The golden year is also known as the bonus years and these are that comes after your retirement. As soon as people reach the age of 65, some may become confused as to whether to start a business or just rest forever. Well, maybe it is called the golden year for a reason. It could be a golden opportunity for you to start a business.
Considering that your golden years are here, you now need to seize the opportunity and start your own business. You might think that you are too old for it since you are already retiring from your regular job but that is the perfect timing to start another life. Especially if you did not have had an opportunity to do things that you love during your sunshine years. Here are a few reasons why: Life span is longer than ever The retirement age of 65 is not an accurate age to retire as the human life span is now longer than ever. Some people might not die until 100. What are you going to do for the rest of the free time if you don't start a passion project? Starting a business is a source of satisfaction Starting a business of your own during your golden years and especially after your retirement is very crucial as it is the basis in which you can accrue a certain level of satisfaction. It is very crucial therefore to start a business to get satisfied. It is a source of implementing your hobbies and earning from it Did you know that you can convert your hobbies into a business? Yes, that is very possible. For example, you might have been a huge fan of soccer and other games and as soon as you retire and enter your golden years, that will give you an opportunity where you can create things related to your hobby. Business during the golden years is a source of extra income Pensions are now a thing of the past. What is going to happen to your bank account when you retire? You might need to spend those golden years running a business that you started with the aim of earning something extra. Life is expensive during golden years and this calls for the need to have a business that will be a source of income crucial for supplementing your retirement funds. Starting a business is not only limited to young people. No matter what age you are, you could always start a business. What are you starting in your golden year?
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Creativity can bring our business or career to the next level. Creativity is responsible for the latest technologies, innovativeness, and uniqueness.
Creativity sets us apart and makes us stand out in this monotone world, so why is it that on hearing this word –creativity, we start having anxiety? We glorify the idea of being creative in every chore of our lives yet deep down it makes us squirm. We believe, or most of us do at least, that creativity is a talent that has been gifted only to a few, and that is the biggest myth of all time. Creativity is deep-rooted among every one of us, however, it requires an open mind to extract it and explore it. The following are the top five myths about creative people. CREATIVITY IS INNATE People believe creativity is innate and it cannot be developed with time. It is believed that creativity is only gifted to the selected few. It is a myth that creativity cannot be developed. The truth is that every human being has been blessed with this characteristic, some use it and others believe in this myth and restrain it. This can be understood better with an example, if you want to become a fitness trainer, you go to the gym, you do high-intensity workouts, similarly, if you want to become a dancer you take classes. Creativity is just like that. A skill that needs polishing. TIME PRESSURE IS THE KEY FOR BOOSTING CREATIVITY Masses believe that when a person is presented with a strict time limit and has a lot of pressure on the head, he or she eventually comes up with creative ideas. However, studies and research disagree. It has been studied that people presented with tight time limits perform work less creatively. To boost creativity, one needs to be relaxed, calm and believe that he or she has got it all. “I WILL BE CREATIVE WHEN I AM ASKED TO BE” This is one of the major myths. People believe that only top levels of organizations have to be creative because it is in their job description. However, this is completely false. One has to be creative in all areas of life, no matter which position of the hierarchy he or she is on. THE ORIGINALITY MYTH It is believed that creativity is strictly original. However, it is wrong. Creativity can take place even after referring to older ideas, the whole point is to make something better and unique out of something that already exists. Studies have shown that all these new ideas that take place are better and improvised versions of the older ones. CREATIVITY IS AN INSIGHT There is a myth that creativity is an idea that comes suddenly at a moment. An insight. However, this is not the case. Creativity takes place after loads of hard work and research. It is not just an idea that pops up suddenly but thorough research and lots of failed experiments make an idea creative. These are 5 myths about creative people. Of course, one can always improve on creativity. Focus on that calm mind, meditate, read more, and explore more. Exposure to different things in life can boost creativity in a person. REFERENCES AND CITATIONS https://www.forbes.com/sites/joshlinkner/2015/10/19/the-5-myths-of-creativity/#15ce5b9711d9 https://www.edutopia.org/article/4-myths-about-creativity https://www.entrepreneur.com/article/229600 https://davidburkus.com/books/the-myths-of-creativity/ If you have ever shopped for a coworking space, you would notice that it is not a perfect competition type of market, and not all coworking spaces are made equal. In San Francisco alone, there is a wide range of what coworking spaces offer. The environment, vibe, and price are all very different. The owners of a coworking space could range from just a yogi to a small business owner to a corporation.
