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Managing your money and finances in this age of economical crisis isn’t easy. Most of us docarry a checkbook to keep a track of our expenses or finances. Keeping up with bank balance can also get difficult during such times but here finance apps can come in handy that can help you with your spending and finances. In addition to managing your finances, these finance apps can help you manage and track your spending so that you can better manage your money.
There are so many finance apps available out there but we have compiled a list of some of the best personal finance apps that come with several features such as email reminders, bill due dates, track subscriptions, shared wallets, etc that make it so much easier to manage personal finances. All the apps that we are going to discuss are available for your smartphone and you can use them without any hassle. Let’s have a look at those apps:
Mint is a well-known personal finance app that is used by people from all over the world, including India. This app helps to manage all personal finances in one place. Mint allows users to link their credit and debit cards to their account which pulls all the transactions from the card and then categorizes them accordingly & shows how the money is being spent. Through Mint, users can keep a track of their spending and bills & also create a budget to which they can stick.
All the features that Mint provides make it easier for users to manage their finances in a better way. The best thing about Mint is that it provides a breakdown of the factors contributing to your spending so that you can better manage your spending.
There are more popular investing options in India such as Upstox and Zerodha which offers applications for mobile phones. UPI apps such as Paytm, Google Pay has gain huge traction over the past few years with rising number of transaction each year. WhatsApp supports UPI payment via it’s official application. It is recommended to use the official app instead of a third-party client GbWhatsApp to process the UPI transactions. CamScanner is a popular PDF scanner which can help you scan PDFs and payment receipts and save them into your device.
You Need A Budget
YNAB or You Need A Budget is another personal finance that you should try to manage your finances. The app is based on four rules; give every dollar a job, embrace your true expenses, roll with the punches and age your money. These four rules are very important and these can help you not only manage your expenses but also gain control over your spending.
Just like Mint, YNAB also allows you to import transactions from your account and categorize your transaction according to their category. It also lets you adjust your budget categories if your budget gets disturbed. The app is available for free for the first month, after which you can buy the subscription.
Personal Capital is another finance management app that makes management of your money, assets, and investments in a better way. It allows you to manage your everyday spending along with other aforementioned things easily. It also lets you connect your bank account to the app, just like other apps to keep a detailed track of your spending and make a budget accordingly.
The app has a built-in intelligence system available that allows you to discover new opportunities to broaden your portfolio and discover any hidden fees that you may be paying without knowing.
Spendee is a finance app that is different from other apps. Most finance apps are for individual use only but Spendee is different because it lets you create shared wallets with your friends, family members, or partners to manage shared expenses. You can import bank transactions into the app easily, just like most finance apps, and categorize them for easy management.
The app lets you keep a tally of how much money you are spending every month. To make things even more accurate, the app also gives an option for the manual addition of cash expenses. If you are having a joint account with someone, going on a trip, or need to track your spending & keep yourself on a budget then this is the app that you need.
Prism is a finance and money-managing app that you should at least try once. It keeps all your bills and financial accounts in a single place so that you can manage all your expenses from just a single app. The app lets you add your bills and expenses to the app & these bills are then automatically updated every month. It makes tracking bills and sending reminders very easy.
The app can also be used to pay bills automatically by scheduling payments in advance. Since multiple bills and expenses are added to a single app, it makes managing bills & finances easy and eliminates the need for logging into multiple accounts.