We all know how tedious managing our money can be. From tracking every dollar spent to poring over checkbooks, money management is boring, overwhelming, and stressful. However, it does not need to be. Today, there are hundreds of mobile-apps that are able to do the financial dirty work for you. Below is a rundown of 6 critically-acclaimed personal finance apps:
Mint.com Personal Finance
Mint is a free app that allows you to track, budget, and manage your money in one convenient location, providing a sleek and simple design that shows you where you are spending and where you can save. The app lets you add many different accounts such as bank, credit, loan, and retirement, just to name a few.
Mint creates a starter budget for you that is based on your personal spending history which you can easily add to and customize. It also has a bill reminder and alert tool that ensures your bills are paid on time. Mint is available for download on iOS and Android devices.
Personal Capital offers its users easy-to-understand charts and graphs of personal income, spending, and investment performance that help for easy money monitoring. The straightforward app is able to track investments by account, asset class, or individual security.
It also includes an investment checkup feature that analyzes your financial portfolio and shows how much you stand to gain with a few choice changes. Personal Capital is available for free to download on iOS and Android devices.
Level Money is a free app that acts like a mobile-money meter, providing its users with an easy way to track daily cash flow. With an uncomplicated interface, it allows an at-a-glance way to monitor your budget, importing data from multiple accounts from more than 100 U.S. banks. The app automatically detects things like fixed expenses, and in just one screen, you are able to see how close you are to hitting your budget limits on a daily, weekly, and monthly basis (also read 5 Easy Financial Planning Tips for 20-Somethings).
For example, on Day 1 of each month, the app “fills up” with your estimated income (which is based on personal spending history) and subtracts recurring bills and any savings rates; any remaining money is what you have to spend. Level Money is available for download on iOS and Android devices.
Budgt is an app that lets you create your own financial categories as well as input your own expenses. It provides a straightforward way to track your spending. It also included a travel feature that can enable automatic currency conversions when traveling abroad. Budgt will not link to bank accounts, so it is better for day-to-day budgeting. It costs $1.99 and is available for download on iOS devices.
With a simple interface that will not overwhelm its users, Spendee is an app that allows you to see where the bulk of your money is going through an easy-to-peruse summary page. It also groups your expense into larger, more helpful categories like entertainment, car, family, personal, etc. Spendee costs $1.99 and is available for download on iOS and Android devices.
Manilla is a free app that is able to display account balances from banks and credit cards as well as Groupon accounts and travel rewards programs. You are able to see what you owe or what points you have accrued (and when they expire) from more than 3500 businesses and services. The app also sends you push notifications to let you know when a bill is due. Manilla is available for download on iOS and Android devices.
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