Top 5 Mobile Apps Which Can Help With Finance Management

Do you face problems when trying to manage your personal finance? Are you struggling to figure out where the money goes and how to make ends meet?

In case your answers are positive, you should definitely try and find a surefire way to solve financial difficulties. Remember that you are not alone in this process because reports reveal that:

The stats clearly represent a warning sign, but how can you improve your financial management skills and results? The answer lies in specialized mobile apps, so keep reading to see the top five tools you can use to strengthen your personal budget.

1.      Wally

The first item on our list is Wally, a superior personal finance app that will help you to monitor and control your weekly, monthly, or annual budget. The app is free of charge and user-friendly, which makes it ideal for individuals who don’t want to waste time learning how to use a brand new tool.

What can you do with it? Here is the list of the best functions:

  • Centralize all accounts and control them from a single source.
  • Set the budget based on your spending habits and the corresponding timeframes.
  • Receive real-time updates to know if or when you are about to breach the planned limits.

All in all, Wally makes a great choice for every person in need of a comprehensive financial management tool.

2.      Mint

Thousands of users from all over the world swear that Mint is the best tool for handling personal finance. We are not surprised because the platform gives you all the features you need to stay in charge of your budget and keep it under control in the long run.

Mint makes sure to show you the entire financial life in one place, including your bills, loans, credit score, and balances. Apart from that, you can enjoy the privilege of:

  • Getting real-time spending reports by categories.
  • Receiving tailored tips and savings suggestions.
  • Using a clear and intuitive budget tracker.
  • Avoiding extra costs, penalties, and fees by seeing when your payments are due.

3.      Clarity Money

Clarity Money utilizes advanced technologies to improve take your financial management to the next level. It is an AI-powered app that helps you make better budget-related decisions on the go.

The tool automates a lot of functions, so you don’t have to worry about manual entries or repetitive tasks. Clarity Money tracks your expenses and points out online costs that could and should be eliminated. Apart from that, the app is known for:

  • Tracking everything from your savings, costs, investments, and debts.
  • Linking all accounts into a single dashboard.
  • Advanced financial analyses that point out the pros and cons of your behavior.
  • Impenetrable security layers that keep your personal information safe and sound around the clock.

4.      Personal Capital

Number four on our list is reserved for users who like to think well in advance and manage their wealth properly. Personal Capital is a free tool that can assist you in controlling the budget simply and effortlessly. How does it do that? Here are the key features:

  • It pinpoints all transactions and displays them on a user-friendly dashboard.
  • Personal Capital performs investment checkups to assess your investment portfolio.
  • The app also helps you make a retirement plan.
  • You can use it to identify hidden fees and unnecessary expenditures.

5.      You Need a Budget

You Need a Budget (YNAB) is the only app on the list that doesn’t come for free – the price is $84 annually – but it definitely has a lot to offer in exchange. It unifies all of your accounts to create an all-around overview of your finance, so you can pay attention to details in real-time. But there are a few things we really love about YNAB:

  • The ability to connect multiple budgets and track family expenses.
  • Exquisite goal-tracking abilities and analytics.
  • Personalized support that you can use for finance-related questions and inquiries.

The Bottom Line

We understand that you probably don’t want to add yet another tool to your mobile device, but this time you should make an exemption and install an app that can help you plan and control your budget. Every finance management app we discussed above is great, so it’s only up to you to test each platform and choose the one that suits your financial needs and spending habits.

AUTHOR BIO

Thomas Lanigan is a blogger and a part-time writer of college essay papers. He is interested in various topics such as app development, IT, digital marketing, business, and finance. Besides writing, Thomas loves traveling and long-distance running.

About the Author

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