I’m a digital budgeter through and through! Spreadsheets are my jam, and I love anything automated, so digital budgeting is what works for me. We mostly use our credit and debit cards for spending and bills, so we end up having a bunch of transactions each month too.
Writing everything out by hand is too much work, so doing everything on spreadsheets and apps saves me a lot of time. Both ways work, just do what works better for you!
Today, I’m going to tell you 5 reasons digital budgeting might be better for you than pen and paper, and you might be surprised to learn that you’re a digital budgeter too!
Here Are 5 Reasons Digital Budgeting Might Be Better For You Than Pen and Paper!
1. You want a record of every transaction each month, and you want it to be automated.
Using a spending tracker app that brings in transactions from your bank would save you a lot of time and allow you to record every transaction with ease.
2. You’re often on the go.
You need to be able to pull your budget up in a pinch. By using spreadsheets and apps your budget is always available on your devices and you don’t have to remember to bring a budget binder with you everywhere.
3. You never want to lose your current or past budgets.
Keep them on the internet and you’ll have them forever! You don’t have to worry about misplacing papers or lugging around notebooks. Having a record of past budgets is also great if you want to look back on past years and assess your spending or remember a past event.
4. You don’t want to do the math by hand.
You probably have many transactions every month and want technology to do most of the adding and subtracting for you. Hand entering all your transactions into a log book and doing all the constant adding and subtracting sounds like a pain and it’s too easy to make errors! Something digital could do it for you much faster and that would save you so much time!
5. You want to gather data.
By keeping all your budgets on spreadsheets and apps, you can learn about your spending habits. Spreadsheets make it easy to look back on your patterns and make graphs, or add up your spending for the year in a certain category, and so on. This would be too much of a pain with pen and paper budgets.
So there you have it! Do you want to learn how I budget each paycheck and do a zero-based budget? Read exactly how I do my budget here.
If you want to check out my easy digital budgeting spreadsheet which will allow you to budget each paycheck and on any pay schedule (and add or subtract more paychecks with one click), click here! We created this tool so it can be used whether you get paid monthly, twice a month, biweekly, or weekly! Start filling it in and you’ll see how easy it is to use.
Need more help? Check out these related articles:
Need help getting your debt paid off and under control?
Check out our Debt Snowball Calculator. Add up all your debt, determine how much you can pay toward debt now, plug in future lump sum payments to debt, and determine how soon you could be debt-free! Order your debts in whatever payoff order you choose. This tool is completely customizable to help you figure out how soon you can be debt-free based on your totally unique income and goals! Includes video tutorial.