Recovering From Holiday Spending

For many, a spending spree for the 2012 Holiday season results in skimping on spending in the New Year as they try to get their budgets back on track. In early December, predictions indicated Americans would spend about as much on holiday shopping in 2012 as they did before the recession began in 2007. For those looking to recover holidays costs and save money in the New Year, there are several ways to put a financial plan in place with mobile technology.

Personal finance apps, such as Mint, provide mobile tools to create budgets, track purchases and create spending goals. GasBuddy and Grocery IQ provide options to save money on everyday needs. Money-saving deal sites, such as Groupon and Gilt, offer apps to track deals in your area and save money on shopping purchases throughout the year.

Planning to become an extreme coupon user to cut costs in 2013? Coupon Sherpa is one way to utilize coupons through a smartphone, as it offers access to mobile coupons, removing the hassle of printing them.

Keeping an eye on your bank account throughout the day also helps to stay on course. Bank of America and Citibank offer apps to check your account during the day, ensuring that spending is on track. PNC Bank’s Virtual Wallet app provides a checking or savings mobile option to view recent transactions and view upcoming payments and transfers. 

Now for the hard part – start saving to get back on track.