Saving money is great, but it can be difficult at times, especially if you’re not keeping an eye on where it’s going.
Personal finance apps can connect with your bank account and help you keep up with your spending, personal finance apps can help you pinpoint areas that you’ve been spending, track upcoming bill payments, keep up with your credit score and investment portfolio.
The best personal finance apps provide several different features for managing your overall finances. That’s why using a personal finance app, like the ones we’ve listed below, is a good idea.
Top 10 best personal finance apps
- You Need A Budget (YNAB)
- Personal Capital
- Every Dollar
- Clarity Money
Top 10 best personal finance apps
Mobills does a good job of tracking all your expenses in one easy to read interface, on both mobile and desktop.
Once you import your bank accounts and credit card information, Mobills will pull in the data and present everything to you under one roof.
Mobills organizes your expenses in categories so you can track your spending is progressing toward your budgeted amount.
See the amount you have remaining to spend in each budget category so you can rein in your spending as needed. The budget planning app includes interactive charts that allow you to analyze your financial life; you can use them to make adjustments as you need to reach your larger financial goals. Add your credit cards to the app so you can see your current balance and spending limits all in one place.
You can add all your bills and due dates to keep track of when your bills need to be paid. The free version of the app has limited functionality while upgrading to the premium version will give you full access to all the app’s features.
Once you add all your accounts to the app, it will pull in all your information and display it back to you in a pie chart.
The chart will provide you with a lot of useful information, like showing you particular areas where you overspend.
If you’re someone that has a lot of subscriptions, but can’t remember exactly what ones you have, Clarity will help you identify the ones that you no longer use so you can cancel them.
This is already a pretty cool feature in itself, but there’s’ more.
Clarity analyzes your spending patterns and then suggests more recommendations to help improve your financial situation.
The app also allows users to make savings deposits and set up savings goals.
If you’re concerned with how secure your money is, then you’ll be pleased to know that your savings deposits are held at an FDIC-insured bank and insured up to $250,000.
Lastly, to keep things simple, you’re also able to access a free VantageScore credit score from Experian inside the app, so you can see exactly how your personal finances are being measured.
The next personal finance app on our list is Every Dollar.
This one follows a zero-based budget approach, which means that it gives every single dollar a purpose in the budget, hence the apps name.
Every Dollar allows you to connect all your accounts and keep an eye on your finances in one place, similar to most apps on our list.
You can keep track of your spending, split expenses between multiple budget items, track your current rate of spending, and see how much you’ve got left to spend for the month.
As well as being able to use the app on the go, you can also log in to a desktop version if that’s an easier way for you to manage your finances.
Another little perk of using Every Dollar is that you can connect with a money management expert who can help you with your financial goals.
Coming in at number seven on our list of personal finance apps is Personal Capital.
If you’re looking to manage some investments as well as just staying on top of your day to day spending, then Personal Capital might be a good choice for you.
Using this app, you have the ability to manage your investments along with your everyday spending habits.
Although you can track your everyday habits and create a budget in the app, it’s true potential really comes to life by helping you track and optimise your investments.
You’re able to track your portfolio in a number of ways, for example, by asset class, account, or individual security.
Using the built-in intelligence available on the tablet version of the app, you’ll also have access to opportunities for diversification and managing risk, plus the potential to sport any hidden fees you could be paying.
This information gives you a great opportunity to stay on top of all areas of your personal finances.
Lastly, just like Every Dollar, the app allows you to speak with a registered financial advisor who can go through your goals and customize an individual financial and investment plan for you.
Acorns is an American financial technology company that started out in 2012 and has since helped over 4 million people save and invest their money.
Essentially, what their service does, is take the spare change from any purchase you’ve made and invest it automatically into different portfolios, made up mainly from ETFs.
Since their inception, Acorns has seen a lot of growth and now offers its’s customers even more options to manage their finances.
For example, you can open up an IRA, participate in active investing and grab yourself one of their cool new debit cards.
Their debit card allows you to spend money as you normally would, but manage all those transactions in your Acorns account.
This also keeps all your spending data under one roof, making it super simple for you to understand where your money is being spent, saved or invested.
If you’re after an app that allows you to open shared accounts with family members or friends or manage shared expenses, then look no further than Spendee.
Just like the other personal finance apps on our list, you start by connecting all your personal accounts and important data.
From there, Spendee will present that information in a really nice UI that makes your spending activities easy to understand.
If you have some cryptocurrency that you’d like to keep an eye on, Spendee will also import that data for you. And, if you’re a bit of a cash spender, then you can also manually add in cash payments.
If you find it hard to stick to a budget, then use Spendee to set up a budget for each individual category and set up notifications to prompt you when you’re approaching the limit.
Also, forgetting to pay bills is no longer a headache thanks to Spendee’s bill tracker functionality. It will ensure you’re aware of when bills are due and payments need to be made.
Finally, if you’re planning a holiday or going to an event where you’re likely going to spend money, you can set up a specific category for event, with a budget included, for the sole purpose of tracking your spending during the event!
With the goal of eliminating the need to log into multiple financial accounts to get an good idea of your financial situation, Prism was set up to allow its users to view and pay all their bills in one location.
It takes a little bit of time to get set up, but once you’ve added all your bills and payments to the app, Prism will automatically send you reminders of your due dates, and will even pay those bills for you if you wish.
You can view all your financial accounts and transactions in one place, like the previous apps on our list, however, Prism really shines when it comes to bill tracking and payment management.
If you like to be ahead of the game, you can use the app to schedule your bill payments to go out on the same day or in advance if that’s advantageous for you.
Being in business for over 30 years and trusted by more than 17 million members worldwide, Quicken has become one of the best personal finance apps on the planet.
However, to use the app you’ll need to part ways with some cash, but don’t let that put you off as they offer a 30-day full money-back guarantee if the product isn’t for you.
The app includes features like payment tracking, budgeting, investment tracking and safely stores all your data using 256-bit encryption.
Quicken has also released a credit card for all its members. Using the card, you can keep track of all your pending transactions, spending habits, purchases, budgets and bills. Moreover, you also earn 2x points on recurring bills, dining and groceries, and you get to choose your own rewards!
You Need A Budget (YNAB)
There’s no escaping creating a budget with this app. The first thing YNAB will ask you to do is create a budget goal, like a holiday or major expense.
Next, you’ll link your accounts and YNAB will import all your transactions, giving you the option to assign each of them a specific category.
Your account balance will also be brought into the debt manager to give you an accurate idea of where you stand.
Next, you can check the detailed reports to see how your spending is going throughout the month and look out for any potential issues.
By using their app, YNAB claims the average new user saves around $600 in the first two months and roughly $6,000 a year.
It sounds like a pretty good service overall, however, after their initial trial period of 34 days, you’ll be required to pay a monthly subscription of $6.99, which is billed annually at $83.99.
So, bear that mind before you import all your data!
Mint, Intuit’s personal finances apps, is one of the most well-known personal finance apps that provides your complete financial picture in one place. Once you link your credit and debit cards to your account, Mint pulls your transactions, categorizes them and shows how you’re spending your money. You can keep track of your bills and spending and create a budget you can stick to.
Free access to your credit score is one of the more recent additions. You can get a breakdown of the factors contributing to your credit score to stay on top of your credit health.
Plus, you can track your investments and schedule utility payments. For bills that you manually pay, the app can send e-mail reminders or add the due dates to your phone calendar. You can use the app exclusively or access your account via computer.
Mint is completely free to use. It makes money by suggesting offers and deals for credit cards and loans to its users.
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