Budgeting

Why Do People Think Mint is Bad For Budgeting

One of the well known online budget and expense tracking app is Mint which allows you to track your money transactions from home without any trouble. Mint was formally introduced in September 2007. In November 2009, Intuit purchased Mint for $170 million. At the time, Mint had more than 1 million clients and was including a couple of thousand new clients consistently. After four years, Mint has more than 10 million clients. It can be used for checking your financial statements, savings, credit card bills, monthly and yearly incomes, future goals involving money, and funding for trips and hotel bookings.

Advantages of using Mint.com

  • As this is budgeting software, it notifies you every time you are due to pay a bill or payment which ensures you don’t end up being penalized for paying fees lately.
  • It helps to guide you in making the perfect financial statement for you bringing out every scope for you to spend and save as well.
  • You can keep a look on your daily expense and if you have a future goal of buying something, you can reduce your current spending according to it.
  • It is easily portable and you can track your money records through phone, tablet, laptops etc. So even if you are on a tour, you can track your transactions.
  • It keeps a track on your credit bills, home bills, savings etc for you.

Disadvantages of using Mint.com

Although the Mint.com has some great advantages but there are some disadvantages too which is making people lose trust over the app and ending up calling it bad software for budgeting.

  • There is not guaranteed security in this online software. com could get hacked and the cyber hackers can get hold of all your financial information. The only thing the hacker needs to do is get your password and to be honest, it is not that hard to get.
  • People don’t feel the necessity of an online finance tracker and they are good on their own.
  • They are more loyal users of other online budgeting sites like Quicken or YNAB.
  • There is sometimes a necessity of keeping a manual transaction record. Mint does everything through automated calculators but it sure has some flaws now and then causing you to lose track of your real money matters.
  • The site is full of advertisements of their credit cards and software. You would end up getting lost in them and being unable to put any digit in peacefully.

These are the basic reasons causing Mint to lose customers even though they provide quality service. If these issues are fixed soon they will be able to gain back their popularity as an online budgeting site.

Best Features from Quicken Budgeting Software

Budgeting is an art. It takes a lot of imagination and decision-making skills to create a budget for oneself. In the past all one had to budget was a pen and their balance sheets. It was left primarily to brain power to come up with solutions. The arrival of the new age has seen an advent of newer tools. Tools which have more computational power and is able to calculate a long set of numbers in a jiffy. There are quite a few of them in the market today. Each comes with its own set of unique propositions and one must understand his or her own personal needs before selecting one.

In this long list of budgeting tools stands out one name: Quicken. And it should not be mistaken with Kraken, the monster of Norwegian folklore.

The former is quite a smart tool and the latter, a legend.

Quicken has the following features:

  • It saves every piece of financial transaction information and categorizes them
  • It has a robust data visualization capability
  • It helps you by comparing your investments with the other instruments currently available in the market
  • It’s 128-bit and 256-bit encryption ensures your information is beyond the reach of any wrongdoer.
  • The software creates separate heads for retail and small business and helps you put funds in the correct places.
  • It tracks all expenses like rental, leases, rates and deposits all in one place to give you firsthand information.
  • It also comes with a mobile app. Now, this would mean you can manage your money anywhere and at your convenience.

Hence, the question that now arises is why then Quicken is rarely suggested as a budgeting tool. With so many features to go for it, what pulls it back? We see the reasons are many.

The lack of a free trail especially for a budgeting tool is off-putting. When someone installs software to handle money, the trail period usually works like a charm. Quicken does not have one.

It has way more functionality than what a layman can handle and it does get intimidating for most while using it for the first time.

Over the past few years and versions, there have been complaining about the memory Quicken eats up. Also, reports of bugs causing trouble for the budgeting tool has been around for some time now

In spite of these shortcomings, Quicken does have its followers. However, to up the ante in the field of budgeting tools, it needs to get sharp.

Is It Practical to Use Zero Based Budgeting

Business owners and top-level managers invest a lot of time budgeting and in bigger organizations, the process itself incurs huge costing. In traditional methods of budgeting, the managers are required to review the previous year’s budget and then make amendments based on the performance expectations. However, in Zero Based Budgeting (ZBB), a completely reverse approach to planning and budgeting is applied.

