With today’s technology it’s never been easier to manage money and stay within a set budget. If you need to watch your spending habits, save money for a down payment on a home, or keep track of your credit score, there are several apps you can download on your phone, PC, or tablet which can help. Some are free, and some cost less than a cup of coffee to start using. If you’re on a mission to get your finances in order this year, check out any one of these four personal finance applications to get started.
Wally- Finance Tracker and Budget Planner
Not only is this app completely free to download and use, it also has a convenient feature in play for those of us who aren’t the best at copying information from one source to another. Wally allows users to take photos of their receipts and the app populates the information gathered, so you don’t have to manually type numbers into your records. It’s a user-friendly app that allows you to plan a budget for yourself and plan your bill payments.
Mint- Budget, Bills, and Finance
Mint is one of the highest-rated, free financial apps on the market today, and as such it presents many different financial resources. Users can create budgets, track spending, and input both cards and bills into the app so everything is logged in one neat area, and all your finances for the month are listed in front of you. You can check your credit score for free, and as you use the app, it suggests different money-saving tips. With this app, you’ll be compiling that down payment in no time flat.
Acorns- Invest Spare Change
For those of us that think our pocket change is virtually worthless, behold the Acorn app. This specific application was designed with small sums of money in mind. When using Acorn, purchases are automatically rounded to the closest whole number, and the difference is invested automatically into portfolios of your choosing. For example, if you spend $14.24 on lunch, Acorn will round your total to $15, and the difference ($0.76 cents) will go towards your chosen investment. Each year, depending on your spending, you could put hundreds of dollars into an investment, with very little effort.
You Need a Budget (YNAB)- Budget, Personal Finance
This app is designed to help users get out of debt, save money, and be prepared in case of an unexpected expense. Because the app decides your budget for you, based on your actual income, it encourages users to live within their means. This is one of the few apps on the list which isn’t free, but the service fees more than pay for the app’s stellar customer service according to many happy users. Not only does YNAB have options for weekly and monthly budgets, it also allows users to budget for specific events. This feature is a great way to save for your new home.
Whether your plan is to purchase an investment property, buy a new home, or just become smarter with your savings and spending, these apps will help you achieve your goals. For more finance app options, check out this article at Investopedia.
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