Two-thirds of Americans would struggle to find a spare $1000 in an emergency. If you want to avoid being one of them, it’s time to take a long hard look at your finances.
As with most things these days, there’s an app for that. Or rather, there are a whole bunch of different financial apps designed to help you with a range of money management tasks. From creating a budget to keeping track of your investments, paying off debts to splitting costs, there’s no financial function that these apps can’t help you with.
But which financial planning apps stand out from the rest? Let’s take a look at our top three!
1. Mint
Best For: General Budgeting
It’s easy to see why Mint’s 15 million users agree that it’s the best financial management app around. Mint makes keeping track of your personal finances simple by bringing together all of your cards, accounts, and financial data. With everything in one place, you’ll be able to see how much you’re spending in different categories, such as travel, groceries, and home, as well as setting and tracking new financial goals.
The site also provides you with free credit score tracking, as well as a breakdown of the factors that contribute to your credit score. From there, staying on top of your credit health will be a lot more manageable. Plus, you can use this financial planning app to track your investments and manage utility payments.
2. Personal Capital
Best For: Wealth Management
Alongside one of the best financial news apps, stock sentiment analysis by StockGeist, you’ll need somewhere to keep track of all your investments and growing wealth.
Personal Capital is a one-stop shop for monitoring everything from your real estate assets and stocks to your savings goals and spending. By tracking all of these financial aspects on a continuous basis, you’ll have a clear idea of your personal net worth at all times. And, as if that weren’t enough, this popular financial management app also reminds you when your bills are due.
3. You Need a Budget
Best For: Debt Reduction
You Need a Budget (aka YNAB) is a personal financial calculator app built around four essential rules:
- Give every dollar a job
- Embrace your true expenses
- Roll with the punches
- Age your money
These rules not only help you create a budget, but they also allow you to gain control of your spending habits. Thanks to detailed reports that highlight where your money goes and how you could improve your spending, YNAB makes it a lot easier to budget, pay debts, and save. In fact, according to YNAB, users should expect to save $600 in the first two months!
Try These Financial Apps for Yourself
Too many people take a casual approach to their finances and end up paying the price down the line. From leaving your investments to stagnate to overspending and drowning in debt, why struggle with money management when these financial apps are around to help you?
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