Money management is an important responsibility if you want to live a good life. It’s been said that managing money is one of the most challenging things you can do, but it’s also one of the most rewarding. Here are some of the best money management apps that’ll do the hard work for you.
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What to Look for in a Good Money Management App?
When choosing an app, the first thing you want to do is to determine how much money you want to spend on it. Some apps are free, while others charge a fee or require subscriptions. It’s also essential that the app has features that meet your needs. For example, if you want an app that helps with budgeting, then make sure the app has a budgeting feature. If you’re looking for ways to save money on groceries or gas, make sure the app has those options.
Personal Capital is built to help you keep track of your transactions and cash flow. While similar services only offer this functionality, Personal Capital goes above and beyond by allowing you to monitor your investments. This allows the app to act as a one-stop-shop for your financial needs.
Mint is the app that helps you manage your money. Whether you’re looking to track your bank accounts, bills, or net worth, Mint can help. Mint is connected to over 12,000 banks and credit unions and helps you see a single view of all of your finances. You can see how much you have in cash and investments, your monthly expenses, and your net worth in a single glance.
PocketGuard is a great money management app. When you’re trying to keep track of your finances and all the transactions in a given month, it can be challenging to keep everything straight and organized. PocketGuard makes this much easier by allowing you to enter your transactions into their system and then categorize them according to what type of purchase or payment they were for.
With Simplifi, all of your transactions are automatically categorized and broken down into spending categories. That way, you can see exactly where your money is going and what you need to cut back on. It can split your expenses to see what the last amount you spent on casino games or even collectible figurines was.
You Need a Budget (YNAB)
You Need a Budget (YNAB) is a great money management app. It’s useful for people who want to take charge of their finances but have trouble coming up with a concrete plan. With YNAB, you can set up an account that tracks your expenses and income plus automatically updates when you make new purchases.
In the end, you’ll have your own set of priorities, and you could tinker with all these apps for months before deciding which one is best for you. Even then, though, none of them may be perfect. No app can solve all your money management problems by itself. However, a good money management app should save you time and make your financial life more manageable.