Best Person Finance Apps
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13 BEST FREE AND EFFECTIVE PERSONAL FINANCE APPS
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Are you having money troubles? Or you're just finding it hard to keep track of your finances? We've got a solution in 13 ways that make your money troubles go away. Click now to solve your money problems.
INTRODUCTION
Goodhousekeeping.com had something to say about people's relationship with money in one of their financial blog posts the other day. They specifically stated that "A 2018 survey by Northwestern Mutual found that money was the dominant source of stress for 44% of Americans”. The truth is, money would always be one of the crucial sources of stress to human beings as long as we occupy this landmass called earth.
I mean, you never can tell where or when the miscellaneous and sometimes ridiculous expenses would spring from, shredding our hearts into a million pieces. If we're honest, while we make efforts to draw out financial budgets and manage and track our expenses, we don't know the most effective way to go about it. But don’t worry!
Thanks to the best personal finance app on the app market, you can easily manage your finances effectively without breaking a sweat. And no! you don’t need prior knowledge of book-keeping or a background study to deploy these apps effectively.
All you need is the desperation and the zeal to bring orderliness and accountability to every penny that leaves your account. Here are some of the best budgeting apps that'll help you check your spending habits and smash your financial goals. Now, let's get down to these apps.
INSIGHTFUL TABLE FOR THE BEST PERSONAL FINANCE APPS
APP
UNIQUE FEATURE(S)
RATINGS
COMPATIBILITY
PRICING
MINT
Links multiple accounts and cards.
It shows you how much you have left to spend.
App Store: 4.8/5
Google Play: 4.5/5
Android and iOS devices
Free
YNAB
It presents you with ways to manage, save and control your finances.
It uses an efficient technique that helps users quickly settle their debts.
App Store: 4.8/5
Google Play: 4.4/5
Android and iOS devices
Starts with a 34-day free trial. Then Subscription fee of $84 per year or $11.99 per month is charged.
POCKETGUARD
Great for over-spenders as it helps them place a daily limit on their spending
App Store: 4.7/5
Google Play: 3.8/5
Android and iOS devices
Basic: Free
Premium: $34.99 per year
UNIFIMONEY
It is very comprehensive as it opens users to a significant savings culture and various types of investment opportunities from traditional to auto-investing and crypto.
You can also take loans and manage your loan.
App Store: 4.8/5
Only on iOS devices
Free to download and set up an account.
STASH
Great for beginner investors as they can purchase stocks. They can also manage their finance.
App Store: 4.7/5
Google Play: 4.2/5
Android and iOS devices
Three Subscription plan that goes for $1, $3 and $9 respectively. All three accounts come with unique perks.
POCKET SMITH
Great app for predicting the end of your financial decision and where your finances might be
App Store: 3.3/5
Google Play: 3.5/5
Android and iOS devices
Basic: Free
Paid: $7.50 per month
SIMPLIFY
Connects your various accounts in different financial institutions to help determine certain information like your net worth, etc.
App Store: 4.2/5
Google Play: 3.3/5
Android and iOS devices
30 days trial. Then, $3.33 monthly.
EVERY DOLLAR
Perfect budget tool for beginners; it gives them a head start at budgeting.
App Store: 4.8/5
Google Play: 4.2/5
Android and iOS devices
Basic: Free
Every Dollar Plus: $99 per year.
SPENDEE
It helps you keep a keen eye on your spending with the Incoming vs outgoing cash diagram shows how much cash flows in and how much goes out.
App Store: 4.5/5
Google Play: 2.9/5
Android and iOS devices
Basic: Free
Spendee Plus: $1 monthly/ $14.99 yearly
Spendee Premium: $2.99 monthly/ $22.99 yearly.
MVELOPES
Manages your funds with envelopes
App Store: 4.4/5
Google Play: 3.3/5
Android and iOS devices
Basic: $5.97 monthly
Or $69 yearly
Premier: $9.97 monthly or $99 yearly
Plus: $19.97 monthly or $199 yearly.
WISMA
Tracks your everyday spending.
It helps budget your income and bills without needing you to link your accounts, credit cards, etc., to the app.
App Store: 4.0/5
Google Play: 2.9/5
Android and iOS devices
Basic: Free
Paid: $4.99 monthly or $9.99 yearly
ACORNS
Allows you to plan, save and invest with an efficient approach
App Store: 4.7/5
Google Play: 4.4/5
Android and iOS devices
Lite: $1 monthly
Personal: $3 monthly
Family: $5 monthly.
