Modern technology has afforded us a lot of conveniences. But did you know that nowadays, there are apps that can actually improve the way you manage your personal finances? Let’s take a look at the best mobile apps you can use so that you can stay within your budget:
This app works on iOS and Android devices and it gives you all the essential tools needed to manage your finances – including your earnings, saving, budgeting and spending. You can sync all your financial accounts in Mint – from savings accounts to mutual funds and even your IRA. This free app is truly amazing. It shows you your real time cash flow and gives you a list of all your transactions. You can also see your monthly budget, account totals and credit score.
As a bonus, Mint also looks at your spending habits and helps you see areas where you can possibly save.
This app works on Android and iOS devices and it’s free to use. Level Money works like a simple budget tracker that also syncs your credit card and bank accounts so that you will know how much you can afford to spend for the month, week or day. It estimates your income, tells you how much to set aside for savings and evaluates your bill expenses.
Here’s another free app that’s really useful in budgeting and monitoring your finances. Billguard will go over your credit card statements and report any unwanted or suspicious charges. It even flags retailers and merchants that charge for products/services you didn’t request or have not been using. This app is the perfect tool to oversee gray charges so you don’t have to check every charge yourself and protect yourself from fraud. It also shows you your spending habits and lets you know your total spending and balance. It works for iPhones and Android devices.
You Need A Budget
This aptly named app is quite popular among budget conscious individuals and those who need help tracking their finances. It works on desktop computers and now it can be downloaded as an app on your iPhone or Android phone. You can sync your budget details from across all your devices and enable you to view your spending budget and other financial data even while you’re on the go. But to be able to make full use of this app, you need to have both its desktop and mobile versions.
GoodBudget is perfect for those who want to create a cash flow based budget and it follows a system that works pretty much like putting a set amount of cash to real envelopes every month – similar to what mom and pop did in the old days. The Envelopes system will enable you to understand your budget and spending habits, and you can also choose specific time frames and choose a start date.
Pocket Expense only works for iOS devices and it tracks your expenses, creates budgets and gives you an idea of your spending. It doesn’t sync your bank accounts so you need to manually enter every transaction. But for those who worry about linking their bank accounts, this app is certainly the right choice. You can also add additional accounts and it will tell you the breakdown of your spending daily, weekly or monthly.
There are other more comprehensive apps out there but they cost at least a few dollars each. If you just need a budgeting app that will help you manage your personal finances, any of the aforementioned apps should do just fine.