Nowadays, there are numerous applications that help us manage our personal finances in a simple and efficient way. From applications to control our expenses to those that allow us to invest in the stock market, the options are many and varied.
In this article, we present the 15 best personal finance apps you should know. Discover how they can help you improve your financial situation and make better decisions regarding your income and expenses.
1. Mint
Mint is one of the most popular and complete personal finance applications on the market. It allows you to connect all your bank accounts, credit cards and investments in one place, giving you an overview of your finances. It also helps you create budgets and sends you alerts when you get close to exceeding them.
Another great feature of Mint is its ability to analyze your expenses and automatically categorize them, allowing you to see exactly where you're spending your money. Plus, it gives you personalized tips on how to save more and reduce your spending. Mint is completely free and is available on both iOS and Android.
2. Personal Capital
Personal Capital is a free app that allows you to keep track of your personal finances in one place. You can link all of your financial accounts, including bank accounts, credit cards and investment cards, to get a complete view of your net worth and expenses.
The app also offers tools to track your investments and plan for retirement. In addition, you can receive personalized financial advice from investment experts.
Personal Capital stands out for its user-friendly interface and its ability to provide detailed and useful financial information. It is an excellent choice for those looking for a comprehensive tool to manage their personal finances.
3. PocketGuard
PocketGuard is a personal finance application that helps you keep track of your expenses and savings in a quick and easy way. The app shows you a real-time summary of your finances and allows you to set personalized savings goals.
In addition, PocketGuard helps you identify areas where you can save money, such as recurring bills or subscriptions you no longer use. You can also use the app to track your investments and to receive alerts when major changes occur in the market.
The app is free, but also offers a premium version with additional features, such as the ability to create detailed budgets and integration with other financial apps.
4. You Need a Budget (YNAB)
You Need a Budget (YNAB) is a budgeting app that helps you control your spending and save money. The app uses the zero-based budgeting method, which means you must allocate every dollar you earn to a specific category, such as rent, food or entertainment. YNAB also allows you to set financial goals and track your progress toward achieving them.
5. EveryDollar
EveryDollar is a budgeting app that helps you track your spending and plan your finances. You can create a personalized budget and track your daily, weekly and monthly expenses. You can also connect your bank accounts to get a complete picture of your finances. The app has a free version and a premium version that offers additional features such as automatic synchronization of bank transactions and the creation of personalized financial goals. EveryDollar is a useful tool for those who want to have a tighter control over their personal finances and set realistic goals to achieve their long-term financial objectives.
6. Clarity Money
Clarity Money is a free application that helps you manage your money effectively. You can connect all your bank accounts and credit cards to have a complete view of your finances. The app shows you a summary of your expenses and offers personalized money-saving tips. In addition, Clarity Money allows you to cancel subscriptions you no longer need and negotiate bills to get better prices. You can also set savings goals and the app will help you reach them.
7. Wally
Wally is a personal finance application that helps you control your spending and save money. With Wally, you can easily and quickly record your income and expenses, and see in real time how much money you have available to spend. The application also allows you to set savings goals and track your progress towards them. In addition, Wally provides you with detailed information about your spending habits, helping you identify areas where you can reduce your spending and save more money. Wally is free and available for iOS and Android. It also offers a premium version with additional features, such as integration with your bank account for automatic tracking of your transactions.
8. Goodbudget
Goodbudget is a budgeting app that uses the envelope method to help you track your spending. You can create different categories of expenses and assign them a monthly budget. You can then assign money to each category and track your expenses throughout the month.
The application also allows you to synchronize your bank accounts and credit cards to have a complete view of your finances. Plus, you can share your budget with your partner or family to work together on expense tracking.
Goodbudget offers a free version with some limitations and a premium version with more features and no limits on the number of categories or synced accounts.
9. Mvelopes
Mvelopes is a budgeting application that uses the virtual envelope technique to help you control your expenses. You can assign a budget to different categories and Mvelopes shows you how much money you have left in each virtual envelope. In addition, you can synchronize your bank accounts and credit cards to get a more complete view of your finances. The app also offers tools to set financial goals and track your progress.
10. Acorns
Acorns is an application that helps you invest your money automatically. The app rounds up your purchases and takes the difference to invest it in a diversified portfolio of mutual funds. You can also set up regular contributions and customize your investment portfolio. Acorns charges a monthly fee depending on the level of service you select.
11. Robinhood
Robinhood is an investment app that offers free trading of stocks, options, ETFs and cryptocurrencies. The app is easy to use and is designed to help users invest in the stock market in an accessible way. It also offers real-time financial news and market tracking tools to help users make informed decisions about their investments. Robinhood has become very popular with young and novice investors because of its focus on simplicity and accessibility.
12. Stash
Stash is an investment app that lets you start investing with as little as $5. It offers a variety of investment options, from stocks and bonds to exchange-traded funds (ETFs). It also has an "Auto-Stash" feature that lets you schedule regular investments.
13. Qapital
Qapital is a personal finance app that helps you save money the smart way. You can set savings goals and the app will help you reach them by automatically rounding up your purchases and transferring the change to a savings account. You can also set custom rules to save money, such as saving a certain amount every time you have a coffee or every time you exercise. In addition, Qapital offers an "Ifttt" feature that allows you to connect the app with other services and further automate your savings.
14. Digit
Digit is an automatic savings app that analyzes your spending and savings to determine how much money you can save each month. The application connects to your bank account and uses an algorithm to transfer small amounts of money to a separate savings account. Digit also offers a 1% interest rate on your savings account. In addition, the app sends you daily text messages with information about your spending and savings.
15. HoneyDue
HoneyDue is an app for couples that allows them to share their finances and expenses in real time. The app has an easy-to-use interface and offers features such as expense splitting, bill reminders, and the ability to set shared budgets. It also has a built-in chat feature so couples can communicate about their finances without having to leave the app. HoneyDue is free, but offers a premium version with additional features for $5 per month.
