Money management is what that is trending consistently in this modern society. Some save money to invest in properties or buy something they long to have, while others do so for the education of their children. Easier said than done, managing the finances takes a whole of effort at times, especially for those who can’t stop themselves from buying something. So if you’re one of those searching for ways to manage your expenditures, there’s a good possibility you’re looking for some digitally innovative ways of achieving that goal, perhaps, best finance apps to download.
Therefore, stay on top of your finances with these nifty money apps; available for both Android and iOS devices. They help you with your personal budget, keep track of your spending habits and more, so you don’t have to worry about exceeding your bills! Check out the following compiled list of the 5 best apps that can assist you in managing your finances regularly.
1. Household Account Book
If there was an award for the cutest expense tracker app, Household Account Book would win it in a landslide. Injecting some fun into your usual array of personal finance apps, the app changes things up by using the allure of adorable illustrations and cute mascots.
While the budget book app only comes with basic documentation and comparison functions, its cute graphics will be one way to motivate you to find the fun in budgeting. Perhaps this is also a good way to introduce simple financial planning to children, especially with its built-in comic that gets revealed the more you use the app.
As you add more entries, you’re rewarded with access to Household Account Book’s comic stories that feature the app’s titular characters! This ensures there’s a constant flow of motivation; keep track of your finances so you can keep up to date with your favourite money-smart characters!
Goodbudget is based on the envelope system, in which you portion out your monthly income toward specific spending categories. The app allows multiple devices to access the same account, so partners and family members can share a budget. Unlike other apps, Goodbudget doesn’t have you sync bank accounts. You manually add account balances (that you can pull from your bank’s website), as well as cash amounts and debts. With accounts and income entered, you assign money toward spending categories, known as envelopes.
Perfect for families and couples, this app allows you to sync across multiple devices. This means you and your spouse can set up a common budget, and update it as you spend. Simply allocate a budget for categories like car insurance, handphone bills or groceries for easier tracking.
YNAB, which stands for You Need A Budget, stands as a good candidate for those who want to calculate their finances down to the cent. Instead of choosing one or the other, this app lets you match synced transactions to the ones you entered yourself so you have the accuracy to plan from your balances. If you’re keen, check out their budgeting method, which only operates on four rules and is said to have saved new users quite a large sum of money.
To say Wally has many features would be an understatement. It’s quite a powerful budgeting app with a slick interface. Insights and Highlights break down your spending and income into manageable data, taking this app beyond a simple finance tracker.
This app is great for beginners, with an easy-to-navigate interface and pleasant design. Track exactly what you spent on each day, from that morning coffee to taxi fare, and its InstaScan feature lets you save a digital copy of all your receipts.
Zenmoney is arguably, the smartest expense tracker app here. It can automatically make transaction entries based on incoming text messages, which will save you tons of time. The app also encourages users to save by showing the accumulated amount that you have saved, and if you would like to transfer that amount to your savings account.
Zenmoney is also able to predict future expenses based on your spending habits, which is pretty impressive. Zenmoney covers all the essentials you need in managing your finances as a family, and allows for everybody to log in and enter data, and with convenience. Not only can you monitor your budget in personal and joint accounts – this app recognises text messages and creates transactions for you’re entitled to clear and fuss-free budgeting – and even demonstrates self-learning by correctly assigning your income and expenses. Plan your payments, predict your expenses and set aside cash with your overview of money across the board (cash, checking, credit cards, loans, bills, deposits) and see yourself cutting back on your costs comfortably.
Finally, it can be better to select apps where you don’t need to give access to data on your phone, so that you can have more control over your privacy. Whichever apps that you select at the end of the day, the key is to use them and get on track towards a smarter budgeting future and to achieve financial freedom in time to come.
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Written By: Shawn