10 Helpful Money Management Apps
Keeping up with your finances can be a daunting task. Fortunately, Smartphone technology has enabled us to use our phones for more than just calls; they have become our responsible pocket ally thanks to the many money management apps available. Once you have a reliable money management app, you can calculate any existing debt, make payments, manage daily expenses and see reports of purchases that are doing more harm than good. Yes, I’m talking about those unnecessary trips to Target…
DollarBird Helps You Organize Daily Expenses
With this free tool, Android and iOS budgeters are able to organize their day-to-day expenses. Based on the Smartphone calendar, DollarBird allows you to enter an initial attainable budget, and as the daily expenses are recorded the money is discounted.
To stay even more organized, this app offers you the ability to create different labels (Food, Debt, Rent, Leisure, etc.) so by the end of the month, you have a more precise analysis of where you spent more money and how to do a little better next month.
Expensify Helps Allocate Business Transactions
With this app, you can combine personal expenses with business expenses and generate an approval-ready expense report. Not only can you make reports quickly, but Expensify also gives you a seamless and straightforward system that utilizes labels, so you can identify each expense with ease. You can also add comments and sync credit and debit card information.
Financial Calculator Makes Adding Simple
Even the simplest inventions prove valuable in 2017, and especially when it’s in app form. If you’re not really looking to record your daily expenses or manage your bank accounts, Financial Calculator could be your app. This tool can help you do some quick adding or figuring out how much you should tip. This app pairs nicely with a more robust money management app.
Available for tablets and phones, this application offers you an extensive collection of calculators. Traveling? You can even get currency exchange information.
Fintonic Keeps Track of How You Spend
Fintonic is an app that was awarded by Google as the best finance app at the Start-Ups Mobile Innovation 2015 Awards. This app, aimed at Spanish-speaking budgeters, helps you keep track of what your daily expenses are, your income and most importantly, what you spend your money on.
Once installed, all you have to do is enter your bank account(s), and tell the application what to monitor. The application will organize your daily expenses and let you know what your attainable budget should be based on what you’re already spending.
iSpend – Monthly Expense Tracker
This is a great app when it comes to organizing personal finances for free, but iSpend is exclusive for Android. The simplicity of its design makes it one of the most effective applications for users. It allows you to organize the expenses by categories; you will receive daily, weekly, monthly or annual summaries that allow a fast interpretation of your spending habits.
Mint Reminds You How and When To Cut Back
With 20 million users, Mint has been positioning itself for several years as one of the best ways to manage your cash flow. You can get reminders on upcoming bills, and you can even make a comprehensive but attainable budget.
With an interface that’s perfect for tablets, it also automatically tracks your daily expenses and shows you in graph form where your money goes. You can target your economic goals and let the app keep tabs even when you’re offline.
MoneyWiz Has Multifunctional Expense Features
MoneyWiz is one of the most valued when it comes to monitoring daily expenses. It has a number of features, the main one being its multi-platform ability, which allows it to be updated from anywhere.
MoneyWiz gives you a detailed report of the daily expenses incurred and allows you to compare them with other months. You can point out automatic payments and assign an alarm to them so you remember days before they withdraw from your account. It also allows you to keep track of expenses incurred with credit cards and other payment methods.
Monefy Is In Sync With Your Money
It’s possible that you’ve always been a little weary about linking your bank account to money management apps. If I hit a nerve, you can depend on the privacy Monefy offers you with a very similar concept, but you’ll have full control over where the app is gathering all of your expenses.
The application is very intuitive and allows you to record your expenses quickly by adding categories. Then these will be shown in graphs, schedule periodic reports, make budgets and even plan a backup attainable budget. You can use it between your multiple Android devices and sync your data with Dropbox.
Next Keeps Your Attainable Budget in Mind
Thanks to its minimalist interface, this app allows quick access to your spending habits. Its main features do not differ from those offered by any of the applications mentioned above, although one of the disadvantages with it could be that it only records all daily expenses that are generated throughout the month.
Wallet Helps You Manage Your Debt
Wallet is seemingly equal to others, but it places a special emphasis on the cloud and its cross-platform functions. This application not only has support for Android and iOS phones and tablets but can also be accessed from the web or even from your smart watch.
Otherwise, the application offers multi-currency support, PIN protection, account synchronization, expense and revenue tracking with graphics, and receipt and warranty management. In addition to their straightforward free version, Wallet also offers paid premium features, including one for couples and one for the whole family.
Managing money is never an easy task, especially when you’re just starting out or simply trying to get out of a pool of debt the smart way. Having an app is only the beginning but if you’re looking for a way to cut costs and maximize your money, finding a local and reliable credit union could be the very next step you need to take. With low interest rates for students and even first time home buyers, having a credit union as opposed to a bank could be the next best decision you make with your money. Good luck!
Lakecia Hammond is a freelance writer and creative based in Atlanta, raised in the Pacific NW. Her writing has been featured in Bustle and Odda Magazine.