Taking control of your finances is not an easy thing to do in 2019. The prices of gas are high, daily consumer goods at a record high, kid’s education fees, travel expenses, and of course, your home and vehicle loans you need to pay off each month. It means that you need to make numerous payments in a month, thus keeping track of them is a cumbersome task. That is the reason why you need personal finance apps to manage your finances well depending on your incomes and expenses in a month. These mobile apps will connect with your savings account so that you can keep an eye on your spending.
When it comes to future bill payments, learning about your credit score, and investments, these apps are the best. Rich in powerful features such as alerts, email reminders, shared wallets, and tracking subscriptions, you cannot do without using these mobile apps.
According to an article published on https://www.huffpost.com, these apps installed in your smartphones are like your piggy bank. Forget about advice columns in some finance daily; simply put aside your savings in a couple of these apps to take stock of your money well. Here are some of the top apps to keep your money organized and manage your finances like a pro:
The app has the best visual representation and organizes your expenditures in neat categories. It will help you to figure out how well you are progressing as per the budget set by you. Look at the money you have left to spend in every category so that you can shell out sums accordingly and when necessary, else not.
Mobills help you to create a budget and comes with interactive charts that help you to evaluate your financial condition now. You can use the app features to make changes the way you spend so that you can realize your financial goals.
If you use credit cards, add all of them to the app so that you can view your current balance and spending limit all in a single platform. Similarly, add all your outstanding bills and future due dates so that you never miss a payment. It will help you pay your bills on time, thus improve your credit rating. That is because good payment histories will help you enhance your score.
You can use the free version of the app but with limited options. Therefore, if you need all the features, go for the premium version of Mobills.
Most of the financial apps in the market today are for individual use. Spendee, on the contrary, is the best app for shared expenses. The app helps you create shared wallets with your spouse or family members so that you can manage shared expenses together with 100 percent transparency. This way, there is no financial burden on one person. When both or more people know that they need to shell out some cash because of certain expenses, they can clear the payments divided by the number of persons. The app is best to manage household expenses that you need to meet every month.
For precise results, add cash expenses for a budget, creating budgeted amounts for every category and keeping an eye on the progress. The bill tracker feature will help you pay your bills on time and avoid late fees. For example, if you take out a loan from Nationaldebtreliefprograms, which both you and your spouse need to pay off, you can set alerts for future due dates. This way, both of you can make the payment on time without fail.
If you have subscribed to many services, then Clarity Money is just for you. There is no doubt about the same. Today, most companies are opting for subscription-based services. For example, when you subscribe to Netflix, Amazon Prime, Hulu, and host of others for viewing top TV shows and movies, you can lose track of the subscriptions. Now, if you do not watch much of Hulu now, then Clarity Money will remind you of the same and you stop paying for the subscription. You can cancel the subscription and save your hard-earned dollars anytime. Why pay for something that you do not require anymore?
Besides managing your subscriptions, the app will assess your spending habits or behavior to suggest tips so that you can improve your finances. The app lets you set aside some cash for regular savings and connect that financial goal to your savings. You can build numerous savings funds with different financial objectives. The choice is yours and Clarity Money is there to come to your assistance.
Keep track of your monthly budget by learning how much money you have spent. Then, you need to link your cards to this app. Besides, you have access to your credit score information by Experian.
If you are planning to create a budget and spend based on the same, then Every Dollar is your best bet. The app employs the zero-based budget technique as advised by finance experts. The zero-budget concept is unique and offers each dollar some purpose in the budget you create.
The app has an inherent expense tracking option so that you can link to your bank to add transactions to cope with your expenses and spending. There is also an option to split the expenses between several budget components. The feature will give you a clear idea of the amount you have spent and the balance left in a month. The app also helps you connect with money management professionals who offer tips and tricks for sound financial planning. You can access all information and budget via mobile or laptop or PC. If you are a new user, you will get a free trial of the paid version. If you are satisfied with the experience, you can upgrade to the premium version of EveryDollar. Try it and you will be surprised by the results.
Now that you know about these finance apps, use them to your benefit in 2019. Spend according to your budget and enjoy financial stability throughout the year.
Marina Thomas is a marketing and communication expert. She also serves as a content developer with many years of experience. She helps clients in long-term wealth plans. She has previously covered an extensive range of topics in her posts, including Money Saving, Budgeting, Crypto Currency, Business debt consolidation, Business, and Start-ups.