The government and certain experts would have you believe that we are now out of recession and that things are back on track — tell that to your bank balance. Things might look better for certain areas of the economy, but that does not change the fact that buying things is still a hard thing to do; it is for this reason why we need to create a savings plan.
Doing such a thing makes it much easier to get things in life, as well as save up for that first home. There are so many things that are designed to help you achieve your goal, such as calculator and formula apps for the iPhone and iPod Touch. Let us look at two of what we think are the best from iTunes.
The first app is ‘Savings Plan’; there is a free Lite version and a ad free one, which will cost $0.99. With this you just input how much you have to start, the interest rate that you get and how much you will be able to add each month. This app does not mean that you can do away with a financial advisor, but it will certainly help you.
Another app that we felt needed to be mentioned was the College Savings, which is for the iPad. There are a number of kids and parents that have to face facts that getting into college will take a huge effort on both parts. The parents have to try and put money by and the child has to take odd jobs here and there to help add to the fund. This app is good in the way that it offers information of the projected cost of a college fund, and can even inform you if the amount you are saving will fall short.
These are just two apps for creating a savings plan, more of the same can be found on App Shopper.
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