5 Apps That Can Help You Manage Personal Finances
In the present times, when everything is just a click away, it doesn’t have to be difficult to manage the budget for most of the people. Some Millennials have a bad habit of spending lavishly and not looking at what is left behind. It is also true that managing money is not a very easy job. Some people find it easier to earn than to save money. When everything is bought and purchased online, to keeping track of all the transactions is often neglected.
All these factors highlight that one needs to have a personal finance app to help them with their financial decisions. You can connect your finance app to a bank account and easily scrutinize all of your spending carefully.
Best Apps That Can Help You Manage Personal Finances
These apps to manage personal finances can also let you know where most of your money goes and how you need to balance your expenses. The finance offers multiple features to the users that will assist in neatly managing their finances. So, here is the list of some of the best personal finance apps, and you can choose one of them.
Mint is among the best finance apps and provides almost all the essential features. It provides all the services related to financing in one place. You have to link your debit card and credit card with the app. The app will automatically generate the list of all your spendings. It also categorizes all kinds of spendings into their particular categories for the user to easily understand the statement.
In this way, you can keep track of your bills and make it easy for you to stick to your budget. In its latest feature, Mint provides access to your credit card for free. You also get a breakdown of your credit score so that you can maintain a good credit history. For the manually paid bills, Mint generates an email to your account regarding the particular transaction.
Quicken works like your personal assistant for your financing needs and guidance to help you manage personal finances. It tracks funds in real-time and has very good customer support. For now, it has been in business for almost the last 36 years.
Quicken monitors all of your investments to prepare a budget on your behalf and keeps a check on all the spendings. For further assurance and safety, you should also consider using a virtual credit card. For emergency situations, free VCC can be of great help and provide you service in seconds.
As the name YNAB, it is full form is- You Need A Budget. YNAB is one of the most supportive and finest financing apps available. It stands different from other financing apps by teaching its users the tools for dealing with debt and offering direct support. It reaches out to the users and educates them with the help of videos, podcasts, documents, workshops, and other support forums.
As you learn, along with using this app, it will also keep a check on your debt payoff progress. The data is represented in colorful diagrams and graphs for the easy understanding of users. It also assumes in keeping your income and expenses on the consideration of how much debt you can pay off in a month. This feature saves you from extra debt and keeps you ahead of the time. It makes sure that everything that you do with the money is clear to you, and you manage the money smartly.
Spendee has perfect control over all your cash expenses, bank accounts, E-Wallets, and crypto-wallets. It helps you manage your money smartly. You get a complete overview of your total incomes and expenses at a glance and in one place. All you have to do is connect your bank account to Spendee, and all your transactions will be imported to it automatically. You can also add the manual expenses into its list and get a record of them.
In this way, Spendee lets you know where you spend your money and from where your cash gets generated. It presents all the data in easy to understand graphs and charts. The app is user friendly and can be used by anyone easily. It also has the feature that you can set your standard budget. The app will take care that you do not spend more than the set budget and do not have a high debt ratio.
Personal Capital assists in all your financial needs and requirements. It is a kind of wealth management app that manages all of your investments and major expenses to help you easily keep track and manage personal finances. Here you can connect the app to your bank account and create a budget for every month. The app helps you very well in tracking and optimizing all your investments.
You can also further explore the opportunities for further investments and risk minimization. It lets you diversify your portfolio and lets you check where you stand by checking your status with the market benchmarks. You can achieve your investment goals with the help of this app. Personal Capita works like your financial advisor and helps you make the best decision for yourself.
So from the above-mentioned list of apps, you can choose the one that caters to your needs and seems to be the most relevant. So, make your financial decisions technically from now on and wonder no more where all your money goes!