Coworking Spaces vs Large Corporate Spaces Coworking originated in San Francisco by Brad Neuberg with the idea of combining the freelancing with a structure of a community of office space for freelancers to feel as if they belong somewhere. A coworking space is an environment that allows a different set of people to work on their desired project at an independent level. Since then coworking spaces have sprouted everywhere, not only in the Bay Area but also internationally. Smaller and independent business owners were first onto the idea of gathering other freelancers. And if you think about it, freelancers have a lot in common with small business owners. First of all, they all work independently and they don't belong to a large company who gives them directions on their work. Once this movement gained tractions, larger corporations joined in. Corporate coworking spaces started sprouting everywhere. Large corporate spaces are normally larger and specially designed to accommodate larger companies. In truth, a large corporate space is the enterprise version of the smaller coworking space environment. They both usually offer private offices for companies and the main area for independent workers. Which Choice Is Best For You? There are numerous points essential for consideration when picking out your preferred coworking space. But you should pick one that fits your vibe, energy, and budget. As relative as choices can be, here are some of the important points to consider while choosing between coworking spaces.
Picking a smaller coworking space could provide an environment with fewer people and less noise.
If you are in any type of environment that requires you to put in the work, you might need to consider going for the smaller coworking space for this advantage.
In a smaller space, it is easier to manage this with the fewer set of people in the same coworking space. People who opt to use smaller coworking spaces are also normally a set of more down to earth people. Conclusion It is very important to pick the coworking space that will facilitate your productivity and provide you with a comfortable environment to work in. If budget isn't a constraint, of course, you should sign an office lease to work in your workspace. However, you could always do cooler things with your money than renting an office space. Come check out why Treehouse Society could be a great choice for your team's productivity, budget, and space needs. References https://en.m.wikipedia.org/wiki/Coworking https://www.coworkingresources.org/blog/difference-between-coworking-spaces-and-executive-offices Introduction:
The ideal dream team is the one that works together and promotes positivity to create a learning and growing environment that can help in flourishing the company and its profitability. While the research always for such employees who can work in a team and lead it to prosperity however sometimes you might even encounter a toxic employee who basically drains the employee happiness and productivity and hinders the profitability of the company as well. No HR manager ever wants to hire a toxic employee as it is said: “One bad berry can spoil the whole basket.” Effects Of Toxic Employees On The Organization: A toxic employee can damage the company daily as well as in the long term. The research has shown that 56% of employees tend to leave a job because of a toxic co-worker. The toxic employee can blame the other workers for the failures of his own, bullies other workers around, or creates drama where other teammates feel annoyed and humiliated. These things make the working conditions hard for the other employees and they tend to leave the job to find a much peaceful one. Identifying Toxic Employees: So now, the question arises: How can one identify a toxic employee? Mostly in organizations, the toxic employees are pretty much visible if there is any. However, some of them are too clever and know how to keep themselves low key or their manipulative nature leads people to believe that it was others' fault. The basic traits of toxic employees are that they are defensive and aggressive with other workers, they do not take responsibility for their faults, and they tend to resist growth or change. You can even find them bullying and gossiping about others. No matter what they do in the organization, the result is that they damage the efficiency and morale of others on the team as well. Dealing With Toxic People: It is easier said than done that toxic employees should be weeded out during the hiring process especially when the core team is being built. However, some toxic people make the hire because of their resumes. They sell themselves well on a piece of paper and they are even better during the interview process as sometimes the toxic people are charismatic. However, their toxic personality often shows up after they are given responsibilities, left with coworkers or given challenges. Although, still the best way to counter such toxic employees during the hiring process so it needs to be aligned accordingly. The interviewers should be sharp enough to ask questions which can show how civil the candidate is and what can be achieved by asking them how they will resolve conflict instead of asking them how they will handle the difference in opinion with other teammates. Make sure that during the interview you have investigated the candidate about their previous experiences at other companies and how they handled different conditions and personalities there. It doesn't matter what kind of organization you are running, from nonprofit to startups. It is quite important for you to not allow toxic teammates to enter from the start as it can create a blockage in your growth and productivity. The best way to tackle it is during the hiring process to prevent negativity. If it still surfaces, then take action upon it as soon as you get to know. Once the employee is in your organization, you need to provide honest feedback. Maybe the toxic employee doesn't even know that he is being toxic. However, if the behavior continues, you should figure out a strategy to rid him/her ASAP. References and Citations https://hbr.org/2016/10/how-to-manage-a-toxic-employee https://resources.workable.com/tutorial/toxic-employees https://www.tlnt.com/a-data-driven-guide-to-dealing-with-toxic-employees/ https://www.entrepreneur.com/article/251614 https://www.thebalancecareers.com/how-to-handle-the-brilliant-but-toxic-employee-3575677 https://hrdailyadvisor.blr.com/2019/04/29/how-smart-managers-deal-with-toxic-employees/ Different types of unique relationships exist between people, family, romantic, business, etc. Some people might not realize, but relationships take a lot of active work, especially the relationship of cofounders. It is a lot more than even a significant other, as cofounders not only need to share the same idea and dream but also need to manage finance and build a team together.