TRIM
Deploy bots as bill negotiator that negotiates your bill with your service providers on your behalf.
It also cancels unwanted or unused subscriptions to help you save more money.
Google Play: 4.7/5
Android Devices
Basic: Free
Premium: 14-day free trial, then $99 yearly
TOP BEST PERSONAL FINANCE APPS
To curate this list and make it very effective, we’ve gathered 13 of some of the best finance apps that’ll help you easily monitor your cash flow and effortlessly track your expenses. Ready to build healthy money management skills? Here’s an easy way to get on track. Let’s dive in.
MINT
We start with this app because there are so many reasons to love it. For starters, as a financial planning and budgeting app that makes it easy to manage your finance. How? You can sync this app with your credit cards, bank and retirement account so that you’d effectively track your expenses and income automatically.
If you’re having trouble with budgeting, leave it all to the Mint app to help you whip up a personalized budget goal for you. It does this by examining your income and spending patterns. The best part? You'll be alerted once you exceed spending limits or when there's been a suspicious transaction on your account. Also, whenever you use the ATM, you'll know if you were charged an ATM.
Trust us when we say that the mint app is a terrific way to know how much cash flows into your account and how much cash flows out and why. Did we forget to mention that it is an entirely free budgeting app? Well, I guess we just said it.
YNAB
The YNAB (You Need a Budget) seeks to help you achieve a healthy financial life with its fantastic budgeting philosophy. Their philosophy enables you to save money and smash your financial goals through their monthly budget plan. Based on statistics, YNAB had helped average users save up to $600 within the space of two months from when they started using it.
Let's talk about budgeting on the app. For starters, you start your financial journey on the app with a default budget category assigned to you by the app. This budget category is to give you a head start. Then, you can modify it to have multiple budget categories that meet your needs. In essence, it comes with the customizable budgets feature.
It gets better! This app also helps you set saving goals, and it tracks your expenses too. There's no room for a dormant dollar as every Dollar has a job; it either works to sort out a fee or save for your future.
But you should know that this app comes at a cost. But first, you get to enjoy a 34-day free trial that doesn't require you to put in your card details. However, mark my words! You'll want to continue with this app after tasting it.
POCKETGUARD
If you’re a lousy spender trying to control your daily spending, then you’ll most likely love PocketGuard. As a budgeting app tool, it will help you set daily spending limits. Once you start to go beyond the set limit, you'll get an alert to caution yourself and suspend the spending for another day.
Wanna know the best part? You can personalize your account by syncing it to your saving and checking account, credit and debit cards, etc. Once personalized, the app shows you just how much you have to spend after estimating your income with the upcoming expense.
UNIFIMONEY
Need a personal finance app that not only makes it easy for you to manage your finance but also has the crypto feature that opens you to the world of crypto investment and many other investment opportunities?
Here you go! Unifimoney’s got you covered. Unifimoney is a comprehensive all-in-one money management tool that opens you up to diverse types of investment opportunities, from auto-investing, traditional investing to crypto.
Here, you stand a huge chance to manage the current income you earn and to judiciously use the money you earn by putting them to good use. With Unifimoney, the average American can genuinely grow their wealth. But you have to be disciplined and let the app do its job.
STASH
Here's the deal with this app. It's both a management and investment tool. However, it's not comprehensive. That doesn't mean it's entirely useless. The app was designed for newbies and greenhorns who have no idea how the world of investment works. With Stash, even newbie investors can easily purchase stocks and invest in other products. You might be wondering if Stash is one of the best saving tools as it seems to be tilting towards investment for newbies.
To answer your worry, Stash also works as an excellent saving app. The practical budgeting tools on the app ensure you can monitor your finances and have healthy saving habits too. Here's the kicker! When you open your Stash account, you'll automatically have a bank account that Green Dot Bank would manage.
Bottom line- your money is safe with Stash. You get to save and earn extra cash from the investment opportunities on the app.
POCKET SMITH
One of the features of this app that captivated us is its ability to predict your financial future based on the information and data it has gathered. All this app needs to forecast your future finance effectively are your savings, investment, checking account, etc. It would also alert you on the possible outcome of some of the financial information.
