Top 10 Personal Finance Apps for Everyday Use

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In this article, we are looking at 10 of the best financial and budgeting support apps that can help you track your finances. Many apps focus on different aspects of your transactions, but they serve a specific purpose.

 

By linking these apps with your bank account and card details, you let the apps do the menial work for you while giving you an outlook into your expenses.

1. YNAB

The first app on our list is more hands-off than some might like, but the detailed input makes up for it. YNAB can help you achieve your financial goals by considering how you spend each of your dollars. The app will consistently ask you what a transaction is made for and how you want to categorize it.

If you think it is too much, don't worry; their website has tons of learning resources. You can use these resources to learn how to budget all your spending efficiently.

2. Mint

If you are looking for a simple monitoring app, then Mint is for you, and it is also free. This app lets you easily track all your expenses through a debit or credit card.

It does this by taking your account information and pulling the data to serve you better. You can also use it to manage your credit score, as it is comprehensive and helps you calculate your finances for a better credit score.

3. Goodbudget

The Goodbudget app follows the philosophy of segregating your money for different things by putting them aside in separate envelopes. You can manage your finances this way and categorize spending like groceries, going out, future furniture purchases, and so on.

You can try the accessible version of this app with your spouse, family, kids, etc., and make your income better each month. If you want to learn more about this app, you can always take financial courses on their website.

4. Simplify

A web-based app gives you detailed information about your finances, and a helpful and interactive dashboard helps you get an excellent overview. Typically, the app is more tilted toward younger audiences to keep their finances in check.

You need to make an account and pay a modest fee to be able to use Simplifi because it doesn’t have a free version. Their excellent interface and dashboard make up for the cost, plus they have been known for generating great reports that you can easily customize.

5. Empower Personal Dashboard

Empower Personal Dashboard stands out from the rest based on its ability to help you invest in different portfolios. The budgeting is just what comes with the app. You can input your bank and card information into the dashboard and get all the pertinent information about your spending.

Furthermore, the app can easily tap into your different investment portfolios and give an overview of your net worth and where you stand.

6. Prism

If you want an app that looks explicitly after your bills, no matter which type, then you should try Prism. We understand this isn't a typical budgeting or financing app, but it eases your finances by only telling you about your bills.

Whether the billing is for your bank, credit card, or utility company, it can help you remember and pay each bill. The fantastic thing about this app is that it has 11,000 billers and institutions integrated into the app, no matter how small.

7.PocketGuard

The selling point of PocketGuard is its algorithm that tells you, based on your spending and its database, how you should spend your money. If you spend more than you should, then it reminds you how much you are behind your financial goals.

 

Many features include adding banking information, editing spending categories, allowing the app to auto-draw funds towards your savings, etc.

The only issue with this app is paying a premium if you want a more comprehensive control and approach. The app costs $34.99 a year, and the auto-draw feature isn't available outside the US.

8. Credit Karma

The Credit Karma app is just as the name suggests: it helps you manage your credit score more efficiently. It also enables you to manage your bills, how much balance you have on your card, which cutoff date is approaching, and more.

That's not all; you can also use the app to get outstanding deals such as the latest car deals, which websites have discounts for your favourite likes, etc. Finally, you get all this score information from 2 reliable credit bureaus, which you can easily access daily.

9. Honeydue

The app Honeydue is mainly designed with couples in mind. It combines the information from both partners, such as their credit cards, bank accounts, financial situation, etc. You can add or remove this information from the combined dashboard if you like, but it does help you both focus on your goals for the future.

The best aspect of this app is the approach to sharing your financial information with your spouse so that you can share your goals. If you want to spend from one account, you can do it. It will balance the overall budget as a combined goal, so you don’t have to manage each transaction and money.

10. Spendee

The significant difference between this app from others and Honeydue is that Spendee works for the whole family. Furthermore, if you want to include your extended family or friends in the mix, you can easily do it.

With the help of extracting information from the banks, you can share the overall expenses, for example, if you are travelling together. This way, you don't have to spend from a single account; everyone can easily pitch in when needed. Furthermore, you can limit your daily spending, allowing the whole group to understand the best time to call it a day.