Managing your personal finances is no easy task. From planning your budget to handling investments, it can be easy to get overwhelmed. And yet, learning how to manage your personal finances is highly important. A few years ago, checkbooks and paper bills were vital to keep track and organize your finances. Today, you can find a host of personal finance apps that are developed to make handling your money and investments more efficient.

The market is saturated with personal finance apps that are designed to handle specific aspects of your finances. You can select the apps from the top-rated ones in the market according to your specific finance needs.

six useful personal finance apps

1. Mint

Are you looking for a general finance management app? Mint should be on top of your list! This is one of the most popular personal finance apps in the market today and it has built a solid reputation. The easy-to-use interface and intuitive design contribute to its popularity. In addition, it comes with a host of useful features that you can take advantage of for improved financial management.

Some of the top features of Mint include the following:

  • Account Tracking: Use this to manage all of your accounts such as credit cards, investment accounts, student loans, and car loans, among others.
  • Budgeting: This feature enables you to create a budget and determine your expenses.
  • Bills Payment: You can get alerts when you have bills that need to get paid.
  • Savings Goal: Use this feature to keep track of your short- and long-term financial goals.

The best part about Mint is that it is available for free. You can use it on your desktop or mobile device.

2. Wally

One of the best ways to manage your finances is to keep track of your spending. Wally is a personal finance app that is designed for this purpose. This personal expense tracking app is also free to use. To use this app, simply take a picture of your receipt so you won’t have to manually input your expenses. This is a clean and streamlined app that is ideal if you want to take a closer look at how you are spending your money. With the information from this app, you can create a more accurate budget plan in the future.

3. You Need a Budget

If you consider yourself a budget freak, this is the app for you! Just like Mint, this app is raved about by its users for its all-in-one budget management solution. In particular, this app is suitable for those who are planning to get out of debt. This app aims to empower your financial choices so you can stop living paycheck-to-paycheck. The principle behind the development of this app is to make every dollar work.

You Need a Budget is a smart finance management app because it does not let you work with a projected income. Instead, it helps you create a budget based on income you already have. It forces you to live within your means. It is like your virtual accountability partner, which is one of the best apps for those who are frustrated with budgeting. This app enables you to set up weekly or monthly budgets. You can even set up individual projects, such as paying off debt or saving for travel. There are different tools available depending on where you are in your quest towards financial freedom.

4. LearnVest

While there are plenty of finance management apps out there, there are not much for  potential investors. This is why LearnVest is one of the top-rated finance apps out there. The basic version is free but you can pay a one-time fee of $299 (or $19 a month) if you want to access the financial planner.

This comprehensive financial planning app offers budgeting and investment tools. You can also gain access to a knowledge center that is filled with helpful financial and investment tips. You can develop a personalized financial plan and discuss with a certified financial planner about your financial goals. Whether you are looking to invest or plan for retirement, LearnVest is a powerful tool.

5. PocketGuard

This Android and iOS app is available for free for those who are looking for an all-in-one budget app. You can link your bank and card accounts to this app via an encrypted (or read-only) connection. From the app, you can monitor your accounts so you know exactly how much money you have in your account. At the same time, the app details exactly how much you can spend within a given day.

Another great feature of this finance app is the ability to track your purchases, bills payment, subscriptions, and other expenses. Based on the information on your account, the app will provide an estimate of how much you can safely spend without risking your account stability.

6. Acorns

Saving might seem like a simple task. However, a lot of people need that extra motivation in order to reach their financial goals. If you consider yourself to be one of them, you need to use the Acorns app. This app is designed to make saving painless and efficient. By automating your savings, you can guarantee that a portion of your monthly income is invested or saved. For every purchase made on your card, Acorns puts that amount towards a low-cost ETF (exchange-traded funds) based on your risk/investment portfolio. Wouldn’t it be nice to find extra money on your investment each year? You might not even notice it, but the results could be significant as time goes by.

Other Recommended Personal Finance Apps

The personal finance apps listed above are recommended for anyone who wishes to improve their budget and overall financial management. If you are looking for more options, here are some to consider:

  • TaxSlayer: If you want to simplify the complicated process of handling your taxes, this app is the one for you.
  • Clarity Money: This is a simplified budget app that analyzes your spending. The app can provide recommendations on where you can make more savings.
  • Spendee: This app features a user-friendly interface for tracking your budget. If you are a premium user, you can even sync your bank accounts for automatic expense logging.
  • Digit: If you want to save extra bucks without making an effort, this is the ideal app to use. It analyzes your income and spending to see where it can get a small amount to add to your savings.

Looking to stay on budget? Or do you want to have an efficient system for handling your investments? You can choose from any of the top personal finance apps listed above. With the right app and self-discipline, you should be on your way to attaining financial freedom.