Zero Based Budgeting doesn’t take into account the previous year’s budget and is instead begins at Zero. The managers need to justify all the budgetary expenses and not limit themselves to the previous year’s budget. Everything starts at zero and the planning and decision making is done on the basis of budgeting. One of the prerequisites of this budgeting is that the mangers need to be ready for detailed documentation and budgeting. The managers also have to identify and even justify the expected expenditures and arrange the activities in accordance to their relevance and costs.

Zero Based Budgeting paves the way for the high level management to make decisions as well as budgetary curtailments based on the documents during any time of the financial year. There is no provision of pre-financing as is in the case of traditional budgeting. This is a big reason why this type of budgeting is followed in the non-profit sectors and government. However, Zero Based Budgeting has to undergo frequent reviews, usually every year, as it is a costly and time-consuming process.

People favoring the Zero Based Budgeting usually point to the following advantages:

  • Resources are allocated vis-à-vis requirements and benefits, which is extremely efficient
  • Managers are compelled to find cost-effective methods for improving activities
  • Inflated budgets can be easily detected
  • Service departments find this to be extremely efficient because often it’s difficult to identify criteria

 

Naysayers point to these disadvantages of Zero Based Budgeting:

  • It’s time consuming because defining expenditures is often challenging for the managers
  • Zero Based Budgeting needs too many support staff and managers to prepare
  • Managers have to be given prior training on this method of budgeting before they can actually begin the process, which again is time-consuming
  • Everyone has to be aware of the details as huge volume of data as well as forms are needed for effective Zero Based Budgeting

 

Zero Based Budgeting is considered to be an honest approach to budgeting but when it is not too practical for private organizations and larger businesses to follow. They are bound to face capital and manpower shortage while trying to implement Zero Based Budgeting.

Bachelor Parties on a Budget

Just as spring begins, so too does wedding season. Men all across America are handing in the keys to their bachelor pads and trading them for keys to minivans. In a rite of passage and one last hoorah before the married life, many men throw bachelor parties. Just as weddings have gone up exponentially in cost and in extravagance, so too have bachelor parties. But there’s no reason to blow your whole wad of cash if you don’t have to. It is possible to have an epic and memorable (for what you remember of it) bachelor party on the cheap. In fact some of the best bachelor parties are those which are done on a budget. Check out some of the best ideas below.

bachelor party

Keep it local! Instead of jetting to Vegas or New Orleans  for the weekend, contemplate looking at places nearby. So if you live in New York check out Atlantic City. It might not have the same appeal as Vegas or be as classy, but you will save a ton on airfare. Plus all casinos are dark and boozy on the inside!

bachelor party in las vegas

Eat at home. There is no reason to blow a ton of money on a steak dinner. Just have the guys over and grill up some burgers while sipping on some beers, which brings up our next tip…

bachelor party food

Pregame! Pregaming isn’t just for college and your early twenties. Take advantage of your time at home before you hit the bars or clubs and save on drinks that are bought beforehand and don’t involve tipping.

bachelor party drinks

When heading out, you can rent a party bus or a limo–but perhaps instead opt for a town car or Uber an SUV. You can still get where you are going in style, but while saving a bundle! Also, you are guaranteed to stay safe, since one things for sure: you don’t want to be driving home tonight.

bachelor party uber SUV car

103 Best Sources for Legal Free Books

This is a great list of the 103 best sources for free books online. You don’t need Amazon anymore when you have sites that can give you great books by Mark Twain, Joseph Conrad and other famous authors for free.

1. http://www.classicbookshelf.com This site has put classic novels online, from Charles Dickens to Charlotte Bronte.

2. http://www.onlinebooks.library.upenn.edu search.html The University of Pennsylvania hosts this book search and database.

3. www.gutenberg.org This famous site has over 27,000 free books online.

4. http://www.pagebypagebooks.com Find books by Sir Arthur Conan Doyle and H.G. Wells, as well as speeches from George W. Bush on this site.

