Ties, toys, tinsel and traditions like shopping have dominated winters for Americans for many years. But such traditions come at a price, often a very high price, contributing to consumer credit card debt that has reached $857.6 billion.
Holiday spending has helped saddle American families that carry credit card debt from month to month with average balances totaling $15,328.
"There is good news, Americans also have a tradition of making resolutions on New Year's Eve," said Etta Money, President of InCharge Debt Solutions. "Every American, including the 37% of consumers with unsecured debt, should make a New Year's resolution to their families to solve their financial stress in the coming year. Today's technology offers tremendous tools that can make these resolutions become a reality in 2013."
Here are five apps that can help Americans manage their money more effectively:
1. Expensify - this app helps users sync their bank accounts with their credit card accounts in real time, also providing an expense report helpful for tax preparation.
2. Gas Buddy - provides the best gas prices by zip code, city and state to give consumers access to the best savings on fuel purchases.
3. Grocery IQ - shoppers can prepare their list, group them by food type and find coupons when they are available.
4. Red Laser - by simply scanning a product's barcode, this app will let you know if and where it is available at a lower price.
5. Pageonce - this app lets users manage all of their financial information in one location, including bill payments.
There are plenty of apps that help locate the closest ATM machines (without facilitating a fee), hotels and restaurants offering coupons, plus programs like Mint.com offers turnkey money management tools. Nonprofit InCharge Debt Solutions also offers a complete array of budgeting tools and calculators at http://www.incharge.org/money-101/personal-finance-calculators.
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