Leaving 2016 and entering 2017 full of new financial resolutions can become a new start for changing your financial habits. By the way, you might want to have someone or even something to navigate you throughout the process. Of course, this is about the best apps for your electronic devices that helped thousands of people keep track of their expenses in 2016.
This app isn’t free and costs $6 for installation. However, out of hundred other similar apps, HomeBudget with Sync turned out to be very easy and convenient for users. It does require a manual data input (the information about your income and expenses), but it won’t difficult. Even an inexperienced app user can handle the setting in minutes. The other benefit is the app sync that makes a tracking process even more accessible.
YNAB or simply “You Need A Budget” is another option for those who are ready to pay for the apps ($5 per month). The great advantage of the YNAB latest version is the ability to automatically import all of your bank accounts and expenses. However, it allows managing the budget manually.
Just like HimeBudget, the app offers synchronization of different devices, which is extremely helpful for couples sharing a single budget plan. Millennials who look for similar apps can read about the best finance apps for young adults.
Even though BullGuard is a free app, it may become even a greater alternative to the paid apps mentioned above. Data entry is the only thing you are going to need since the app tracks your expenses automatically without any manual setup.
A unique feature of this app is the possibility to review each of the expenses and decide whether they can be approved or not. And the name “BillGuard” is completely justified as the app is quite careful with the owner’s finances’ safety.
Speaking of free apps that contribute to saving money, one of the most efficient apps of this type is Digit. The actions there are automated as well. You just connect Digit to your bank account and it will take out small amounts of money (every 7 days) to store them into your savings.
The whole app is designed as a text manager. It occasionally sends you notifications about your current balance, recent credit card actions, etc.
Most of the financial apps try to follow a professional and very formal way of money management. Of course, more people don’t want to mix their money and entertainment, but the Qapital app is a great exception to this common rule.
Capital helps you create your budget and sets specific rules or goals. The app gives you ‘punishments’ each time the goal is not completed. For instance, you spent more on your shopping than you had planned. In this case, some of your money will be automatically taken away from your balance to your savings account.
If you ask experienced device users which financial apps make the most value out of all, most of them will mention the Mint app. What’s so special about this particular app? It is an archetype for all other finance apps available on the web.
Mint can be categorized as a budgeting app, however, many people DO NOT recommend Mint for this purpose. The main reason is that Mint has numerous shortcomings, especially in categorizing transactions in the wrong way. In the meantime, Mint is a perfect platform to review all of your stored credit card balances and see a clear picture of your current budget situation.
If you are looking for an alternative way to a well-known Mint, this is a great option to go for. This app is free, convenient, and goal-oriented.
You may use Personal Capital for various purposes, starting from managing your retirement savings and finishing with figuring out your net worth. Another perk is that the app offers financial assistance from professional advisors you can always turn to.
What about having a personal pocket finance coach? Such an option is available if you use the app with a very short and understandable name Penny. It is a chat space that connects you to a money coach who watches over your spending and income.
Also, it gives you recommendations about better money management and planning. It’s just nice to know there is someone taking care of your spending while you may not.