Finances can be tricky to navigate for all persons. There are digital investments to explore, subscription services to manage, and many more to learn about finances; it can be downright challenging. Luckily, as the world gets more digitalized, so do the apps that help you manage your finances.
The best personal finance apps have different features that match your budgeting style, including email reminders, shared wallets, bill due dates and shared wallets. They also come at an affordable price point and are easy to use and integrate. If you are searching for an app to help you solve your finances woes, then this article has listed the best apps for you. Let’s walk together.
Mint is one of the most popular personal finance apps available, with over 20 million users. This is because the application is free and offers a complete financial image in one place. After linking your debit card and credit card, the application pulls your transactions, categorizes them, and creates a picture of how you’re spending.
Besides these services, Mint helps you track bills and spending and create a budget you can rely on. The app also has a monthly bill tracking feature, including a payment reminder to help you avoid late fees. Mint also offers a few educational resources like a loan calculator and blogs with varying finance topics to help users manage their money.
- Personal Capital
There are many different ways to invest which is why you will need a wealth management app that allows you to track and manage your investments along with your daily spending accounts. This is where Personal Capital finance app comes in. The app will enable you to track your portfolio by asset sales, assets, or individual security. The app has features to help you discover opportunities for diversification and locate any hidden payments your investment may be paying.
- You Need A Budget
You Need a Budget, also known as YNAB, earns the second spot for the best personal finances app. The app is designed to help you plan ahead of your financial decisions rather than track past transactions. It works around the YNAB’s four rules that stress giving every dollar a job, embracing your actual expenses, rolling with punches, and aging with money.
As soon as you receive your payments, you tell YNAB how much of the payments should go to accounts, including savings, debts, goals, and expenses. The goal is to help you become more intentional with your finances when prompted to decide how to spend it actively. Another advantage of the YNAB app is its ability to work on multiple gadgets, including smartphones, computers, and iPads.
PocketGuard finance app also appears in this list because of its ability to help you curb overspending. The app uses an algorithm to track your expenses, income, and saving goals to inform you of the amounts you can spend daily. These spending limits are practical as they help you control your financial goals by quitting overspending.
EveryDollar finance app is a zero-based system of budgeting that helps give every dollar a purpose in your budget. The application has an inbuilt monthly expense tracker allowing you to connect with your financial entity to draw transactions to keep up with your expenditure. The tracker shows you the money you’ve spent so far in the month and what you’ve left to spend.
Saving is an essential aspect when it comes to managing your finances. You can set aside some money to go to the savings account during payday or transfer smaller amounts to the account every week. Depending on your chosen method, the Qapital finance app is here to help you. You can set targets for savings within the app and develop lots of different saving methods that effectively manage your finances.
Prism is a free app that helps you control your finances by enabling you to stay on top of your spending. The application brings together all your bills together in one place by drawing account balances in the app. Then you can pay all the bills from the Prism app. This feature is essential as it helps you get a clear picture of where your money goes each month.
Now that you have the best apps for managing your finances, you’re probably saying, “okay. But which one is right for you?” The answer is it depends. Before picking one of the options, begin by researching to ensure that it meets all your financial goals. Otherwise, you may end up with an app that will not help you meet your financial goals.