November 26, 2020

Best 9 Money Management Apps for Easy Financial Planning

People all over the world have started thinking of managing their budget and saving money — and the software market has responded by providing a large amount of soft to lend a helping hand in keeping your incomes and costs under control. Here we have a list of apps that may help you to organize your budget.

We found software that can be suitable for a variety of tasks: from subscribing to a specific budgeting method to a usual tool that lets you know when your bank accounts run low.

Why would you ever get these apps into your life? Sometimes you need to save for a purpose, such as starting your business or developing a personal brand (by the way, if you are doing just that, have a look at https://likesfinder.com/crowdfire-review, it may be a great help!). To meet your financial milestones and keep to your business commitments, you’ll need some finance management tools because business expenses are statistically much harder to keep in mind than mundane ones such as chores, groceries, and rent.

Also, as a little bonus, all these apps are available for iOS and Android, and most of them are free.

Mint

Free to get this budget managing app will sync with your accounts and tracks your spending. For a while, Mint has been a golden standard of its category of apps and is still a great choice. There are some reasons for that:

  • Automatically updating and categorizing both income and costs.
  • Providing a real-time picture of spending.
  • Offering a lot of tools for customizing a tool for your own needs.

It is available to track bills, create your categories, split transactions, and monitor the fact that you have a certain amount of money on your account. After your budget drops lower than that number, you will get an alert signal. Mint is also available to monitor your credit scores.

YNAB

YNAB gives a helping hand to users who want to learn to live on their monthly income and costs $84 per year or $11.99 per month. A 34-day trial and 12 months of free usage for students are also available. YNAB requires some skills from its user as well as investments after a free trial. But for those who will spend money on that organizer, YNAB has something to propose. You can connect your bank accounts, create goals, keep track of your savings, and control them, as well as create spending categories. Resources like user guide advice and workshops are also available.

EveryDollar

This app helps to track user’s spending and create a purchase plan in mere ten minutes. Its algorithm works on a zero-based budget that means organizing your budget in a way when expenses are equal to incomes. The app is conditionally free, but you can get a Plus version for $129.99 that gives you the ability to connect your bank accounts and get streamlined information. But even in a free version, you can control each dollar by creating a transaction each time you spend.

PocketGuard

PocketGuard is the kind of app that answers only one question users have: how much do they spend? What is available in user-friendly design — Pocket Guard is just crunching the numbers and showing how much is available after all the bills are paid. Also, the app counts spending and savings. Users can easily see what is left “in the pocket” for their day, week, month. Control of certain costs categories, like clothing or eating out, is also available.

Clarity money

ClarityMoney is an absolutely free saving and budgeting platform proposing its users to link their financial accounts from thousands of institutions, gather online information of their spendings, organize them, track and bucket them to different categories. But that is not all Clarity money can propose to its users — such features as credit score monitoring, subscription canceling, and an inclusive financial picture are available.

Goodbudget

Goodbudget is based on the Envelope system, where you have to split your monthly income between different spending categories. There is an option to access one account from numerous devices, which allows your partners or family members to get the same information and share the budget management. What makes GoodBudget different from competitors is the requirement to manually fill in the data about all money you’re spending. You might not like it, but it forces users to pay extra attention to the app and the way they deal with their budget, including cash and debts. So after you enter the amount of your income, you share money between spending categories, named envelopes in the app. The free version allows users to have one account with two connected devices and a limited amount of envelopes. However, a Plus version costs $6 per month or $50 per year and provides you with unlimited envelopes and accounts on five devices.

Personal Capital

Personal capital is a tool for managing your investments that uses AI advisors together with human financial advisors. While first of all it is an investment tool, the Personal Capital free app still proposes a fair amount of features helpful for people who want to track their spending. The user can connect and check his or her savings and credit card accounts, monitor transactions by personally customized categories, and see the percentage of each category. You also get a net worth tracker and a portfolio breakdown for free.

Managing your budget, savings, and incomes is hard daily work to do: credit accounts, spendings, monthly income, debts, and bills can drive anyone crazy while putting them all together. That’s why users have a request for organizers and tools to help them do it automatically. And software developers respond by releasing a large number of products on the market for any needs, wallet, and tasks. Everything you need is a particular understanding of what you require from an app, how much money you can spend for subscribing, and then you can choose the most suitable option.

About the author 

Peter Hatch


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