Want to Stick to a Budget? Some Advisers Say Skip the Apps

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 30 October 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Financial advisers say fintech apps track your spending, but they don’t necessarily change your behavior. WSJ reporter Imani Moise joins host J.R. Whalen to discuss why a spreadsheet may be more effective at helping people maintain a budget. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	First, the bad news.
0:01.6	SAP Business AI won't generate amusing holiday cards,
0:04.8	but it will personalize career paths for your people
0:07.0	and let you know which suppliers are best,
0:08.8	so you can be ready for the next opportunity.
0:10.8	Revolutionary technology, real-world results.
0:13.2	That's SAP Business AI.
0:17.7	Here's your money briefing from Monday, October 30.
0:20.7	I'm JR Whalen for the Wall Street Journal.
0:25.8	There are lots of apps available
0:27.2	that help people track their spending,
0:29.4	but do they help them keep to a budget?
0:31.2	If you struggle with overspending,
0:33.0	it's probably better to go with old-school methods
0:36.6	than to outsource to an app.
0:38.6	That way, you have to mentally account for every dollar
0:41.9	that you spend and really engage with your financial habits.
0:46.8	We'll talk to Wall Street Journal,
0:48.0	personal finance reporter Amani Moeze, after the break.
0:51.2	Techno's briefing is supported by FTI Consulting.
1:02.5	From the world's largest cyber breaches
1:04.1	to global fraud investigations, FTI Consulting
	...

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