{"id":7528,"date":"2022-05-26T19:42:59","date_gmt":"2022-05-26T14:12:59","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=7528"},"modified":"2022-06-11T19:39:35","modified_gmt":"2022-06-11T14:09:35","slug":"wallet-by-budget-bakers-review","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/wallet-by-budget-bakers-review\/","title":{"rendered":"Wallet by Budget Bakers: Review & Analysis","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
Do you regret spending too much money and later blame yourself for it?<\/span><\/p>\n
Don\u2019t worry.<\/span><\/p>\n
We are in a time when technology is growing every single day and there is a solution for this problem as well.\u00a0<\/span><\/p>\n
What would you do if I tell you that you can actually put a stop to these miscellaneous expenses<\/a> and keep track on all of your transactions?<\/span><\/p>\n Sounds useful right.<\/span><\/p>\n This is what the Wallet app by Budget Bakers does.<\/span><\/p>\n Stick around to know the A to Z of the app and whether it is a good fit for you or not.<\/span><\/p>\n Wallet by Budget Bakers is a budgeting software available on the android, iOS, and Windows platforms. You can simply download the mobile app or the web app to enjoy its services.<\/span><\/p>\n It has a ton of features that you can use to manage your finances and get a grip on your expenses. You can easily make records of your expenses categorically in the app. It also lets you set your goals and the limits to your expenses.<\/span><\/p>\n Wallet performs the best on its mobile app. Here are the exclusive features that you will come across after signing up for it.<\/span><\/p>\n <\/p>\n The dashboard of the app literally gives you access to all the major features you will be using frequently. On the top, you can see the list of accounts and their balances.\u00a0<\/span><\/p>\n Just below is the expense structure, giving you a summary of your spending habits. You can even analyze the recent transactions in the dashboard of the app itself.\u00a0<\/span><\/p>\n To make a manual entry, simply click on the \u201c+\u201d tab and enter all the details. They will immediately reflect in your account.\u00a0<\/span><\/p>\n In the top right corner, you can press the bell icon to see all the notifications received on the app.<\/span><\/p>\n <\/p>\n As you slide left on the dashboard, you can access the Budgets and Goals section. Simply add them as per your needs and let them guide you throughout.\u00a0<\/span><\/p>\n From adding a goal for buying a new phone to limiting your budget to increase your bank balance, this section can act as a gem for you.<\/span><\/p>\n The statistics section of the app can really decode a lot of your spending behaviors. Divided into specific categories, you can easily have a look at the overall activities you did with your money.\u00a0<\/span><\/p>\n The \u201cBalance\u201d tab shows you the balance of all of your accounts. It also shows you the graph of your account\u2019s balance movement.<\/span><\/p>\n The \u201cOverlook\u201d feature is to predict whether your finances are going smooth or not. It even shows the upcoming bills and a forecast of your balance accordingly.<\/span><\/p>\n As the name suggests, the \u201cCashFlow<\/a>\u201d section helps you determine the past activities of cash, i.e it clearly shows the inflow and the outflow of your cash within a specified time period.<\/span><\/p>\n If you can’t save any bits of your income because of your expenses, then this section can be your best friend. The \u201cspending\u201d tab gives a brief outline of your spending and presents a pie chart with your expenses. You can easily find out where did you spend the most money and where do you need to draw a line to maintain your budget.<\/span><\/p>\n With so many credit apps<\/a> and attractive loan features, people have started exploiting them and as they fail to pay their credit bills<\/a> on time, their credit score suffers.\u00a0<\/span><\/p>\n Wallet helps you in this concern by providing a \u201cCredit\u201d tab. This section not only tells you your credit limit and your remaining balance but also shows the Debt Income Ratio and your Recurring Debt.<\/span><\/p>\n After keeping a ledger and controlling your expenses, you can finally use the \u201cReports\u201d tab to see the entire records of your spending and incomes. This gives you a brief summary of the entire account in a time frame and compares it with the previous records.<\/span><\/p>\n <\/p>\n Now, this is a game-changer for wallet users. With the Label feature, you can easily put different labels to define your expenses. Whether it is for your business or your personal expenses, using labels can instantly brief you about them.\u00a0<\/span><\/p>\n It also helps you in setting up alerts by using various appropriate Labels.<\/span><\/p>\n Go to the \u201cLabels\u201d tab and click on the \u201c+\u201d tab to add a new label.\u00a0<\/span><\/p>\n Then while making a new record, simply add the relevant labels to them.\u00a0<\/span><\/p>\n However, you can change the appearance of your labels with a premium plan only.\u00a0<\/span><\/p>\n <\/p>\n This feature helps you assign different categories to your new records automatically. Go to the \u201cAutomatic rules\u201d tab in the \u201cSettings\u201d section. Click on the \u201c+\u201d button.\u00a0<\/span><\/p>\n Name the new rule and select the keywords (It has to match the notes present in the transactions).\u00a0<\/span><\/p>\n Choose the record type and assign it to a category.\u00a0<\/span><\/p>\n Create a new label and auto-assign it to new records.<\/span><\/p>\n Toggle on it to assign it to the new or the old transactions.<\/span><\/p>\n <\/p>\n The Wallet app also lets you create different templates through which you can instantly make a manual entry. Simply click on the \u201c+\u201d tab, select the appropriate template and enter the amount. <\/span><\/p>\n This helps in saving a lot of time as you don\u2019t have to enter the same details every day.<\/span><\/p>\n <\/p>\n <\/p>\n What Is <\/span> Wallet<\/span><\/a> ?<\/span><\/h2>\n
Features On The Mobile App<\/span><\/h2>\n
1. Feature-Packed Dashboard<\/span><\/h3>\n
2. Budgets & Goals<\/span><\/h3>\n
3. Statistics<\/span><\/h3>\n
4. Labels<\/span><\/h3>\n
5. Automatic Rules<\/span><\/h3>\n
6. Templates<\/span><\/h3>\n
7. Other Useful Features<\/span><\/h3>\n