Smart cofounders are sensible enough to give their best and look great when the occasion arises. It is very unwise to reveal the cracks that may exist in their relationship during a pitch. Cofounders make point of fixing their strain to get the best productivity out of themselves. Numerous reasons could cause sour development in the relationships that exist between cofounders. This could be one of the determining factors that determine if they are staying together or going their separate ways. Below are some of the ways cofounders' relationships go sour and how to fix these issues:
Here, there has to be some level of compensation and a genuine understanding of your partner’s perspective. It could be the energy level or other commitment issues. It could be health issues or another side project. These differences have to be worked on to continue that positive desired relationship.
However, if you are already into the project for a long time and there still exist some level of differences, you should consider redefining and communicating your mind. Having a detailed cofounder agreement is also useful to help keep everyone in line. The honesty and openness that exists between cofounders help in bringing out the best versions.
Interestingly, it is not always hinged on history. It depends on how well you think you know your cofounder and your dynamic as well. Irrespective of the time spent previously, there seems to be a correlation between a deeper friendship with your cofounder and the longevity of the relationship. Earmark out time to further bond with your cofounder to develop a deeper bond.
Interestingly, your business going well and the positive profit being made does not necessarily reflect that your relationship is working. Investors always have an eye in spotting any form of strain that might exist between cofounders. This may affect the business in the long run. Wrapping It Up Understanding your cofounder’s perspective and effective communication is very vital in preserving cofounder’s relationship. For a longer and more productive business, cofounders have to make it work through various practices in their cofounder relationship. References https://medium.com/lessons-from-startup-ceos/https-medium-com-timjax-co-founder-relationships-what-makes-them-last-longer-and-how-to-fix-them-b9186f61c775 https://www.forbes.com/sites/theyec/2014/05/07/10-tips-for-healthy-co-founder-relationships/#27775c92d357 It does not matter if you love it or hate it, the fact remains that, the sharing economy is here to stay.
The 21st century is all about finding creative ways to satisfy the needs of its targeted consumers with all of the resources that are made available. Smart entrepreneurs know that these resources already exist and all they need to do is to connect the owner to the users from cars to houses to a desk at a coworking space. There are sharing economy platforms ready to connect the resources to the users. The owner of the resources might provide better items to share than a boring corporation who just treat you like another customer. In the sharing economy where items are rented from a peer to peer, not only does everything work more efficiently, but customer service is also better as you are treated as a peer. In other news, the sharing economy is basically about effectively utilizing and sharing available resources instead of creating or obtaining newer resources. All of these are achieved as it makes use of idle assets. Nevertheless, technology has made known the benefits of the sharing economy and now it is practically disrupting how we do business. Changes Brought By Sharing Economy The sharing economy is revolutionizing our business landscape in so many ways than one and even in ways that professionals do not foresee. Some of the changes this sharing economy has brought to our business world include:
All of this gave businesses so much control but decreased efficiency in the long run. Over time, the process of production has grown much more complex and the businesses that had the sole goal of doing everything alone are faced with a crushing cost in money, labor, skill, and of course, time. Here, the production process will entail a set of unique tasks that will be outsourced to people who are skilled enough to carry out the job. Such a method will assist in reducing costs for the original owner of the business.
For now, these costs are related to maintenance. Owners of idle resources have to invest in the resource's maintenance else the earning power will be crucially reduced. With the sharing economy, assets that sit idly by are equated to a loss of money. For every second that your assets are not being rented out to someone, potential earning is missed.
