One of the major stressors on Americans is finances. Thanks to mobile technology, there are plenty of personal finance apps out there to help the average person control their finances. With these apps, anyone can track their expenses, budget their income, plan for retirement, set savings goals, and more! Here are some you may want to try.
By far, the best financing app is Mint. It syncs your bank accounts, credit cards, investments, and bills so that you can track and analyze spending, pay bills, set budgeting, request a free credit score, receive alerts, and keep tabs on your stocks. Notably, it features a renaming system so that coded accounts show up as the actual names. It also categorizes your spending so it can accurately report your finances. It’s widely available on all devices.
Qapital allows users to manage their bank accounts by focusing on savings goals. Users can set minor goals like rounding up your purchases to the nearest dollar so that you put a little in savings with each purchase, like a piggy bank! Qapital is so focused on saving you money, it doesn’t charge you any…not even interest! It’s available for iOS and Android.
3. Budget Boss
Budget Boss isn’t just about budgeting; it’s about the future. It allows users to visualize their expenses in short terms and long terms so that users can create budgets with the future in mind. It’s not as visually appealing as others, but it’s fantastic! You can download it for iOS.
Another budget app called Pennies provides users the opportunity to budget for a variety of events or plans, long-term or short-term. Its value rests on its user-friendliness and use of color so that users easily identify how they’re doing on their path to saving! Hint: Red is bad! It’s only available on iOS.
Though it limits your activity, PocketGuard is useful in that it allows you to view and analyze your finances. It’s not a hub in which you can pay bills or send money. The encrypted PocketGuard takes your spending habits to tell you what you can safely spend without going over your limits. You can download the app on all platforms.
Stash makes everything simple for users to invest, no matter where they are in understanding stocks and trade. The app helps you learn if you want so that you can wean yourself and invest on your own at any time! Start your investment with $5, and watch your funds grow. It’s available for web, iOS, and Android.
Cost: Free to download and for the first month, $1/month Invest accounts, $2/month for Retire accounts, 0.25% per year once account reacher $5,000
Each app has its own purposes, strengths, and weaknesses. It’s important to find what you need most. Usually, apps aren’t as good as a personal accountant, but they’re good enough to get you started on smart finances.