Personal finance management is something that matters to all of us. At least, that should be the case. For everyone who takes the time and effort to make sure that their personal finances are in order, there are others who simply don’t bother to do so, and as a result can find themselves in a personal financial crisis. In a world where most of us now own a Smartphone or a tablet computer, and there are thousands of apps available for assisting with personal financial management, there’s really no excuse for not having your finances in order.
Here are what we believe to be the top five personal finance apps available.
Budget
Using this app is simple as you don’t need to input anything other than your income or even how much money you’d like to budget. As this app is so flexible, it is an excellent long term solution as well as something you could use when you go on holiday, for example, so that you know you’re not likely to overspend and find yourself having to borrow money for clothes.
Some apps ask for access to your account information, which can make some people feel uncomfortable, which makes this a great option for anyone who doesn’t want to go down that route.
Mint
Mint is the perfect application for someone who has a lot of incomings and outgoings, perhaps has a credit card or two they want to manage, and is looking to get everything together in one place. You can use this app to set yourself budgets in certain categories, and be notified when you’re close to overspending. This is useful for those of us who can’t help buying new clothes every month or always want to buy the latest Xbox game, for example. You can also allow Mint to access your accounts so you know when you’re nearing certain limits.
If you’re comfortable with an app having access to your accounts, this is probably the best app out there for you.
Check
In terms of functionality, Check offers a lot of similarity to Mint. However, Check can also be used to monitor investments and check your credit rating, so if you’re managing complex personal finance affairs it might be worth a look.
Spendee
This is one of the newer apps in the category, and as more people download it, it will probably become one of the most popular. It’s easy to get started and has a more attractive interface than most of the other apps in this category. You can set yourself spending and saving targets, get congratulatory messages if you achieve them, break everything down by where you spend your money, and see an easy to interpret graph that charts your spending.
Next
If you like keeping things simple, then this is the app for you. You don’t have to input any income, you merely use it as an expenses tracker, simply input what you spend on each relevant category and keep track of your spending, whether you’re looking to so weekly, monthly, or on a longer term basis.
That’s Great!!!