Managing your money is a significant factor in your lifestyle and your future financial success.
However, money management has become much easier lately, thanks to a handful of money saving apps that literally put your finances at your fingertips.
Money management apps are convenient to use because they’re designed to clearly track your expenses. You can also connect your bank and credit card accounts to get complete, mobile control over your finances. Tracking your expenses judiciously helps you save a substantial amount of money, and helps you get an idea of overspending so you can get better control over your money made and spent. These apps give you a clear picture of where exactly your money is going, and helps you take calculative measures to control your expenses.
In today’s day and age, if you are looking to get an in-depth insight into your finances, Money saving apps can be your guide. The following are the most important reasons why money management apps are useful:
● You can get real-time information, irrespective of where you are.
● With alerts available on financial apps, you will never risk a late payment.
● Your budget calculates, and updates automatically in all the required areas.
● You can make transactions with the help of your smartphone, including money transfers, automatic bill payments, receive money, and other financial activities.
Money saving apps are very similar to hiring a personal financial advisor. They not only help you track your finances, but also provide substantial information on money matters, and educate you about the latest trends in the financial market. Some of the best financial management apps are:
1. Mint
Mint is, by far, the best app for managing your money prudently. It’s known for its speed, reliability, and detailed information with real-time views. It’s an all-in-one app used to create a budget and track your spending. It also suggests monthly spending limits, and analyzes your spending habits based on your financial history. Mint is a great app to connect all your bank and credit card accounts in one convenient place.
2. GoodBudget
GoodBudget is a trustworthy budget app that is based on the envelope budget system, where you can specify ways to spend and save your money. The app has a free membership and paid membership options, suited for different and specific uses. It provides a clear indication of the balance, and transactions get saved in the app’s account.
3. BillGuard
BillGuard is a well-known personal finance app. It scans your debit and credit card transactions through a series of user feedback, financial data, and built-in algorithms. It’s a great app that alerts users in case of possible scams, billing errors, fraudulent charges, and hidden fees.
4. The Birdy
The Birdy is a simple, and user-friendly app that helps you keep track of your finances by sending emails every day. This flexible money tracker lets you track your finances without sharing any banking information.
5. Expensify
If you are looking for an app that automates your complete expense management process, Expensify is the go-to app. You can upload and generate receipts from online sales, create expense reports automatically, and download them too. You can create receipts, and permit financial teams to approve and export reports. Its ability to seamlessly integrate with a few other financial applications, is its USP.