5. http://www.classicbook.info Genres here include historical fiction, history, science fiction, mystery, romance and children’s literature, but they’re all classics.

6. http://www.classicreader.com Here you can read Shakespeare, young adult fiction and more.

7. http://www.readprint.com From George Orwell to Alexandre Dumas to George Eliot to Charles Darwin, this online library is stocked with the best classics.

8. http://www. www.planetebook.com Download free classic literature titles here, from Dostoevsky to D.H. Lawrence to Joseph Conrad.

9. http://www.meta.montclair.edu spectator Montclair State University’s project features full-text, online versions of The Spectator and The Tatler.

10. http://www.bibliomania.com This site has more than 2,000 classic texts, plus study guides and reference books.

11. http://www.literature.org Find full and unabridged texts of classic literature, including the Bronte sisters, Mark Twain and more.

12. http://www.bartleby.com fiction Bartleby has much more than just the classics, but its collection of anthologies and other important novels made it famous.

13. http://www.fiction.us Fiction.us has a huge selection of novels, including works by Lewis Carroll, Willa Cather, Sherwood Anderson, Flaubert, George Eliot, F. Scott Fitzgerald and others.

14. http://www.classic-literature.co.uk Find British authors like Shakespeare and Sir Arthur Conan Doyle, plus other authors like Jules Verne, Mark Twain, and more. Textbooks If you don’t absolutely need to pay for your textbooks, save yourself a few hundred dollars by reviewing these sites.

15. http://www.textbookrevolution.org index.php Main_Page Find biology, business, engineering, mathematics and world history textbooks here.

16. http://www.en.wikibooks.org wiki Main_Page From cookbooks to the computing department, find instructional and educational materials here.

17. http://www.knowthis.com topic-areas media-and-publications free-online-textbooks.htm Get directed to stats textbooks and more.

18. http://www.welovelmc.com books.htm Find books about plastic surgery, anatomy and more here.

19. http://www.spot.colorado.edu ~dubin bookmarks b 1240.html Access biochemistry, chemistry, aeronautics, medical manuals and other textbooks here.

20. http://www. ocw.mit.edu OcwWeb web resources supplemental index.htm Find free videos, textbooks and more on the subjects of mechanical engineering, mathematics, chemistry and more.

21. http://www.flatworldknowledge.com minisite This innovative site has created an open college textbooks platform that will launch in January 2009.

22. http://www.businessbookmall.com Free Business Books.htm Find free books to go along with accounting, economics and other business classes.

23. http://www.lightandmatter.com Here you can access open source physics textbooks.

24. http://www.emedicine.medscape.com This project from WebMD is continuously updated and has articles and references on surgery, pediatrics and more. Math and Science Turn to this list to find books about math, science, engineering and technology.

25. http://www.fullbooks.com This site has “thousands of full-text free books,” including a large amount of scientific essays and books.

26. http://www.homepages.nyu.edu ~jmg336 html mathematics.html NYU links to several free resources for math students.

27. http://www.math.gatech.edu ~cain textbooks onlinebooks.html Here you can find online textbooks likeElementary Linear Algebra and Complex Variables.

28. http://www.techbooksforfree.com science.shtml These books range in topics from nanotechnology to compressible flow.

29. http://www.freescience.info Find over 1800 math, engineering and science books here.

30. http://www.freetechbooks.com e Tech Books Computer programmers and computer science enthusiasts can find helpful books here. Children’s Books Even children’s books are now available online. Find illustrated books, chapter books and more.

31. http://www.bygosh.com Find free illustrated children’s books and stories here.

32. http://www.munseys.com site home Munseys has nearly 2,000 children’s titles, plus books about religion, biographies and more.

33. http://www.en.childrenslibrary.org Find award-winning books and search by categories like age group, make believe books, true books or picture books.

34. http://www.lookybook.com Access children’s picture books here. Philosophy and Religion For books about philosophy and religion, check out these websites.

35. http://www.bored.com ebooks Bored.com has music ebooks, cooking ebooks, and over 150 philosophy titles and over 1,000 religion titles.

