The best apps to manage your money

For those of us with smartphones, money management is simpler than ever before. Since the proliferation of viable money management tools, there’s no longer any reason not to properly handle your hard-earned cash.

Everything we do in life is influenced by money, so it’s essential to manage it well. The programmes and applications outlined here will help you in getting that done. If you want to perform some activities (such as making a budget) or get a snapshot of all of your finances, you’ll probably find something that fits your needs here.

Below is a list of the eight best apps to manage your money, covering just about any shopping scenario you may encounter.

Mint

This app is free and widely respected and ranked. The TurboTax makers developed it. Mint will help you with various financial tasks: budgeting, monitoring spending, paying bills, and keeping an eye on investments. It lets you connect all of your accounts like banks and providers of credit cards.

Mint gives you a simple rundown of your finances, which you can place in the form of a widget on one of your main screens. Your current cash balance and your credit debt will appear on the screen. It will even show you the last time your information has been updated, so you can be sure you are looking at the latest news.

After you have set up a monthly budget, you can access it in the app to ensure that you remain on track for the month. Mint is very good at understanding how to categorise the transactions for budgeting purposes. If it doesn’t know how to classify a transaction, it will let you know.

The app also sends you reminders about various things, like the availability of big deposits, what bills are due over the next few days, etc. With this app, you can get a very general image of your investments. You’ll be satisfied with this app if you only want to know the balance of your accounts.

Personal Capital

Personal Capital is usually one of the favourite resources for money management. Plus, it’s free of charge. Tracking your spending, controlling your cash flow, and checking your 401k, IRA, and other savings. Financial Capital also comes with the Apple Watch and a free smartphone app.

When you connect up your bank account, credit cards, and investment accounts, it will review your accounts and provide you with a wealth of knowledge right at your fingertips, including your net worth.

You Need A Budget (YNAB)

This app gets famous in 2013 after it was named the most popular personal finance app by Lifehacker readers. The app was created to help people adhere to spending caps by physically separating their cash into envelopes marked with various spending categories, based on the envelope process. The YNAB Personal Finance App makes this process digital by linking to your bank and monitoring your expenses. It also enables you to see how close you are to meeting your spending limits in each category.

The app will evaluate your expenditures and include advice about how to improve your financial habits and meet your financial goals, in addition to budget monitoring. You Need A Budget also provides a variety of tips on subjects such as debt payouts, streamlining finances, and creating an emergency fund.

P2P Lending

Managing your budget will help save some money but it won’t help grow your wealth. One way to try and improve the financial situation is by investing on a regular basis. P2P lending is one of many ways to create a monthly passive income. It’s possible to earn up to 10% annually by investing in well-known lenders with a proven track record. Head over to P2P Empire and learn how they plan to make money with P2P lending

Clarity

Remembering all of the applications and services that draw funds from your account every month can be hard. Clarity positions the burden of monitoring anything in one place. The spending breakdown is perfect for looking at the bigger picture. 

GoodBudget

An envelope budgeting programme that has gone digital is this straightforward looking device. The software synchronises your budgets between you and your partner or someone else you wish to include, and it makes management of the family budget useful.

GoodBudget lets you track financial targets, such as saving up on a home down payment. This enables you to track your progress easily as you work towards those goals.

In this budgeting app, you need to transfer money over from another segment to cover the cost when you overspend on one “envelope”.

GoodBudget comes with two separate choices that are tiered. The free option gets you ten regular and ten “extra” envelopes, one wallet, two-device access, and one year of expenditure history. The updated version has unlimited envelopes, unlimited accounts and syncs through five platforms. It provides you with five years of history of spending.

Acorns

Are you aware that saving some of your money is wise? It’s easier said than done, though. Instead of trying to find the right investment options, let Acorns help you out to do lots of transactions.

It uses the spare change you collect during the day and invests it into a diversified portfolio of shares (a mix of stocks and bonds you own). Or, save on retirement directly by using an IRA recommended for you only. Using as little as £1/month over computers.

You can be as cautious (low risk/low reward) or non-cautious (high risk/high reward) as you wish when investing with Acorns.

Bluecoins

Bluecoins lets you schedule and sticks to a budget while providing warnings and reminders so that you can stop paying a bill or over-drafting your account. You can conveniently synchronize data through various platforms, configure your budget, and get a full picture of your cash flow and net worth and exportable financial reports. The streamlined nature of the app makes navigation enjoyable and straightforward, and their search engine makes it easy to find any transaction you have ever made.

Dollarbird

This is a fantastic app if handling cash flow is your primary concern. You will be informed that you have plenty of money to cover your expenses over the month. But maybe you’re dealing with just when those expenditures come out.

Dollarbird provides you with a calendar view of when the expenses are due. For an at-a-glance view of what types of products are due, you may provide colour coded transactions. Dollarbird will give you a forecast balance after you upload all of your ongoing expenses and bills into it. This way, at any given moment, you can know how much you can comfortably invest.

There are currently over eight secure money management apps on the market. In addition to some newer or lesser-known devices with unique functionality, we featured our most consistent ones.

The editorial unit