In a situation when people had no opportunity to travel, to go to restaurants, or to any other public places to spend money for relaxation.Īnd this is another psychological moment you should consider while creating your budget app in 2021. Grueling lockdowns deprived us of any possibility to shop outside.

A long, difficult pandemic time has affected how people distribute their budgets. And for people who want to save money, an app should offer simple ways to accumulate wealth. For spenders, you must offer schemes for reducing costs and budget-conscious spending. So, a budget app must meet the requirements of both groups. Users from these groups will use the app in completely different ways, and they are looking for particular features of money management. There are two types of people: spenders and savers. One of the most important steps in creating an app for budget management is understanding the problems of the future user.Īll people, regardless of social status, subconsciously manage their money flow according to the same psychological model. To address this problem, the money management apps were created whose role is to simplify things. Managing personal finances can be overwhelming. Yet, they have the tendency to pile up and fester into bigger problems. Unaccounted small expenses may seem insignificant, and only seem to exist when you are looking straight at them. To be financially secure, you have to not only keep track of how much you earn but how much you spend.

Best personal budget software 2018