As long as you’re dependent upon your parents, things like saving money, paying bills, and having to file taxes online every year are not any concern of yours. But when you take pocket money from your parents, you always have to make sure that you don’t end up empty handed within the middle of the period it was meant for. But still you can at least ask them for more in case of any such condition. But from your parents’ point of view, they have to be mature and think wisely on how much to spend where so that a perfect balance exists between your current lifestyle and future planning. So they always tend to create a budget and try to remain in between the lines but due to one reason or another, they fall short of it. So there is a strong requirement of a budget tool that helps you to open up your pocket only up to requirements, not more than that.
When we’re talking about a budgeting tool, it should be something convenient that can always be with you for any time adjustments and so here we have a new iOS app called Budget Boss. The app has been developed by Damian Toohey. The app is compatible with iPhone, iPod touch and iPad and requires iOS 4.3 or any later version of the OS. The app has also been optimized for iPhone 5.

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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

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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.

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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.

Cons: none.

I will give this app 4.5 out of 5 stars. *****

Download the App