The issue of getting funds has been a huge challenge that hustlers, small business owners, and entrepreneurs once faced but with the exciting promises that sharing economy currently holds, anybody can begin a business and start making money. Wrapping It Up The world is becoming much more accessible, all thanks to sharing economy and technology. Many professionals have argued that sharing economy is an economy that is consumptive and not productive while some others claim that its use cases are quite limited. However, it is a sign that the sharing economy is a success when corporations start copying the sharing economy's business model. For example, Enterprise Rent-A-Car is now offering rideshare services and there are corporate coworking spaces. Nonetheless, all these do not stop the fact that the sharing economy is disrupting so many businesses and existing industries in an exciting way. The term “couples therapy” is very common and known to all. A counselor helps a couple, a husband and wife most of the time. When two individuals get married and living happily start having disagreements in their relationship. The small arguments start to pile up and become a complex problem that causes the relationship to fall apart, couples start wondering if they should live with their partner any longer or not.
You might be wondering, what has that got to do with the business world? A single entrepreneur who works alone might not be familiar but two or more cofounders might be able to find the similarities and know that most of the business relationships are the same as couples are bound by marriage. Just like marriage, cofounders are the people who invest their time and skills in starting a business, they help by giving their expertise and financial resources to build the foundations of a company. The more the people working in a business and playing their part, the more successful the business is. When different people are working together, chances are that there will come a point when there will be conflicts and disagreements among the members for various reasons. This can be lethal for a company and can be the cause for the business to fail. According to the study, the conflicts among the cofounders are 65% of the times the reason for new businesses to fail. It is better to find a middle path and bring conflicts to a stop to save the company. The profession of cofounder’s therapy is in demand nowadays. Cofounder’s Therapy: Many licensed therapists focus especially on resolving the conflicts among the cofounders of different business partners and mediate between them so that the business goes on without an unhealthy environment. Running a business in itself is already a hectic job and maintaining a relationship is also a difficult task. When these two are combined then the problems increase. Cofounders are different people and have different personalities, their levels of motivations are different and their visions for the company might vary as well. These differences between two people however small they are can cause problems for the business. It is natural that when there is pressure at work, the relationships go south and you might not be able to ignore small conflicts. When the conflicts become too problematic then it can affect the business, decreasing the progress. The cofounders now can approach the therapists to resolve the problems and can clarify their intentions. The problems mostly faced by these cofounders are a lack of communication and listening skills. The therapists help the cofounders and mediate between them so that they can be on the same page and build a successful business. Precautionary Measures: It is better to stop a disaster from happening than waiting for it to happen and then trying to fix it. Many lawyers do exactly that; they help the cofounders to avoid the therapy by making sure that the conflicts do not happen from the start. What most of the entrepreneurs do is that they do not set the ground rules and rush into starting a business because they are very passionate. There is a class of lawyers is becoming very popular among entrepreneurs who want to start a business. The layers do their job by setting up the ground rules and regulations between the partners, the conditions are written down as an agreement that the parties sign before the startup of the business. There are various reasons because of which the conflicts among the business partners can arise. The most common conflict that arises is the company spending but there are other problems too; for example, marketing tactics, managing the investors and hiring practices. These are some of the common disagreements that can be the end of a business. Avoiding Conflicts: The counseling can resolve many problems but these problems can be readily avoided by the cofounders so that they do not feel the need for therapy, can be done by learning how to avoid the conflicts from the start. As said earlier, the conflicts are unavoidable when there is an environment of the high level of stress but the cofounders learn a few skills then they can get cope with the issues before they get out of hand and fix the conflicts before they start mounting up. What is the best way to avoid conflicts – you might be wondering? Communication! Communication among the partners and listening to each other can curb the conflicts. When you listen to other partners, you are practically telling them that you trust them and depend on them. It is better to listen to other partners and not interrupt them. Leave out your thoughts for a while and listen to your partner's first, try to empathize with them and put yourself in their shoes. The results will be astonishing as you will be able to avoid the conflicts by listening to each other properly. Avoiding accusatory dialogue and seeking to truly understand your business partner’s perspective can make all the difference in finding a satisfactory resolution. Another technique for reducing harmful conflicts is to focus on the big picture. What are the reasons you and your business partner decided to found your startup in the first place? Keeping the end goal in mind makes it easier to focus on why you decided to work with your cofounder. This can also make it easier to realize which sources of tension merit additional discussion and which issues aren’t worth arguing over. Some cofounders prefer to seek counseling even before the conflicts arise. If you take one step at a time and calmly approach the problems then the entrepreneurs can avoid conflicts; avoid turning against one another and have a healthy relationship. Just like marriage. In Summary: While it is not possible to fix every relationship, there are times when the couples who go under couples therapy start their relationship anew which lasts for the rest of their lives. This is possible by bringing change within yourself; start from yourself and let go of bad habits and ulterior motives, communicating more clearly can solve everything. The business partnerships are like marriage, you need to be calm and collected in your approach, understand your partners and listen to them. Running a business in today’s world is risky and one must always be ready for some kickback. Especially with the volatility of the market every day. With the volatility comes rumors, and the latest rumor is that the recession is coming. The best time to prepare for a recession is when the business is still running. You will have the chance to make your choices playing offense instead of reacting to circumstances playing defense to make sure that your business survives.
