It can be hard to keep track of all your expenses, and not everybody is good at organizing. However, it is a lot easier if you use your smartphone instead of a notebook that you have to carry around everywhere, because your smartphone is already always in your pocket. Financial apps are very popular and they can help you in different things: keep track of your expenses, store your receipts and put together budgets. Check out 5 of the best personal finance apps below:
Mint is very simple to use, and that is what makes it so popular. The app syncs with your bank and organizes and collects all your transactions for you and you don’t need to add any additional data. The app also gives you a budget that is bases on your expenses and it sends you alerts, bill reminders and financial advice. You need to set a 4-digit password to keep your financial information private and if your phone gets stolen or lost you can deactivate your account from your Mint.com profile.
2. My Weekly Budget
When it comes to spending less, knowing what you spend, where you spend it, and recognizing your personal spending behavior altogether is a good start. This app helps you do exactly that: it lets you plan the week ahead of you and at the end of every week you get a summary of your spendings, and the app tells you how well you did. On top of that you can also look back at previous weeks so that you can see if your spending behavior is changing or staying the same. This is a good app for people that have no clue of where their money went every week.
If you have difficulty managing your finances, simply because you have so many different accounts, credit cards and saving accounts going on, this app is perfect for you. Koku collects all your finances into one place and it shows you exactly what your expenses are and from which credit card or account you took the money from. Koku also provides you with customized reports of your spending habits and your income, and another plus is that it allows automatic iCloud syncing so that you can access your account on any iOS device.
This is another app that can be useful to you if you frequently forget to pay your bills, simply because you find it hard to keep track of them: you basically have all your financial accounts on this app, under one password, so that it is easy to keep track of all of them. The app sends you reminders that let you know when you still have bills to pay and you can see all your statements, bills and notices together in a few easy clicks. Another great thing about the app is that it has some reward programs and loyalty cards that you can benefit from.
Lots of people use PayPal on their computer, but did you know that PayPal also has an app that can make things even easier? If you already have a PayPal account you definitely don’t want to miss out on this app. With the app you can easily check up on all the transactions in your PayPal account at any time you want, as well as send and request Money. On the Android and the iOS versions you can photograph checks in order to add cash to your PayPal account for free and you can scan your credit or debit card if you want to link it to your account, without having to input all the details manually.
People do a lot of their spending and account managing digitally now, and you no longer have to keep track of all your bills, expenses and receipts in notebooks and ringbinders anymore. Instead you can find the apps and online programs that suite your individual needs best and easily keep track of everything.