This application called Budget Boss really works as the actual boss of your family. There are five different sections: elements, outlook, summary, history and calculator. Under the elements section, you have to enter your all sources of income and different expenses. There are already defined categories though you can create your own as well. In the outlook section, you can readily enter any new expenses and track your daily expenses along with the complete information on where it was spent. Then there is a graphical representation of your expenses which you can see weekly, monthly, yearly or whichever way you want
Budget summary includes a pie chart of the expenses, income and margin which you may expand up to a year so that you may have a look at the average contribution of each item individually and see what the possible outcomes can be in the future. Then the history tab allows you to check out every individual adjustment you made to your budget and there is a calculator as well which allows you to calculate what possibly you can save over the years if you continue with the current plans.
So overall, the app offers a lot of features with your current as well as future planning laid on strong foundation. You can readily adjust any sudden changes and therefore this app is very useful for real life usage. The app is available for $0.99 and is a very good price. So go check it out now!
Pros: intuitive UI; lots of features; short-term as well as long-term planning; good price.
I will give this app 4.5 out of 5 stars. *****Download the App