Myuncedu is short for My Unpending Days and it is a mobile app that helps users save money. The app helps you track your expenses, set budgets, and even alerts you when you are about to overspend. The founders of MyUnCedu are all young, educated professionals in their twenties. They often hang out at cafes or pubs, go on dates or travel with friends. And they discovered – much to their horror – that they spent a lot more than they could afford as a result of these activities. Worse still, they found it hard to keep track of how much they were spending on any given day. This inspired them to develop an app that not only tracks how much users spend but also alerts them when they are about the exceed budget for any category of expenditure on any given day. The result is MyUnCeDU – the world’s first personal finance management app designed specifically for young adults who like to have fun and socialise with friends but don’t want to destroy their finances as a result.
How does Myuncedu work?
The app is available for Android as well as iOS devices. After you sign up, you are asked to provide information related to your income, expenses, and the categories of your expenses like Food, Entertainment, Travel, etc. It also asks you to give your budget for each of these categories. After that, you can track your daily expenses by swiping left or right on any given day. Once you have entered all your expenses for a given day, you can swipe left to mark that day as complete. The app also allows you to set goals for the amount of money you want to save from your monthly income. You can also set an alert for when you have spent a certain amount of money on your current budgeted items.
Why is it important to track your spending?
Tracking your spending gives you a clear picture of how money flows into and out of your bank account. It also helps you manage your money better since you know exactly how much money you have left after you have paid all your expenses. It also helps you set a budget you can actually stick to since you will be able to see how much you have already spent.
The simplest way to do this is to keep a record of all the money that flows into and out of your bank account. This record is called a “budget.” Your budget tells you how much money you have to spend on things like rent, food, transportation, debt repayment, and savings.
If you don’t keep a budget, you have no idea how much money you actually have left over at the end of the month. You may have plenty of money in your account, but if you don’t have a budget, you don’t know what to do with it.
Is tracking your spending difficult?
No. Tracking your spending is just like tracking your fitness regimen. You may have to sit down and devote some time to it at the beginning, but you will get better at it with practice, and once it becomes a habit, it won’t take much effort. Moreover, the app is so sleek and easy to use that you will probably enjoy logging your expenses because it is almost like an interactive game that keeps you engaged while you are logging your expenses.
What is a budgeted day?
A budgeted day is a day on which you have set a budget for the various categories of expenses. Depending on the amount of money you have to spend in a given day, you can set the budget for each category of expenses. On budgeted days, the app shows you a graph indicating how much of your budget you have spent and how much is remaining. You can also see the percentage of each category you have spent.
How does the Overspending Alert feature work?
The app alerts you when you are about to exceed your budgeted amount for a given category of expenditure. This can be helpful, especially if you are trying to stick to a strict budget.
For example, if you are trying to stick to a budget of $25 per day for food, and on a given day you have spent $26, the app will alert you that you have exceeded your budget and you can go back and enter the amount you have spent for that day.
Saving money is a challenge for many young people. One of the reasons for this is that they often don’t have the discipline to track their spending. Myuncedu makes it easy to track your expenses and stay within your budget. It is convenient to use, and it really works. You can download the app from either the App Store or the Play Store and start saving money from today.