Introduction
Many apps can help you make managing your finances both easy and enjoyable. If your goal is to follow your expenditures, put money away for the future or start investing, there are simple apps for that. We will review and suggest a few excellent budgeting, investing and money management applications that will help you manage your finances.
Most Useful Budgeting Solutions
Mint
Mint is widely used to assist you in making a budget and keeping track of what you spend. It will categorize your expenses by linking to all of your bank and credit card accounts. You can access information on your bills, credit score and savings through Mint.
- Features: Keeping an eye on your budget, getting reminders for bills, watching your credit score, grouping your expenses.
- The reason I love it: It is simple to use, download without paying and teaches you about how you spend your money.
The Method Recommended by YNAB (You Need a Budget)
YNAB is ideal for anyone who wants to handle their finances and set particular money goals. Zero-based budgeting is the method used in this app, allowing every dollar to be assigned somewhere so none goes unused.
- Features: Set goals, track progress in real time, get detailed results.
- What’s Notable: You can decide where to focus your savings and keep all your spending in one place.
PocketGuard
PocketGuard calculates your discretionary income for you after you pay all your monthly expenses. Thanks to it, you might spend less and can establish budgets for individual categories.
- Features: Transactions are automatically sorted, you have a clear dashboard and there is a spending limit to stick to.
- Why It’s Great: You don’t have to be a financial expert to use this simple app.
Top Best Investing Apps
Robinhood
For people just starting to invest, Robinhood is considered one of the easiest apps to use. With Zero, trading stocks, ETFs and cryptocurrencies is commission-free. This app is easy to get started with and is designed for those who wish to invest with little money.
- Features: Trading stocks for free, buying fractional shares and trading cryptocurrencies.
- Reasons to Love It: No fees for trading and the app is easy for anyone to use.
Acorns
The Acorns app takes your change from each purchase and invests it in several different investments. It’s a simple way to start putting your money to work. You can start investing in retirement plans on the app.
- Some features to try: Automated investing, saving your “extra” money and retirement savings as well.
- Why It’s Great: Your money increases slowly and safely without much extra work on your end.
Stash
It’s possible to start investing on Stash for just $5. You can trade stocks, ETFs and set up a retirement account, all with the help of useful educational resources.
- What it offers: Low cost to begin, learning tools and support for planning retirement.
- For new investors, it’s excellent: You can invest a little at a time and grow your knowledge.
Top Apps for Handling Your Money
GoodBudget
GoodBudget creates a virtual envelope system to help you manage your expenses. You use categories (or “envelopes”) to help you organize and manage your money. The process is so easy and works well for anyone looking to manage their cash flow.
- Features Include: Allowing you to allocate funds, monitor expenses and use it on any device linked to the cloud.
- What Makes It Great: Lets you see at a glance how much you spend, so you can stick to your budget.
Previously Known as Simple Bank, Simple Goes by This Name Now
With Simple, your banking and budgeting can be easily handled in the same app. It works by transferring a small part of your pay each time into several different goals for you.
- Goal setting: Savings that happen automatically and budgeting tools are available.
- It’s great because: It is easy and it automatically helps you set your savings goals.
Twine
Twine is intended for couples and others who divide expenses. It makes it possible for you to build up savings for anything important, like a holiday or emergency money. You are able to review how you spend, choose targets and follow your results.
- Features: Goals shared between users, money added automatically and all progress followed.
- Why It’s Worthwhile: The idea is that you and your partner can save and manage your funds together.
How Do You Find the Right App for You?
Assess What You Need
Do you want our assistance with budgeting or do you want to start exploring investing? Pick the application that you believe will achieve your goals.
Look at the Features
Review the available features to determine if you can use them to track, save for goals or invest.
Make Sure You Look for Any Fees
Be sure to find out if you’ll need to pay extra for some features in the app.
Read Reviews
Look at what other users are saying before you install any app to ensure you will find it useful.
FAQs
Q: What is the top app for managing your budget?
It’s easy to use Mint to handle your budget since it automatically tracks your expenses.
Is it possible to start investing with only a small amount of cash?
A: Yes! With apps like Robinhood and Acorns, you don’t need much cash to begin investing, since you can join for as little as $5.
Are there any applications available to save money without you having to think about it?
Acorns and Simple, along with other apps, make it easy to save money through round-ups of your purchases and by investing them in an account.
Q: How do I access these apps—is there a cost?
You can use budgeting apps like Mint completely free of charge. Although some apps charge for special features, basic versions of these apps are often provided free of charge.
