down all charges to debit and credit accounts into various categories, including grocery, travel, fast food, restaurants, etc. to help users recognize exactly how they're spending their money. Caregivers can set goals for how much they'd like to spend on each category in a month, then see how their actual spending compares. This feature can be particularly useful for caregivers who help their senior clients shop for groceries and other items to monitor how much they're spending.
Mint aso offers financial advice on how to make the most out of your investment and savings options to put you in the best financial situation long term and monitors users' credit scores. Overall, the app provides a very useful financial snapshot.
The Mint app is available for free for Apple products.
Senior caregivers, let us know your feedback on this app and keep us posted if you discover additional apps that assist with caregiving duties and help relieve caregiver stress. You may also refer-a-friend to a senior caregiving job and win prizes weekly and monthly on Caregiverlist.