Budget Apps and Personal Finance Tools: Smartphone Apps have made life simple. It gets some of your major tasks done over just a few clicks. This also applies to your world of personal finances and budgeting. There are several such applications that help you manage your finances & budget, quickly and yet more efficiently. It also aids you in making rational investment decisions.
But of course, it’s always a tedious task to pick one apt app from a pool of them that’s available in the market. And hence, here we present you 7 best budget-related applications and personal finance tools that you can pick from on the basis of your preference & requirements.
Top Apps and Personal Finance Tools
The set of these finance-related applications comes loaded with features like making online bill payments, keeping a check on your bank account, setting a reminder for payments, et al. And hence, they are meant to make your life hassle-free from all those previously-manual-financial activities. The cherry on the cake is that most of these apps are free of cost. Check
Mint is one of the most popular and oldest applications in this segment. It comes with a set of features, which help you in keeping a track & managing your bank transactions, credit card issuers, brokerage firms, lenders and other financial institutions.
Owned by Intuit, this app automatically updates and categorizes all your transactions. Hence, it provides a real-time picture of all your expenditures and also sends you push notifications for all your due payments, along with warning messages on crossing your set budget limit.
It intelligently uses information from the listed accounts to suggest budgets for you based on your spending pattern, and further classifying them into categories such as entertainment, shopping, investment, etc. It also provides a free credit score to its users.
This must-have financial application is available on both the platforms viz. iTunes & Google Playstore, respectively!
One of the best app to keep you from overspending! PocketGuard links all your financial accounts and tracks your expenditures vis-à-vis your monthly budget. One can also link their savings bank account to track their daily expenses in regard to their income.
It sends-off the notifications on the money left ‘In the Pocket’ for the respective day/week/month. One can deep dive by categorizing their expenses like groceries, clothing, bills, eating out, etc, for a better understanding of their expenses.
This easy-to-use and futuristic application are available free of cost on both the platforms viz. iTunes & Google Playstore.
One of the easiest apps to navigate, Wally is meant for those who like their monetary transactions systematic and organized. Through the Wally app, one can track all their personal expenses and access reports of the same.
The app also lets you upload pics of receipts and thereby cutting short the time of filling up forms. One can also activate the geo-location on their phone, and it will automatically take up data to fill up the forms for them. Favourite among millennials, this one is available on both the platforms, viz. iTunes & Google Playstore for free.
Wally supports almost all foreign currencies. Hence, is the favourite one amongst users outside the United States.
‘You Need A Budget’ or ‘YNAB’, as it is popularly known as, is a robust app for some serious budgeting and financial planning. One can either manually enter their expenses on the app or just sync it with your bank accounts for automatic updates. One can also categorize the expenses on YNAB and allocate your funds, accordingly.
Apart from being available on both the platforms, viz. iTunes & Google Playstore, YNAB is also available on Amazon Alexa. One can also access it on a web browser. A 30-day free trial of the same is available on iTunes and a 34-day one on Google Playstore.
Quite popular as an investor-friendly app, Personal Capital is a smart way of tracking and managing all your financial activities. It comes with an award-winning financial tool that gives a dynamic view of your net worth. The app also has a money tracking dashboard, along with some great & free budgeting features.
The app is known for optimizing the users’ investment strategies. The investment checkup tool of this app analyses the asset allocation in a user’s investment account and recommends a target allocation, accordingly. It also offers a retirement planner.
Apart from being available on both the platforms, viz. iTunes & Google Playstore, Personal Captial can also be accessed through a web browser on your mobile/desktop.
A simple yet powerful app – Goodbudget helps you to see a breakdown of your money flow and helps you gain control over your funds. Erstwhile, Easy Envelope Budget Aid (EEBA); this app is a perfect one for couples who wish to do their budgeting together.
It uses the philosophy of envelope budgeting system, which saves your money for the expenses that you actually need to pay for against the one that you end up splurging over on meaningless stuff.
A basic plan is available to one and all, while one needs to pay $6 monthly or $50 annually for a Plus Plan.
Albert app acts as a personal assistant for money management. It’s an all-purpose app with a multitude of features for budgeting, savings, and debt reduction. It’s backed with a specific algorithm, which decides how much you can safely save on a monthly basis.
And then, automatically transfers the respective amount into the ‘Albert Savings’ – a feature of the app. The funds accumulated in this Albert Savings can be withdrawn at any time without any fees. Moreover, the account is FDIC insured up to a balance of $250,000.
Though this app is available for free, a paid premium service named ‘Albert Genius’ is out for a subscription fee of $4 monthly. The paid app allows subscribers to seek guidance from the financial experts for their money-related concerns. ‘Albert Genius’ also rewards users for saving money.
Tallying-up the Article:
Now that your financial world is also sorted by futuristic technology, like every other thing in your life, we’ll like to wish you a wealthy financial life ahead! Just scroll through the above list and pick the one that goes the best with your requirements. Also, feel free to share your feedback with us. Last but not least, do spread the article amongst your people and get their finances sorted too!