Here’s the kicker! If you’ve got a foreign account, pocket smith easily integrates with it so that you can also access and check the balance on your foreign account. Of course, the app would present the ratio in the local currency of the country rather than display it in dollars.
SIMPLIFY
If you’re looking for a much easier method that is effective in expense tracking and helps you organize and control your multiple bank accounts, Simplifi is your best bet. Its specialty is to connect to the numerous account you have across a lot of bank institution.
As a result, you would have access to certain precise information about your finances. You'll readily know things like your net worth, your spending habits and patterns, etc.
This app helps you attain specific financial goals like buying a house or getting out of debt. But the app won't influence your credit score.
EVERY DOLLAR
As a newbie to financial budgeting, you've most likely heard a lot of experts scream about how important it is to budget and plan your finances. However, you've not gotten down to it because it mostly seems like rocket science to you. Well. Here's an app designed for businesses to help them simplify the financial planning and budgeting phase.
Using this app is as easy as punching in your monthly income. Then, watch as this app conjures up a practical monthly budget template by giving every Dollar a task to do for the month. It would also help you set spending for the month. You can edit it to include your monthly spending limits.
SPENDEE
Although the average American can’t afford to have a personal finance advisor that renders advice on the best financial decision users can make with their money, it also tracks where your money goes to monthly.
As cash flows in and out of your bank accounts, the Spendee app monitors where the money goes so it can inform you. This way, you'll be accountable for where your money goes.
With an incoming versus outgoing diagram, Spendee enlightens you on whether or not you’re spending more than you’re earning. Then, it helps you coordinate your spending by granting you the liberty to whip up different spending categories with a budget for each.
MVELOPES
This personal finance app, like its name, deploys the envelope technique when it comes to budgeting your income. Here's what I mean. Your income is split and put into different envelopes that represent a budget category. For instance, you have' envelope' instead than in other apps where you have budget categories. Hence, there'll be the 'hair' envelop to take care of purchasing wigs and weaves, and there'll be the 'gas' envelope to buy 'gas' etc. Meanwhile, the app pre-sets these envelopes.
So, once you link all your accounts, credit cards, etc., to this app, you need to split your income and put them into these different envelopes. Right before you spend your money and after you spend it, Mvelopes stands by you as a friend that never stops encouraging you to manage your income nicely.
WISMA
The first info you'll probably find interesting is, WISMO is the acronym for the phrase 'What I Spent Money On.' If you don't like the idea of linking your personal information to a budget app, then WISMO is for you.
It doesn’t require you to link your personal information, bank accounts, credit cards, etc., to the app to help you manage your finances. All you need to do (if you choose not to link your information to WISMO) is add your income and bills to the app. Then, the app carries it into the following months till you make an update.
Regarding tracking your daily spending, you need to take a pic of what you bought and input the amount you spent and viola. Keep at it, and you'll get a detailed spending report at the end of the day and spending over time.
ACORNS
If you're part of the younger populace and need to save more and become a passive investor, then Acorns is for you. As a student or young person seeking ways to plan your finances and still make money, Acorns help you save and invest in bits.
You do not need a massive sum of money to invest in this platform. All you need is a small initial amount of money, then a consistent, monthly small amount of money to grow your investment and money.
Another thing- Acorns earn helps you earn on the app. You need to use the credit or debit card linked to your Acorns account at a retailer that's also a partner retailer with Acorns. Viola, the retailer, would have to invest a small token in your Acorns investment account. It’s that easy. It also has a lot of educational content that earns it a seat on the list of educational tools on the market.
TRIM
The Trim app, Trim Savings or Ask Trim, offers juicy assistance that you probably never thought you needed. Aside from being a regular money management tool, it goes as far as helping you cancel unwanted subscriptions that affect your finances from huge to subtle. It also helps with bill negotiation.
Trust me when I say you've probably never seen a sound personal finance tool like this app. With the professional use of Artificial Intelligence, Trim manages your money in ways you never imagined you needed, leaving a broad smile on your face at the end of the day.
Want to know the best part? There are two versions of the app. There is the free version and the premium version that grants you access to more features.
CONCLUSION
Personal finance apps are beneficial, especially in this day and age where it's becoming increasingly difficult for the average individual to manage their account effectively.
As a result, to make the best out of your income, you need to effectively manage it in ways that help you grow your savings and opens you up to investment opportunities that can improve your finances.
With this list of unique best personal finance apps and a large hint of discipline, you can increase your net worth in no time.
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