
That means 61% likely turn to credit, borrowing from family or friends, or have to radically cut expenses. This is proven by a 2018 survey by Bankrate indicating only 39% of Americans can come up with $1,000 for an unexpected expense. Until you can get control over your monthly budget, financial forward progress in any direction simply isnt possible. Instead, it focuses on the most basic of all financial activities, managing your monthly finances. It doesnt promise to manage your entire financial universe, or to make you rich. The basic strength of this app is in its simplicity.

Youll need to provide your login credentials for each biller you add to the app, so Prism can access and display the information going forward. Going forward, you can pay your bills directly through the app. There theyll be assembled, giving you a complete picture of your budget. Prism will then sync your account balances and bills. The specific mobile device requirements are as follows:Īfter you download the app, youll add each of your bills. It can be downloaded from the App Store, Google Play, Windows Phone, Windows 8, and Kindle Fire. Prism works with your mobile phone or tablet. Prism has processed more than $1 billion in bill payments in the past six years. There you can pay your bills and accurately match your expenses against your income. With all your expenses connected to the app, youll have a complete picture of your budget. Prism describes itself as a free app that helps you get control of your money." It works like a financial aggregator, similar to Mint and, except it aggregates income and expenses, rather than bank and investment accounts. Prism helps you avoid that outcome, keeping your credit score nice and healthy. That can hurt your credit, especially if the late or missing payment is for a credit card or loan payment. By better organizing your day-to-day finances, youll reduce the likelihood of missing a payment. Theres a secondary benefit, but one no less important.

It will help you to organize your budget on a single platform, so you can get better control of your cash flow.

Prism is an app that helps you manage your budget by focusing strictly on your monthly income and expenses. If youve been having difficulty paying your bills on time, and allocating your income to cover them all, there may be hope.
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An Android device running Android 4.0 or later.An Apple iPhone, iPad, or iPod touch running iOS 7.0 or later.This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below. We may, however, receive compensation from the issuers of some products mentioned in this article. You can trust the integrity of our balanced, independent financial advice.
