Last Updated on March 30, 2020 by Mark P.
Millions of Americans woke up to a nightmare when they woke up to a global health pandemic and financial crisis. Overnight, hundreds of thousands of American workers were either furloughed or laid off entirely because of the looming threat of the invisible enemy, COVID-19. What’s worse is that this crisis has exposed that many Americans were simply living off borrowed time financially, meaning that they had little to no savings or investments to prepare for an emergency like the one we are facing.
So what does one do in a time like this? Should we go cash heavy? Should we stop investing into our emergency fund and retirement funds? Should we sell all of our stocks? Tough times require tough moves, and now more than ever you need to save like your very life depends on it, because for many people, it does.
According to an article at the Financial Post, budgeting is more important now than ever. Intimidated by the concept of saving and budgeting? Don’t worry, “If personal finance is something you struggle to wrap your head around,” the author states, “consider enlisting some outside help. Rated an impressive 4.6 out of 5 on the App Store, MoneyWiz has made a name for itself as a viable solution for those looking to get a grip on their own finances.” This way you can get that much-needed peace of mind knowing you know where your money is going in the short term and long term.
“MoneyWiz,” he continues, “allows users to organize all their accounts, bills, and budgets in one easy-to-use platform. With one of the world’s most advanced bank sync capabilities, MoneyWiz enables users to integrate with over 16,000 banks in over 51 counties. The software features over 20 predefined reports you can tailor to track how much users are spending and even forecast future spending.” This is literally an app that is working for you full time and for the future. “In addition, MoneyWiz notifies users when a bill is due so they never miss a payment again.”
With this app, you will have control over your finances during the best of times, and the worst of times, promising you that you don’t need to carry the load of budgeting all by yourself. “Another useful feature is the budgeting tool; MoneyWiz will automatically assign transactions to set designated budgets. That way, you will have an easier time staying on top of your finances and be more likely to reach your goals.”