I am a big fan of mint.com and the mint app for your iphone. It automatically categorizes your transactions, lets you see trends in your spending habits, and makes it easy to budget your money! If you have no idea how much you are spending each month on eating out, groceries, etc it makes it hard to manage your money.
When you first log into Mint you’ll have to start by adding in all of your accounts. I was skeptical at first about giving all of my banking information. All you need to do is click on your financial institution from their list. After you click on your bank, log in like you would on your bank’s website.
After I added all of my bank accounts I categorized the uncategorized transactions. This is an important step so that you can have a more accurate view of what you are spending your money on each month. After doing this I went to the budget section. The budget sliders allow you to check and see how much money you have left to spend in each category. After everything is set up properly you’ll know exactly where you stand financially. Needless to say, Mint is one of my must have apps.