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Popular Budgeting Tools to Help You Reach Your Goals

We all have different financial goals. But whether you’re a journalist in Massachusetts who wants to pay off student loans, or a farmer in California who wants to save up enough money for that much-needed vacation, setting a budget is a good way to reach them. And since here at Climb we strive to help people reach their goals in a financially responsible way, we’ve gathered a list of some popular budgeting apps and methods so you can find the one that best fits your life!

Our first, longest-running (it was founded in 2006), and arguably most well-known budgeting tool is Mint. With this, you can add your bank information to automatically track expenses across various accounts, create spending categories and goals for yourself, and receive alerts when you get too near your budget limit. While this app doesn’t offer much analysis when it comes to your spending, it can provide a good financial snapshot. And as an added bonus: users can access their free credit score, which is something you definitely want to be aware of!

Next up, we have Mvelopes. Fans of David Ramsey’s Envelope Method will recognize its smartphone counterpart. For free, users connect up to four bank accounts and can create up to 25 digital envelopes to track spending and allocate where each portion of your budget should go. And for a fee, premium users have access to unlimited accounts and envelopes as well as personalized finance coaching.

This platform is for particularly dedicated budgeters; in fact, Lauren Barret writes in MoneyUnder30 that “signing up for YNAB isn’t so much about downloading an app as it is about embracing a lifestyle shift.” With a spending philosophy based on the Zero-Sum Budget, where every dollar goes toward something, it includes a price tag of $50 per year (or $5 per month), manual categorization of the money spent, and compatibility with browsers as well as smartphones. So Barret wasn’t kidding about that “lifestyle” thing.

If you’re interested in more than just budgeting when it comes to your personal finances, this is one app you may want to check out. While it tracks your spending and monitors your bank accounts like a standard budgeting app, the main focus of Personal Capital is investing. It puts together a long-term investing plan, and lets you know if you’re paying too much in fees or need to diversify your portfolio. This tool is also free, although it does offer premium services for users willing to pay for some one-on-one investing advice.

DIY

Then of course, there are plenty of people who prefer a more hands-on, DIY approach. Whether you want to enter your numbers into a spreadsheet or handwrite them out, there are plenty of methods out there which may work for you. Beyond the aforementioned Envelope and Zero-Sum Budgets, there’s also Elizabeth Warren’s 50-30-20 Method, the alliterative Bucket Budget, or simply sticking with cash-only. Not to mention the slew of “alternative” budgets you can try; the trick is to find the method that fits best into your life and is most effective at helping you save.

There are plenty of different approaches to take and tools to assist you, and certainly no one size fits all. This was really just a small portion of the most popular budgeting methods you can employ. But once you find what suits you and your lifestyle, you’ll be able to take the first steps toward saving enough to meet that financial goal!

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What to Expect: Realistic Outcomes

Climb’s Comprehensive Access Solution can offer a strategic balance of increased enrollments and upfront cashflows compared to traditional lenders. While no financing solution guarantees 100% collection, our data-driven approach maximizes both upfront cash and long-term repayment rates.

Typical Partner Results:

  • 15-30% of students qualify for Climb Loans with upfront tuition delivered to the school shortly after course start
  • 45-60% of students qualify for 0% APR* payment plans
  • Enrollment increases of 20%+ reported by partner schools**

**Results vary by school and student demographics. This represents performance reported by individual school partners and should not be considered a guarantee of your specific outcomes.

The bottom line: CAS is designed to maximize your net tuition recovery while eliminating the administrative headaches of student financing.

Maximizing Your Results

Pro Tip: Schools that require student deposits and set up automatic payments during enrollment see significantly better repayment performance across all financing options. These simple steps can meaningfully improve your outcomes.

FAQs

We use a comprehensive, AI-driven assessment that goes beyond traditional FICO scores to better serve career training students:

  • Climb Credit Score: Over 150 data points specifically designed for vocational students
  • Debt-to-Income Ratio: Reliable predictor of payment performance
  • FICO Score: Used primarily for interest rate assignment

Key advantages of our approach:

  • Soft credit pull until loan funding (no credit impact during application)
  • The majority of students receive instant decisions
  • Students can apply with co-borrowers directly in the application
  • More accurate placement into appropriate financing products

We use a comprehensive, AI-driven assessment that goes beyond traditional FICO scores to better serve career training students:

  • Climb Credit Score: Over 150 data points specifically designed for vocational students
  • Debt-to-Income Ratio: Reliable predictor of payment performance
  • FICO Score: Used primarily for interest rate assignment

Key advantages of our approach:

  • Soft credit pull until loan funding (no credit impact during application)
  • The majority of students receive instant decisions
  • Students can apply with co-borrowers directly in the application
  • More accurate placement into appropriate financing products

Students are placed into funding brackets (Elite, Standard, Enhanced) based on our AI assessment. Higher-credit students generate higher upfront payments to your school, while students with limited credit are seamlessly directed to our 0% Payment Plan.

These brackets are established using data from over $1 billion in career training loan originations and may be adjusted periodically based on updated repayment trends.

Important note: Regardless of which bracket a student falls into, they are considered fully paid by your school once funded. The student’s repayment obligation exists exclusively between Climb and the student.

Elite Access not available for Computer Science programs. Upfront percentages vary by industry and loan terms.

Once Climb disburses upfront funding for a student loan, that student is considered fully paid by your school. You will not receive any additional payments for that student—the single upfront payment is complete and final.

From that point forward, the student’s repayment obligation exists exclusively between Climb and the student. Your school has zero liability if the student defaults, and you keep the full upfront payment regardless of the student’s future payment performance.

They’re automatically offered our 0% Interest Payment Plan, ensuring no student is turned away while maintaining steady monthly cash flow for your school.

Higher-credit students generate larger upfront payments (75-100% of tuition), while students with limited credit use our 0% APR* Payment Plan for consistent monthly revenue. Both options are risk-free for your school

Absolutely. Climb complements existing payment options like scholarships, employer-sponsored programs, and internal financing.

Absolutely. Climb complements existing payment options like scholarships, employer-sponsored programs, and internal financing.

Typically, within 5-10 business days after your partnership agreement is signed.

Comprehensive onboarding webinar, continuous partner support via AI-assisted chat and live email—and real-time borrower assistance with our live-chat-available student success team.

No. Climb fully manages the administrative responsibilities—your team simply monitors your school’s performance via our intuitive School Portal.

Your school is fully protected either way. For Climb Loans, you keep the entire upfront payment with zero liability. For Payment Plans, you only receive what students actually pay, with no risk to your school.