Because the recessions are unpredictable and can occur anytime without any prior notice, you will be learning the tips & tricks to get your business ready for recession. Currently, the yield curve is looking bearish, as in a bear market is coming. But judging from the current world situation, anything could happen. Cash Reserve: One of the very first signs of a recession is that invoice payments of the companies become slower and start demanding earlier payment from their clients. The flow of cash is disturbed and without that, the survival of the company during a recession is not possible. The idea of cash flow and cash reserves are two different things so make sure not to confuse those two. Of course, a business can be profitable even when the cash flow is not good and you do not have any cash reserves, but you do not want to do that when the economy is not going great. If you want your business to build a cash reserve, then the idea is simple but acting upon it is not that easy. Make sure to store enough money in your bank account for the times of recession. The longer period your cash reserve covers, the better. It depends upon your business how much you can cut and put aside. Coworking can definitely help you save money so you can put more aside. One disadvantage of putting money in a bank account is that the money just sits there without giving you any profit since you are not reinvesting that money. The money sitting there without being invested can hinder the growth of the company. Payment and Invoice Management: As mentioned earlier, during the recession your clients will take longer to pay and some may never pay because they went bankrupt. The times of recession are really hard and can impact your business even if you are stable. The best you can do is manage your invoice and collection more carefully. Most of the clients may want an extension of terms, make sure that you check the credits of the client before you offer them a term. If they have been paying their other vendors on time then they might be worth giving an extension. In the end, if you do not have any means to know the track the invoices then implement a system to do so so that you can collect the overdue invoices. Another reason for having a good invoice and tracking system is that you will get to know when the clients will change their methods of payments. The change in habits of payments can be used as a measurement for the indication of recession. If the clients have not been paying immediately then it means they are getting ready for downtimes. New Costs: The mistake most of the business owners make is that they do not give any attention to the new costs, probably because the business is good and the cash is flowing smoothly. When not given any attention, new costs can pile up and cause a problem. The worst-case scenario is that this pile of costs can pose a threat during a recession and maybe too late to go back. This is the reason you must not spend the money on something unnecessary. You can spend the money on things that can improve the business but be fair with the cash. Financial Statements: Keep track of the financial statements of a company is crucial and it is a good practice to be followed by good company owners, does not matter if the times are good or bad. Keep the reports and accounts updated while reviewing them regularly so that there is not anything missing from the picture.
If you want to prepare your business for a recession that you will have to expand your client base. A wise man once said not to put all your eggs in one basket. Most of the businessmen make the mistake of keeping only a few clients and only concentrating on them. This can cause problems for you in the future if you do not diversify your client base because with the few clients that you have if they start to leave then you can go out of business. This happens very often when the recession hits. To make sure that you survive, diversify your client base to fix the situation. If the cash reserve is more important, diversifying the client base can become the second priority. During peaceful times, if you diversify your client base then you can have the chance to try different techniques and strategies to get a better hold of the business. Diversifying your client base can make the recession times easier for you and increase the survival chances of your business. Similar to the diversification of the clients, diversify the means through which you acquire your clientage. Do not depend on a single channel through which you get your channels, it can pose a threat to your business if that single mean of getting clients ceases to exist. Diversification of your channel for getting clients shall be on your list of priorities. If you prepare when the times are good then you will not have to worry much when the recession hits. Come to Treehouse Society to cowork and ensure to meet others so you can diversify your client base and get creative on how to tackle your upcoming project! Retailers are always looking for new and innovative ways to progress the buyer’s experience to boost sales. Exploring the evolvements in retail technology helps in advancing the customer’s knowledge, which ultimately increases sales. This has helped in shaping the retail industry quite a lot.
