There are two key elements involved in becoming financially comfortable. You need a good management technique for your money and a way to make more than you need. We’ve gathered some of the best personal finance apps to help you do just that—so you can start creating and growing your wealth today.
Apps To Manage Your Finances
The apps here can help with three fundamental aspects of personal finance: budgeting, saving, and tracking expenses. The more we know about how much money we receive in a month and what we’re spending it on, the more likely we are to live the life we want.
Google Sheet
Google Sheets, or any other spreadsheet really, is a simple way to record your expenses and plan ahead. Other than grabbing some paper and typing it up, spreadsheets are about as age-old as it gets. All you need to do is fill the cells with your income, expenses, etc. And then you see what you earn and how much you spend each month.
We recommend Google Sheets because it’s free, and as long as you’re connected to the internet, it automatically saves every input. You can also access it from any of your devices. It’s clunky but so much easier than other apps. It’s also an excellent choice for highly security-conscious users who prefer not to expose their earnings to third-party apps. You need to manually input every little detail, which can be stressful. However, this could be a blessing in disguise; the action of manually recording your spending can make you second guess your purchases.
YNAB
You Need a Budget (YNAB) is a budgeting app with a different approach. YNAB is about giving every buck a purpose and prepping users for the big things in life. The app is all about getting out of debt, saving money, and no longer living on monthly wages. It provides budgeting features, expense tracking, and a community of fellow users that provides personal finance tips for beginners. YNAB is the perfect option for small business owners who want to control their finances and set a healthy financial foundation.
Mint
Mint is one of the most used money-saver apps on the market – it has over 25 million users currently. It’s cost-free and gives everyone, with any skill level, the power to manage their finances. All you need to do is connect your bank account to check your balance regularly, receive rent reminders, or even look up your current credit score – all in one money app.
Financial Calculator
Financial Calculator is an indispensable tool for planning your future finances. The app is a bundle of calculators that can assist you with various tasks. For example, it includes a loan calculator to estimate your monthly payments and interest rates. This app features roughly 30 to 40 calculators, covering home purchases, fixed vs. variable rates, and even return-on-investment calculations. While it doesn’t directly handle your money, it can help you avoid making poor choices on future expenditures. It’s one of the essential apps for budgeting.
My Budget Book
My Budget Book is a comprehensive app designed for serious budget management. It offers detailed features that enable you to set spending limits for various types of expenses, such as clothing, entertainment, and more. The app operates completely offline, is free of ads and in-app purchases, and comes with a customizable Material Design theme. Its high level of personalization makes it a powerful tool for budgeting. While it lacks some advanced features like cross-platform support, it remains effective without them. The only drawback is that the app requires an upfront purchase.
Apps To Increase Your Wealth
While saving and budgeting help you plan and manage your resources, finding ways to add to your wealth ensures long-term financial freedom. These are useful apps to keep an eye on the financial market and remain focused on your investments.
TradingView
The TradingView app is a web-based and mobile platform that provides advanced charting tools, financial market data, and a social community for traders and investors. It’s widely used for analyzing and tracking price movements across various financial markets, including stocks, forex, cryptocurrencies, commodities, etc.
While TradingView doesn’t allow you to execute trades directly, it’s a powerful tool for research and decision-making. Users rely on it to study market trends, set up alerts, and discuss ideas with a community of traders.
Investing.com
Investing.com is a popular website for the latest news in different financial markets. Developers have introduced an app to make it convenient for users who need personalized alerts and a calendar to keep up with market developments and how these affect their investments. The app also has an exclusive news feed to keep investors financially up-to-date.
Yahoo Finance
Similar to Investing.com, Yahoo Finance offers you daily finance news on its website and an app to track your investments and stock market patterns. You can look at historical numbers, ESG ratings, and the highest holding companies to get your head around all the noise. Yahoo Finance also provides automated stock portfolio management and tracking, in addition to its strong business news coverage. You can connect to your brokerage account securely or configure your portfolio yourself. Either way, you will get up-to-date information on your portfolio’s performance, including tools to track dividends and sector growth.
Sharesight
Sharesight is an investment portfolio monitor that lets investors and finance professionals keep track of stocks, dividends, ETFs, and more.
It communicates with brokers to automate trades, splits, and corporate behavior. Sharesight allows users to view their total annualized returns for any timeframe and receive everything they require to complete the tax season easily.
Morningstar
The Morningstar Investor app can help traders understand complex data and research insights across various investment options, including managed funds, publicly traded companies, private capital markets, debt securities, and real-time global market trends. The app is known for its trusted rating system that helps investors evaluate the fundamentals of various investments. It has a huge database that covers over 10,000 stocks, 24,000 mutual funds, and more than 850 Exchange-Traded Funds (ETFs). There is also a section with independent analyst opinions to guide knowledgeable investment decisions.
Apps To Increase Your Wealth
Managing and growing your finances has never been more comfortable, thanks to the different apps available today. Whether you’re looking to create a budget, track expenses, or invest for the future, the apps here offer powerful tools to meet your financial goals. The key is finding the one that suits your needs and making the most of its features. Take control of your finances and build wealth today.
