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Financial Habits For Success:  In their paper on financial planning in the Journal of Economics in 2003, Ameriks et al. posed the question of how households that begin with a similar level of wealth and income tend to diverge over time, with some becoming wealthier, while others did not. A leading indicator for future wealth was “propensity to plan,”
Mastering personal finance demands more than just maintaining a budget. Once you’re saving more than you make, and you have a comfortable emergency fund, you’ll need to start thinking about how to maintain and grow your wealth. Even though inflation may now be under control, we’ve still seen a period of relatively high inflation, that left the salaries of
The advent of ChatGPT and its many competitors certainly puts younger workers in mind of automation and its effect on their careers in the near future. In 2023, it’s unclear to most people under 40 how automation is going to affect their jobs going forward. Today we’re going to give you a brief overview of the most important short
It’s that time of the year again and the holidays are almost around the corner. While we prepare ourselves for the joy and celebrations of the holidays, we also have to prepare our finances to get through this season unscathed. Holidays are the time that most of us overspend. There is the pressure to visit family, give gifts, decorate
The fairy lights are already up and holiday tunes are filling the air. It is the season of fun and celebrations. And, also of a lot of spending. According to retail surveys, people around the world are expected to spend upward of $400 per person during the holidays this year. With so many discount offers and sales notifications, it
You’re finally doing a job you love and are earning a good enough salary. But is your money running out too soon? Do you find yourself frustrated just days after payday, struggling to come up with ways to pay that nth bill? And, would a tiny emergency send your finances into a tailspin? You’d be surprised to know that,
As some of you have noticed, we have an exciting new addition to our armor of money managing features–weekly reports. They are concise, yet insightful capsules of data regarding your finances that’ll keep you motivated and informed on the go. By now, you know that knowledge is power when it comes to managing your money. And, these reports give
So when do we know that Summer has officially come to an end? Yes, of course, when it’s time to start buying back-to-school supplies. Whether you are a student or a parent, this is a tough time in terms of your finances, because, you do want to stretch that dollar but also want to make sure that you can
So you’ve decided on your dream summer destination and are all set to take off? Or, are you still finalising plans, booking stuff and looking forward to your upcoming holidays? Or, are you just saving up for your much-needed vacation? Whatever may be the case, you need a travel budget! Period. But why, you may be wondering! Some of
We’re incredibly proud to announce that, last week, Wallet received the coveted Editor’s Choice badge from Google Play. This means we were handpicked by Google Play editors out of about 2.8 million apps as one of the best and most trusted apps available. The BudgetBakers team feels honored that we have found a place among the 72 top apps in the world. According to Google,
When we started the BudgetBakers blog, we were clear about one thing — we wouldn’t offer unsolicited advice or preach about the one-right-way to manage money or become debt free! Why? Because, we know that there is no such thing. We respect each of your money management systems and what we offer are simple, yet intelligent solutions to make this process
Yay! You’ve moved to Wallet. But, nay! You’ve a whole lot of transaction data from previous years stored elsewhere. A list that you meticulously and diligently created one at a time over the years. We feel you and that’s why we rolled out our new feature Imports. We do not want your efforts to go wasted and we want you
What started as one man’s dream to develop a tool to manage his finances has now become a full-blown startup, BudgetBakers, employing a motley team of talented individuals, all working towards helping the world lead a richer life. Who are we, really? Many of us began our journey with BudgetBakers, like you, as users of Wallet. As a team,
When we started the BudgetBakers blog, we were clear about one thing — we wouldn’t offer unsolicited advice or preach about the one-right-way to manage money! Why? Because, we know that there is no such thing. We respect each of your money management systems and what we offer are simple, yet intelligent solutions to make this process easier for you. We
At BudgetBakers, we put you, our users, first. We want Wallet to be useful for you. This is why Wallet is designed to learn your preferences and adapt to them. We want you to be able to successfully manage money no matter what your money philosophy is. So here’s presenting our new feature, Imports. Imports are a powerful addition to

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