HOW do New York Times journalists use technology in their jobs and in their personal lives? Tara Siegel Bernard, a personal finance reporter, discussed the tech she's using:
''What are the most important tech tools for tracking budgets?''
This may sound strange coming from a personal finance reporter, but I'm not a big fan of traditional budgets - I don't think they work.
I try to keep my own spending in check by taking the reverse approach. Instead of tracking every dollar, I focus on what we need to save for : retirement, college or some other goal.
After you've automated your savings goals and created a bit of cushion for emergencies, you're free to spend without thinking too hard or feeling too guilty.
It's an imperfect system, but it's better than a failed budget.
That method won't necessarily work in all situations, especially if you need to tackle debt or establish a stricter spending plan in retirement. And everyone can benefit from tracking personal spending, even if you check in only every quarter.
MINT has been around for a while, but it is still a solid way to take stock of where all of your money is going. It also allows you to create a budget, and alerts you when you've spent too much.
I use it infrequently, and there's usually at least one kink I need to work out whenever I log in; most recently, it counted all my retirement accounts twice, which was kind of cruel.
PERSONAL CAPITAL, an investment advisory service, also had a robust free tool that tracks your spending, cash flow and retirement goals all in place with minimal effort.
For people who want a more proactive approach in spending and whittling down debt, there's You Need a Budget.
I've come across many people in my reporting who have attested that it's life-changing.
The honor and serving of the latest global operational research on Saving and Spending and Technology Tools, continues.
The World Students Society thanks The New York Times.
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