Top 5 Apps to help you manage your money better
When it comes to managing your money, there are tons of apps out there that can help you do it. But with so many to choose from, it can be hard to know which ones are the best. That’s why we’ve put together a list of the top 5 apps for managing your money, so you can pick the one that’s right for you.
1) Mint
Apple Store | Google Play | Website
The Mint app is a personal finance app that helps you keep track of all your money in one place. It’s like a virtual piggy bank, but for grown-ups!
When you sign up for the Mint app, you link all your bank accounts, credit cards, and investments to it, so you can see everything in one place. You can also set budgets for different categories of spending, like groceries or entertainment, and see how much you’re spending in each category.
One of the cool features of the Mint app is that it will automatically categorize your transactions for you, so you don’t have to go through all your transactions and figure out where they belong.
Another feature is the bill reminders. You can tell the Mint app when your bills are due, and it will remind you before the due date. That way you’ll never miss a payment and get charged late fees.
It also gives you a free credit score check and some suggestions to improve it and also allows you to track your investments and net worth
You can also see your financial history and trends to understand your spending and income habits over time and make adjustments accordingly
Overall, the Mint app is a great tool for helping you stay on top of your money and reach your financial goals.
2) PocketGuard
Apple Store | Google Play | Website
The PocketGuard app is a personal finance app that helps you manage your money. It’s like having a little helper that sits in your pocket and keeps track of how much money you have, how much you’re spending, and where you’re spending it. The app is designed to be easy to use, even for people who aren’t great at math or aren’t experts on money management.
One of the main features of PocketGuard is the ability to connect to your bank and credit card accounts so you can see all of your transactions in one place. This means you don’t have to log into multiple apps or websites to see your balance or check your transactions.
Another feature of PocketGuard is the ability to set budgets for different categories of expenses like groceries, gas, or entertainment. The app will help you stay on track with your budget by showing you how much you have left to spend in each category, and it will even alert you if you’re getting close to overspending.
PocketGuard also has a feature called “In My Pocket” which helps you save money by identifying any subscriptions or recurring payments you might be forgetting about and suggesting ways to cut back on those expenses.
Additionally, the app has a simple and easy to use interface with colors that indicate if you are over budget or under budget, it also has a feature to track the bills so you never miss a payment again.
Overall, PocketGuard is a great app for anyone who wants to take control of their finances and start saving money. It’s easy to use, it’s free, and it’s packed with helpful features that will make managing your money a breeze.
3) You Need a Budget (YNAB)
Apple Store | Google Play | Website
The You Need A Budget (YNAB) app is a personal finance app that helps you manage your money by creating a budget. YNAB is different from other budgeting apps because it focuses on teaching you a specific method for budgeting, called “The YNAB Method”. The main idea behind this method is to give every dollar you earn a specific job to do in your budget.
Here are some of the features of the YNAB app:
- Budgeting: You can create a budget by inputting your income and expenses, and assigning every dollar you earn a specific job in your budget. This helps you plan for the future, and make sure you have enough money for important expenses.
- Track Your Spending: You can link your bank account to the app, so you can see all your transactions in one place. This helps you see where your money is going, and identify any areas where you may be overspending.
- Reports and Graphs: You can see how you’re doing with your budget by looking at different reports and graphs. This will give you a clear picture of where your money is going and what you need to do to get back on track.
- Goals: you can set financial goals for things like saving for a trip, buying a new car, or paying off credit card debt. The app will help you figure out how much money you need to save each month to reach your goal and then track your progress.
- Mobile App: You can access the app from your smartphone, which makes it easy to keep track of your budget and spending no matter where you are.
- Support: The app comes with support from the YNAB team. They have a lot of resources available like videos and webinars to help you master the app.
Overall, the You Need A Budget (YNAB) app is a great tool for people who want to take control of their finances by creating a budget and sticking to it. The app’s unique method, budgeting feature, and support resources give you everything you need to master your budget and achieve your financial goals.
4) Acorns
Apple Store | Google Play | Website
The Acorns app is an app that helps you save and invest your money. It works by connecting to your bank account and rounding up your purchases to the nearest dollar. So, let’s say you buy something that costs $3.50, Acorns will automatically save 50 cents into your Acorns account. These rounded-up amounts can then be invested into a diversified portfolio of exchange-traded funds (ETFs), which are like a bundle of different stocks and bonds.
One of the cool things about Acorns is that it makes it easy for people to start investing who might otherwise be intimidated by the process. It also offers a feature called Found Money, which allows certain brands to invest money into your Acorns account when you shop with them through the app.
Acorns also has a feature called Acorns Later, which helps you save for retirement by automatically investing a certain amount of money from your checking or savings account into your IRA (Individual Retirement Account). And there’s Acorns Spend, which is a checking account that gives you fee-free ATMs, cashback on purchases, and other benefits.
Acorns also offers something called Acorns Live, which is like a financial news and education center within the app. It has videos, articles, and other resources to help you learn more about saving, investing, and personal finance in general.
Overall, Acorns is an app that makes it easy and simple to save and invest your money, even if you’re just starting out and don’t know a lot about the world of finance. And through its different features, it can help you save for a short-term goal, a long-term goal, or even your retirement.
5) Simplifi
Apple Store | Google Play | Website
The Simplifi app is a great tool that can help you stay on top of your finances and make managing your money a lot easier. It’s a personal finance app that can help you track your spending, set budgets, and plan for the future.
One of the cool things about Simplifi is that it allows you to connect all of your bank accounts, credit cards, and investments in one place. This means that you can see all of your financial information in one easy-to-read dashboard. You can even set up alerts to remind you when bills are due or when your account balance is low.
Another great feature of Simplifi is that it helps you create a budget. You can set spending limits for different categories, like groceries or entertainment, and then track your progress throughout the month. If you’re over budget in one category, you can make adjustments to stay on track.
Simplifi also provides you with a lot of useful financial tools, such as a net worth tracker, which helps you keep track of your assets and liabilities, and a savings goal tracker, which allows you to set savings goals and track your progress.
All these apps are easy to use and have different functionalities, so you can choose the one that works best for you. Remember to always keep an eye on your account and never share your personal information with anyone. Managing your money can be tough, but with the right tools, it can be fun and easy too.