Back in the 1800s, several department stores were launched, which marked the emergence of the modern retail industry. From the small-town shops of expert -only stores, the department store provided an array of options for the customers giving a much extensive choice. With time, the department stores became popular as it marshaled in the progression of retail technologies. Moreover, cash registers also appeared for the first time during that time, though they weren’t that popular it did stop the extra effort employees had to put. Furthermore, purchasing items ‘on-credit’ is also part of the retail industry; however, the credit cards didn’t appear until the 1940s. By this time, the majority of the banks started launching plastic credit cards. This helped in the evolution of retail stores quite a lot. Here is an elaborative overview of the distinctive eras of retail. You’ll find out how it has evolved so rapidly over the past few decades. From the 1900s to 1940s: In the early 20th century, customers usually visited the local corner stores since there were no department stores at that time. The local stores were mainly family-owned small stores that were particularly located in a single physical position. Later, the revolution in technology occurred when the self-service model was introduced where the customers could touch and examine the items themselves without requiring any help from the associates at the store. This significant change eventually involved the customers more occupied in the process. In the early 1900s, the UK has the most ground-breaking department stores which had elevators and public washrooms there too. This attracted the customers even more and enabled the buyers to spend more time shopping. From the 1940s to 1970s: During this time the majority of the people owned cars and began moving to the outskirts of towns. This is one reason why enclosed shopping places began to appear. The first entirely-enclosed, climate-regulated mall was introduced in the United States back in 1956. The advancement in technology was seen in such malls since they had air-conditioners, escalators, and automatic doors which attracted the customers to a great extent. From the 1970s to 1990s: The primary category killers that are still seen today started to squash out several less critical businesses during the 1980s. This is one apparent reason why retailers began filing for bankruptcy. This happened because they were quite slow to amend the buyers’ progressing needs. From the 1990s to today: This was the time when the retail industry revolutionized entirely due to the establishment of e-commerce. This also removed the international borders that ultimately broached the bar of the purchasers' experience. The latest technology allowed ‘regular’ individuals to sell their products online on websites like Etsy, Amazon, and eBay. In fact, by 1999, even a small retail shop should already be on Amazon. By 2019, if the store doesn't have an independent e-commerce website searchable on the internet, its end was going to be near. Then came Alibaba, where Chinese manufacturers can distribute their goods all over the world. With the use of social media, the retail industry ads are more aggressive and targeted than ever. The use of artificial intelligence is also used in retail apps such as AliExpress for users to scan merchandise they like, which alert manufacturers and help them find the items that match the users' taste. With the evolution of technology, players in the retail industry need to evolve with it. Similar to every industry, the ones unable to adapt will not be able to survive and thrive. Stay up to date with the latest trends by coworking with us! Sign up for a trial week now! San Francisco can get expensive and with daily spending getting so high, it might be important to keep track of your spending habits. Keeping track of your budget can help you maintain your finances easily. With the help of technology, it has become easier to access personal spending and budget tracking through mobile phone devices too. In the past, Microsoft Money and Quicken were the two programs that were used by people. However, with advancement, more efficient and refined applications have become accessible to all of us. If you want to figure out the best app to track personal spending, here are a few options to pick from:
Dollarbird One application to track personal spending is Dollarbird that will let you add past as well as present expenses to the built-in calendar. It will then calculate the influence of your spending on the total balance that you have. Moreover, it will also categorize the spending based on different things you spend on. The perks of using this application include:
For people who struggle with calculations, Level Money can be really useful. As you enter your total income, it will subtract the number of your expenses and savings to give you the leftover amount for personal spending. You will know how much you have in your account for purchasing stuff each day or month based on the calculation.
Another wonderful application to track personal spending is Mint. This app lets you create your budget based on different categories for each month. You will have graphs that will tell you about how much you are spending. Moreover, it sends warnings as you reach your limit along with helping you keep your credit score on track.
Technology has made it quite easy to reach your credit score goals. If your focus with personal spending is to enhance credit score, Wallaby is a great choice. It makes a list of transactions to identify which card you should pick to make your purchase at certain merchant sites.
Penny is more interesting as it keeps track of your spending habits like a friend. It sends you texts as well as notifications that comment on your spending habits. If you are looking for a light and interesting app to keep things under control, you can give Penny a try.
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