The 8 Best Personal Finance Apps You Need to Download Now
Over the last few years the quality of personal finance apps has come a long way. Today’s apps can be connected to bank and investment accounts, service providers, and even crypto exchanges. That, along with processing power of modern smartphones, makes them truly useful for managing your finances and productivity. The following are 8 of our favorite apps to simplify and strengthen your personal finance objectives:
Mint is one of the most popular apps in the personal finance space – and for good reason.
Mint is an all-in-one tool for your financial life. You can track bills, manage budgets, and keep tabs on your investments. You can also manage your credit score for free and receive tips on how you can improve it – even if you don’t have a credit card. The app, which already has over 20 million users, can be accessed with a desktop browser, or downloaded via iOS or Android devices.
Mint automatically syncs with your bank and investment accounts, so that you can view information for everything in one place. Expenses are automatically categorized so that you can easily see where your money is going. You can also set up alerts, so you know when a bill is due, or when you are overspending. And the best part – Mint is completely free.
2. Credit Karma
Credit Karma is an app that allows you to view your credit score for free. The app has managed to attract over 60 million users. The platform can be accessed from a browser, or with iOS and Android apps.
While you usually have to pay to access your credit score, Credit Karma uses an ad supported model to provide that information for free. In addition to providing credit scores, Credit Karma can alert you when there are changes to your credit reports, as well as help you learn what factors affect your score.
Credit Karma also uses the information in your credit reports to recommend the best credit cards for you and helps you make decisions to use credit effectively. Recently, a free tax filing feature was added to the service.
BitBounce is a free app that blocks spam and lets you charge businesses to receive marketing emails. To get started, simply download the free app and sign up with your existing email (Gmail, Yahoo, Outlook, and every major provider works). BitBounce automatically whitelists all of your contacts and people you’ve recently emailed so they can keep emailing you as usual.
If anyone outside your whitelist emails you, BitBounce will send them an autoresponder to pay your fee to reach you. If they don’t pay, their message is filtered into a special ‘unpaid’ folder where it won’t bother you, but you can see it if you wish. You can set your own paywall fee, customize your autoresponder message or turn off the autoresponder completely.
BitBounce is a great way to not only organize your inbox, but also start making extra money on the side while staying productive.
The Delta cryptocurrency tracking tool is a great app to keep tabs on your cryptocurrency portfolio. It allows you to track the prices of more than 3,000 cryptocurrencies and access them via a mobile device or PC.
You can sync the app with most wallets and over 200 exchanges, so that all your crypto holdings are aggregated as one portfolio. If an exchange isn’t supported, you can manually add any other holding as well.
The app lets you see how your portfolio has performed over any time period you choose. You can also set price alerts to be notified when a coin reaches a certain price, or create a watchlist of coins you don’t yet own but want to watch.
Delta operates on a freemium model, with the basic features available for free, and premium features available for a monthly subscription. The app can be downloaded for free from the App Store and Google Play Store, or from the website.
5. Clarity Money
If you’re struggling to manage all of your subscriptions, Clarity Money is the app for you.
Clarity Money lets you view all your subscriptions in one place, and helps you easily cancel the ones you don’t use. It even suggests subscriptions you may want to dispute or consider cancelling. It’s free to use, and you only pay when the service helps you negotiate a lower rate for a subscription (where you’ll pay a fee equal to 33% of the annual savings).
While the app is best known for managing subscriptions, it does offer other features and services. The app helps you save for specific goals and build a set of separate saving’s funds. Clarity money offers its own savings account, which is DFIC insured.
Prism is Smartphone app that helps with managing bills, including the ability to view, manage, and pay all of your bills with one app.
Once your accounts are synced with the app, you’ll be able to see which bills are due when, and receive alerts when bills are unpaid or have a due date approaching.
You can also track your income, your account balances, and the amount you’re spending each month. You can also choose which bank account to pay each bill, to ensure you never have a check bounce. The app is available for iOS and Android devices.
If you struggle to spend less than you earn, you’ll want to have a look at YNAB, which stands for “You Need A Budget”. YNAB is available online and via Android and iOS apps.
The App uses four rules to guide your personal budgets and spending. First, it requires you to give every dollar you earn a job within your budget. Second, it forces you to embrace your true expenses. Third, you need to be okay with where you are financially. And finally, to age your money, rather than living paycheck to paycheck.
YNAB provides you with ongoing report to let you know how well you are managing your budget, allowing you to make incremental improvements over time. The app costs $6.99 a month, but you can try it out for a month for free, or for 12 months free if you’re a student.
Wealthfront is a robo-advisor which helps you manage your investments and reach important savings goals. The platform provides the same service that a financial advisor does, at a fraction of the cost.
Wealthfront allows you to enter specific financial goals such as retirement, education, or vacation, and then suggests the best way to achieve them. The platform then manages your accounts for you, rebalancing your portfolio when required. Funds can be invested in 401ks, IRAs, Roth IRAs, College Savings Plans, as well as other types of investment accounts.
The platform uses technology to reduce costs, meaning customers only pay 0.25% per annum. There are no transaction fees, account opening fees, or withdrawal fees. Customers with over $100,000 can borrow cash against their portfolio as well.
Wealthfront is ideal for hands-off investors who need a little guidance and discipline to keep them on track and help them achieve long term financial goals. And, even if you’re not a customer, a number of the tools are free to use.