Money management is great in theory, and yes we know we all need to do better. But it’s hard and seems like a seriously daunting task. Luckily, you can try a number of money management apps! Technology can be a great virtual assistant for helping you keep your finances in check. These are the best ones to help you manage your money and budget like a pro.
Mint is my absolute favorite money management app. Not only is it easy to use (for pretty much anyone) it’s free, which is my favorite cost. And it’s actually owned by the same company that does Quickbooks and TurboTax, so they know their stuff! Mint is best used as an app to build and manage your personal budget. It allows you to build a budget and set target amounts for your different categories. You then connect it with your bank and the app automatically classifies all of your transactions. It then lets you know when you are over your budget. It also sends you regular updates to let you know where you are with your budget and gives you an overview of your weekly spending and where all of your money went. Plus it has great tools to help you set long-term money goals.
You Need A Budget
Also great for budgeting, You Need A Budget is a money management app that helps you keep control of your money. Except unlike Mint, it’s not free. Which automatically makes it not my favorite. That said, there are some great advantages to this app. The biggest one being that while other money management apps automatically classify your transactions for you (like Mint), You Need A Budget makes you do it every day which keeps you way more accountable for your money! This app is great for managing your monthly budget but its long-term and overall financial overview is limited. But it is great for making your spending front and center in your life.
Wally is great for helping you keep track of your expenses. Like Mint and You Need A Budget, Wally is great for working with your monthly budget. Much like all of my favorite apps, Wally is free. This money management app allows you to take a photo of your receipt instead of having to manually enter it. Plus it works with multiple currencies so if you happen to work with a currency that isn’t USD, this might be a great choice for you.
Spendee is a great money management app if you need to manage money with multiple people. While the rest of these apps work great for individuals, Spendee is built for groups. Spendee also imports and classifies your bank transactions and tracks your budget categories for you to make sure you stay under. Plus, it has a bill tracking function that helps you make sure you’re paying your bills on time. Technology can be a great asset when it comes to budgeting. Don’t do it alone! Let a money management app help you get in front of your finance and achieve your goals.
What money management app do you like to use? Tell me about it in the comments below.
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Tae started out as a journalist before following the money into the corporate world. But it turns out that the grass isn’t always greener and now you can find her spending most of her time writing about all the things she loves. Namely, money, travel and business with a hefty dose of self-deprecating humor. She is a podcast fanatic, blogging aficionado and loves to find new ways to turn passions into cold hard cash!