It can be quite stressful to manage finances and juggle all the other things you need to do in your everyday life. Your financial health is affected with the financial decisions and activities that you make for now and the future. You’d have to keep in mind a lot of things – budgeting, spending, saving, investing and even retirement planning.
It used to be quite challenging and tedious to do all these, to keep track of your financial activities. Just think of all those paper bills, receipts and calculator you need to manage it all. Well, that’s what our parents used to do when there wasn’t the technology that we’re now enjoying. Nowadays, mobile apps can make these chores easy and fun. They are making it a whole lot easier with just a few swipes and banking and managing money just keeps getting easier.
Personal finance apps help us with reminders, paying bills, keeping an eye on our account balances and staying within our budget. Some apps like Mint can even consolidate all your transactions across multiple bank accounts and credit cards in just one view. Convenient, isn’t it?
There are tons of personal finance apps available on Google Play and the Apple Store, it can also be quite challenging to find an app that does it all but what are the best personal finance apps for your specific needs?
Here we go over according to budgeting, saving and investing:
If you have a budget but you can’t seem to stick to it or maybe you’re new to analyzing your income to budget in a month, this app can help you stay on top of your spending.
The most popular app for budgeting. As what was mentioned earlier, Mint can integrate all of your accounts in just one place so you can view it all and see which areas you’ll need to focus on improvement.
Once you’re able to set a budget, it’s time to start saving. This app is so sneaky in a good way, you won’t even notice money missing from your account – until you see your savings balance.
This helps you save money that you haven’t realized you actually have. It scans your income and spending patterns then it transfers a small amount of savings that you won’t necessarily need to a separate account that it manages for you. Digit can help you discover and save money that you would have spent elsewhere.
It doesn’t matter if you’re a newbie in investing or you’ve been around for years, you can get a reputable investing app that can get your money working for you too.
This is an investment app that helps you invest your spare change into low-cost ETFs. It rounds up your purchase to the next dollar and invests the difference into a portfolio of your choice. If you’d rather invest in a lump sum, you can also do that here.
Now that you have your budgeting, saving and investing game covered, it’s also important to stay on top of your credit history. Credit Karma can give you constant access and monitor your spending patterns.
Personal finance apps can provide you up-to-the-minute details to help you make better decisions to be on top of your finances and perhaps the most important – makes you access this information anywhere at any time.