36. http://www.ideology.us Here you’ll find works by Rene Descartes, Sigmund Freud, Karl Marx, David Hume and others.

37. http://www.dlshq.org download download.htm Recent uploads to this site include Practical Lessons in Yoga and Philosophy of Dreams.

38. http://www.ne.jp asahi moriyuki abukuma weber society socio_relig socio_relig_frame.html Read this book by Max Weber, here.

39. http://www.e-library..netReligion.htm Read books about the Bible, Christian books, and more. Plays From Shakespeare to George Bernard Shaw to more contemporary playwrights, visit these sites.

40. http://www.readbookonline..net Here you can read plays by Chekhov, Thomas Hardy, Ben Jonson, Shakespeare, Edgar Allan Poe and others.

41. http://www.fiction.us plays.htm Read Pygmalion, Uncle Vanya or The Playboy of the Western World here.

42. http://www.shakespeare.mit.edu MIT has made available all of Shakespeare’s comedies, tragedies, and histories.

43. http://www.vl-theatre.com list4.shtml This site catalogs “all the plays [they] know about that are available in full text versions online for free.”

44. http://www.singlelane.com proplay This site has children’s plays, comedies, dramas and musicals. Modern Fiction, Fantasy and Romance These websites boast collections of graphic novels, romance novels, fantasy books and more.

45. http://www.publicbookshelf.com Find romance novels, mysteries and more.

46. http://www.ibdof.com This forum features fantasy and graphic novels, anime, J.K. Rowling and more.

47. http://www.free-online-novels.com Here you can find Christian novels, fantasy and graphic novels, adventure books, horror books and more.

48. http://www.foxglove.co.uk free_online_novels.html This British site has free novels, satire and short stories.

49. http://www.baen.com library Find books by Scott Gier, Keith Laumer and others.

50. http://www.roadtoromance.ca freestories.htm This website has books by Patricia Cornwell and other romance novelists.

51. http://www.getfreeebooks.com This site’s largest collection includes fiction books.

52. http://www.johntcullen.com Read short stories from John T. Cullen here.

53. http://www.hourwolf.com sfbooks Books here include Arabian Nights,Aesop’s Fables and more.

54. http://www.starry.com novel free-online-novels freenoveldirectory.htm This list contains mostly fantasy books. Foreign Language For books in a foreign language like French, Spanish and even Romanian, look here.

55. http://www.cf.hum.uva.nl Find Dutch literature here.

56. http://www.un2sg4.unige.ch Search by author’s name, French books, or books written by other authors but translated into French.

57. http://www.liberliber.it:/ Download Italian books here. Browse by author, title, or subject.

58. http://www.biblior..netvolume.html Find Romanian books on this site.

59. http://www.cervantesvirtual.com Look up authors to find a catalog of their available works on this Spanish site.

60. http://www.sarantakos.com keimena.html This page is entirely in Greek, but if you’re looking for modern Greek literature, this is the place to access books online.

61. http://www.cervantes.tamu.edu V2 index.html Texas A&M’s Proyecto Cervantes has cataloged Cervantes’ work online.

62. http://www.forumromanum.org literature index.html Access many Latin texts here.

63. http://www.runeberg.org Find Scandinavian literature online here.

64. http://www.lib.uchicago.edu efts IWW This site provides information about Italian women authors and features full-text titles too.

65. http://www.bv2.gva.es default.php Register to use this database of Catalan and Valencian books.

66. http://www.ketabfarsi.com Access literature and publications in Farsi from this site.

67. http://www.afghanistandl.nyu.edu Powered by NYU, the Afghanistan Digital Library has works published between 1870 and 1930.

68. http://www.ucc.ie celt CELT stands for “the Corpus of Electronic Texts” features important historical literature and documents.

69. http://www.gutenberg.spiegel.de index.php This easy-to-use database of German language texts lets you search by genres and author. History and Culture Refresh your memory of world history, the classics and U.S. history here.

70. http://www.librivox.org newcatalog LibriVox has a good selection of historical fiction. 71. http://www.perseus.tufts.edu hopper Tufts’ Perseus Digital Library features titles from Ancient Rome and Greece, published in English and original languages.

