Money management apps are great for handling your cash flow if you’re not so great at it yourself. These neat tools will help you keep track of your money and work with you to reach your financial goals. Additionally, there are several great money management apps for different types of savers to use. Read below for more information on what these apps are.
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Best in the Market: Mint
When you use Mint, they offer many services for their users. Plus, all of these services and tools they have are free for you to use! Just link a bank account, credit card, and/or bills. Then, it will immediately start organizing your transactions making sure it’s all up to date.
Some of the perks that comes along with Mint are:
- Has all of your finances, assets, and liabilities for you to look at.
- Check your credit score and pointers to better your account for free.
- Alerts for bills that you have to pay soon.
- Can be connected with many different banks across the U.S.
- Tailored pointers for you to use.
For Reducing Budget: You Need A Budget
With You Need a Budget, it will motivate you to work towards your goals rather than seeing it as a hassle. Just list your objectives in the app and get customized advice helping you reach those goals.
Normally, this app is free for about 34 days and then it will be $11.99 a month. Or, if you want to pay it annually, it’s $84 a year. Don’t fret, you’ll be able to cancel your subscription whenever you wish to.
Furthermore, the benefits that’s included will be:
- Access to your money in different devices.
- List out one or more of your goals in the app to get personalized pointers.
- Charts that helps you see where you are financially.
- Get access to more than 100 weekly live workshops for budgeting and saving.
Fast Budgeting: PocketGuard
PocketGuard will make it much simpler for you to keep an eye on how much you’re spending. Then, you can make a budget for yourself and possibly lower your monthly bills. Additionally, it will make sure that your transactions are always up to date for you. PocketGuard also sets a personal budget for you each month so you don’t have to.
Fortunately, you can use the apps basic features for free. But, it will be $4.99 a month for the PocketGuard Plus that has more features included. Some of the highlights with this app is:
- “In My Pocket” lets you see how much money you have left after paying bills and adding up your savings.
- Makes a budget for you.
- Assists in negotiating bills.
- Keeps track of spending habits and what you need to work on.
Daily Cash Management: Dollarbird
When you use Dollarbird,it will give you a daily balance each month (past, present, future) this way you can be on top of your funds. Additionally, you must give them all of the required information they need to be able to calculate these projected balances. This is considered to be a more hands on app.
Dollarbird is free for one calendar or $4.99 a month for about 20 calendars. You’ll be able to have no more than 3 team members every calendar as well. Some perks included are:
- Make recurring transactions and verify that it happens each month.
- Shows you how much you have saved at the end of the month.
- Has projected balances for the months to come.
- Gives you a representation on what your finances will look like.
Best App with a Price: Mvelopes
With Mvelopes, you’ll be able to control your cash flow to get rid of debts. It can do this by assigning each dollar a “job.” Plus, there are several different subscriptions they have to offer such as:
- Basic Plan: $6/month
- Plus Plan: $19/month
- Complete Plan: $59/month
Some features that’s included will be:
- Can be connected with all of your bank and credit card accounts.
- All of your purchases are updated automatically.
- Unlimited envelopes
- Uses cloud-storage in your data to manage your money wherever you go.
Best For its Simplicity: Wally
Wally is a basic money management app that offers you the basic features. It will allow you to take a look at your funds, where your money goes, how much you have in your account, and what you saved. On the brightside, Wally is free to use and has several currencies it can work with.
Perks Wally has to offer are:
- Keep pictures of your receipts for taxes.
- Make automatic recurring transactions.
- Track your purchases by either: category, location, or retailer.
- Group budgets, IOUs, and joint accounts.
- List out the items or products you’re looking for when you shop.
Better for Comprehensive Budgeting: Clarity Money
When you use Clarity Money, it will help you see what your spending habits are and explain how you can improve. Just connect your bank and/or credit card accounts to see what your funds are looking like, and what you can save. Furthermore, this app is free to use.
Highlights of Clarity Money are:
- Shows you all of your subscriptions
- Can open a high-yield savings account with Marcus by Goldman Sachs
- Check out what your bills and transactions look like.
- Free access to credit score.
- Notifications on raises or decreases in price.
Envelope Budgeting: Goodbudget
Goodbudget is a great app to use if you prefer paper envelope budgeting instead. You’ll be able to make categories, and put a budget on those categories. After you’ve reached your spending limit, you will have to transfer money from a different envelope if you want to spend more in that category.
This app is free for the basic features. And $7 a month if you sign up for the Plus membership. Perks included in Goodbudget are:
- Connects with several devices.
- Assists in planning your spending
- Keeps track of how well you’re paying off debt
- Makes a savings envelope for every goal you have
- Includes 1 year of expense tracking (7 if you sign up for the membership)
Better for Investing: Personal Capital
With Personal Capital, this app will include: investments, savings, etc for an entire outlook on your financial standing. Additionally, these charts and graphs help you see what your investments are looking like and how it helps your net worth. Personal Capital puts most of their attention on investing, but also offer budgeting gadgets as well. Plus, it’s free to use.
Some features for Personal Capital include:
- Links all bank accounts, IRAs, and 401(k)s
- Keeps track of your mortgage and additional loans.
- Shows you what your investments look like by explaining your portfolio standing.
- Make a budget and/or plan for when you retire.
- Receive free financial advice when you link $100l in assets.
Best for Spending: Simple
Simple is a budgeting app that includes a checking account as well. This way, you’re able to manage your cash flow much better and stay away from spending too much. Additionally, it will tell you a safe amount you should spend to stay within your balance. Furthermore, this app is free of charge as well.
Perks for Simple are:
- Organizes transactions and goals
- “Safe to Spend” perk
- Makes recurring bills
- Has many goals and check your progress in their app.
- Creates round-up rules
Saving Extra Change: Acorns
Acorns isn’t necessarily a budgeting utensil. However, it does help you keep track of your money by investing any extra change you have. Just connect the credit or debit card you use the most. Then, it will start investing right away. Additionally, Acorns will round up the nearest dollar to invest with no work on your end.
The price is $1 to invest spare change, $2 Later, for investing in a retirement account. And $3 for Invest & Later & Spend which is their checking account with a debit card. Features Acorns has to offer are:
- Saving and investing with little work
- Alter what’s invested.
- Put more money into your investment account when you shop at certain retailers.
- Get access to helpful financial guides and pointers.
Conclusion
All in all, there are many cash management apps to pick from. However, depending on what type of spender you are and what your goals are, each one will work differently. Find the best app that aligns with your financial visions and take advantage of the perks and tools they have to offer.
