Using this app, you have the ability to manage your investments along with your everyday spending habits. Read Also: 10 Best Stock Trading Apps 2020. If you set an expense limit for each item, you will receive notifications when you hit a certain level. If investments are something you want to keep an eye on, then Mint also has you covered with that, as you can manage them within the app as well. It allows you to employ the four main rules of budgeting: allocation of money for specific purposes, dividing large expenses into smaller ones, dynamically changing the budget depending on the situation, and not spending money as soon as it is received. In general, most personal finance apps are designed to track your expenses, manage your cash flow, plan a budget, and sync your records across your devices. Since their inception, Acorns has seen a lot of growth and now offers its’s customers even more options to manage their finances. You can start by determining a budget and Mobills will notify you of your spending habits to make sure you’re staying on track with your budget each month. It is no longer a challenging task at all and you avoid wasting paper altogether. Coming in at number seven on our list of personal finance apps is Personal Capital. It sounds like a pretty good service overall, however, after their initial trial period of 34 days, you’ll be required to pay a monthly subscription of $6.99, which is billed annually at $83.99. The app is led by little animated ‘savings monsters’ who add a level of gamification and make it fun to save. This one follows a zero-based budget approach, which means that it gives every single dollar a purpose in the budget, hence the apps name. YNAB can be downloaded on to both Android and iOS devices, which enables you to manage your spending well. Invoices are sent directly to the app and all money transfers are protected through special codes to ensure security. The payments can be made only from the specified envelope. Once you add all your accounts to the app, it will pull in all your information and display it back to you in a pie chart. Moreover, you also earn 2x points on recurring bills, dining and groceries, and you get to choose your own rewards! That’s why using a personal finance app, like the ones we’ve listed below, is a fantastic idea. They’ve also introduced “MintInsights”, which uses your data to calculate individual personal recommendations, ranging from consolidating debt and creating budgets, to ideas on growing your investments. Their debit card allows you to spend money as you normally would, but manage all those transactions in your Acorns account. This app analyses presents all information related to your personal finance in the form of graphs and diagrams. Money Smart. Each app is good for a certain category, so we'll take a look at each and look at their features. We are continuing on our mission to inspire and motivate people around the world. Essentially, what their service does, is take the spare change from any purchase you’ve made and invest it automatically into different portfolios, made up mainly from ETFs. A wide variety of smartphones and mobile apps are easily available now and this has enabled individuals to manage their personal finance in a better manner. By using their app, YNAB claims the average new user saves around $600 in the first two months and roughly $6,000 a year. Clarity Money is a free personal finance app backed by Goldman Sach's online Marcus bank. Can be used with Apple/Samsung/Google pay All data entered into one of your accounts through one device can be accessed from other devices as well. Next, you can check the detailed reports to see how your spending is going throughout the month and look out for any potential issues. Here’s a quick recap of the 10 best personal finance apps: The 10 Cheapest Countries to Live in Worldwide. Best Personal Finance App for Android. PocketGuard is one of the best personal finance apps, available both on Google Play for Android devices and the App Store for iOS devices. Next, you’ll link your accounts and YNAB will import all your transactions, giving you the option to assign each of them a specific category. Every Dollar allows you to connect all your accounts and keep an eye on your finances in one place, similar to most apps on our list. Copyrights 2020, Redbytes. Are your expenses unexpected and spontaneous? Moneydance is a desktop-based personal finance manager that boasts strong security, online bill pay, and support for multiple currencies (including cryptocurrencies). You will have to set up the notification system on your own but Prism’s exclusive offers even allow you to save some money. 11 Best Personal Finance Apps 2020 1) Mint 2) You Need A Budget (YNAB) 3) PocketGuard 4) Wally Next 5) Spendee Budget and Money Tracker 6) Dollarbird 7) Monefy 8) Prism 9) Albert 10) Goodbudget 11) Acorns Here are a few more articles that may be of interest. Toshl Finance. To keep track of payments, you just have to enter them into this financial calendar. It makes money by suggesting offers and deals for credit cards and loans to its users. If you are a person that likes the minimalistic modern design and want to control expenses, then this app is for you. You just have to add the details related to the cup of coffee, croissant, or business lunch you had at a café. In conclusion, all of these personal finance apps are available for both Android and iOS devices. It analyzes the user's SMS inbox to track expenses and sort them into groups like bills, shopping, fuel, grocery, travel, etc. It’s pretty visual when it comes to the data presentation side of things and will present your information in easy on the eye interactive charts. Although you can track your everyday habits and create a budget in the app, it’s true potential really comes to life by helping you track and optimise your investments.