72. http://www.accessgenealogy.com library Find literature about Native American history, the Scotch-Irish immigration in the 19th and 20th centuries, and more.

73. http://www.onlinebooks4free.com menu history_usgeneral.html This collection features U.S. history books, including works by Paul Jennings, Sarah Morgan Dawson, Josiah Quincy and others.

74. http://www.books-on-line.com bol TopTen.cfm?DCode=9 Free titles include Seven Days and Seven Nights by Alexander Szegedy and Autobiography of a Female Slave by Martha G. Browne. Rare Books Look for rare books online here.

75. http://www.questia.com publicdomainindex Questia has 5,000 books available for free, including rare books and classics.

76. … Arts and Entertainment This list features books about celebrities, movies, fashion and more.

77. http://www.books-on-line.com bol default.cfm This large collection includes movie scripts, newer works, cookbooks and more.

78. http://www.chestofbooks.com This site has a wide range of free books, including gardening and cooking books, home improvement books, craft and hobby books, art books and more.

79. http://www.free-ebooks..net Find titles related to beauty and fashion, games, health, drama and more.

80. http://www.2020ok.com Categories here include art, graphic design, performing arts, ethnic and national, careers, business and a lot more.

81. http://www.art.quickfound.net Find artist books and art books in PDF format here.

82. http://www.onlinecomputerbooks.com OnlineComputerBooks.com directs you to free web design books.

83. http://www.onlinebooks4free.com Find sheet music, lyrics and books about music here.

84. http://www.clothing.quickfound.net Costume and fashion books are linked to the Google Books page. Mystery Here you can find mystery books from Sherlock Holmes to more contemporary authors.

85. http://www.mysterynet.com Read free short mystery stories on this site.

86. http://www.topmystery.com Read books by Edgar Allan Poe, Sir Arthur Conan Doyle, GK Chesterton and other mystery writers here.

87. http://www.books-on-line.com Read books by Sue Grafton and others. Poetry These poetry sites have works by Emily Dickinson, Edgar Allan Poe and others.

88. http://www.online-literature.com This site features forums, a copy of The King James Bible, and over 3,000 short stories and poems.

89. http://www.fiction.us This list includes “The Raven,” “O Captain! My Captain!” and “The Ballad of Bonnie and Clyde.”

90. http://www.poemhunter.com Find free poems, lyrics and quotations on this site.

91. http://www.poetry-online.org Read limericks, love poetry, and poems by Robert Browning, Emily Dickinson, John Donne, Lord Byron and others.

92. http://www.books.google.com books?q=+subject%22+Poetry+%22&as_brr=3&rview=1&source=gbs_hplp_fict Google Books has a large selection of poetry, fromThe Canterbury Tales to Beowulf to Walt Whitman.

93. http://www.quotesandpoem.com poems poets Read poems by Maya Angelou, William Blake, Sylvia Plath and more.

94. http://www.completeclassics.com Rudyard Kipling, Allen Ginsberg and Alfred Lord Tennyson are all featured here.

95. http://www.pinkpoem.com On this site, you can download free poetry ebooks. Miscellaneous For even more free book sites, check out this list.

96. http://www.onlinebooks.library.upenn.edu Here you can follow links of banned books to their full text online.

97. http://www.worldebooklibrary.com This monstrous collection includes classics, encyclopedias, children’s books and a lot more.

98. http://www.dailylit.com DailyLit has everything from Moby Dick to the more recent phenomenon, Skinny Bitch.

99. http://www.digital.library.upenn.edu The University of Pennsylvania’s page for women writers includes Newbery winners.

100. http://www.starry.com These novels are fully online and range from romance to religious fiction to historical fiction.

101. http://www.manybooks.net Download mysteries and other books for your iPhone or eBook reader here.

102. http: www.authorama.com Books here are pulled from Google Books and more. You’ll find history books, novels and more.

103. http://www.onlinebooks.library.upenn.edu Use this directory to connect to full-text copies of Newbery winners, Nobel Prize winners and Pulitzer winners.