With these personal finance tools on your Smartphone, you can handle everything from monthly budgeting to long-term investing in the palm of your hand. Here are some of the best personal finance apps to help you make sense of your dollars.
Note: all of the following apps are available free for Android and iOS.
One of the original budgeting apps, Mint continues to be a go-to choice for savvy budgeters everywhere. The app is owned by Intuit (the company that makes Quickbooks and TurboTax), and it makes budgeting a breeze. Simply connect your bank accounts to the app, which automatically categorizes and tracks your transactions against a budget that you customize.
You Need A Budget (YNAB)
This personal finance tool means business. After linking your bank account with YNAB, the app allocates every dollar to a “job.” All of your earnings will go towards things like living expenses, debt payments, savings and investments. YNAB leaves no purchase unaccounted for, forcing you to think about every dollar you spend. The app also includes goal tracking to help you save.
Set it, forget it and save. Qapital helps you set up custom savings withdrawals to sock away money without overthinking it. Simply create a fund, then assign the conditions: the rules can be simple, like adding $4 to the fund every time you buy fast food, or more complex, like the 52 week challenge, which sets aside $1 the first week, $2 the second, and so on for an entire year.
Squirrel away small amounts of money with this personal finance app, which rounds all of your purchases up to the nearest dollar and invests the remainder. While it may initially feel like small potatoes, after a few cents here and there, soon you’re talking about real money. Note that while the app itself is free, depending on where you invest your money, investment management fees may apply.
This handy, minimalist personal finance app tells you the one thing you really want to know: how much money you can really spend. Update the app with bills, expenses and savings, and it will inform you how much money is left “in your pocket” for the day, week or month. Never risk an overdraft fee again.
Easy and efficient, RobinHood is the perfect investment app for newbies and experienced traders alike. With no trade fees, this app lets you invest worry-free, with real-time updates of how your investments are performing. Buying and trading stocks has never been easier.
Stock Market App
Most Smartphones come equipped with a stock market app. While you can’t sell or trade via these apps, they’re an easy way to check in on the market. Inexperienced investors can get a feel for market trends (and volatility), while experienced traders can stay on top of their portfolios.
Now that you’re on your way to financial freedom and savings, save even more by learning how to lower your family’s phone bill.
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