10 Best Mobile Apps that Helps Improves Your Personal Finance Goals
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10 Best Mobile Apps that Helps Improves Your Personal Finance Goals
Bookkeeping is undoubtedly a great way to keep track of a business’s financial transactions. But have you ever thought of keeping a record of your personal transactions?
Since many of us no longer balance a checkbook, it can be difficult to keep records of expenditures and the amount of the bank.
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Except you’re an accountant who’s already used to the system, it could be a little difficult. Nevertheless, several personal finance-focused mobile apps would help you keep track of all your financial transactions and improve your personal finance goals.
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Key Highlights
🎯 Keeping track of your business/ personal financial transactions is a great way to improve your personal finance goals
🎯 You don’t have to be an accountant to keep track of your daily transactions
🎯 Adopt a personal finance-focused mobile app that would help you keep track of all your financial transactions and improve your personal finance goals
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1. Mint
With Mint, credit cards, loans, investments, as well as bank and savings accounts, are just a few of the many types of accounts that can be synced for no cost. Mint tracks and organizes your expenses for budgetary purposes.
You can set upper and lower limitations, and Mint will let you know when you’re approaching them. Mint also provides Mintsights, which may be used to track goals, boost savings, and pay down debt.
The software also displays the user’s net worth and credit score, while offering comprehensive FAQs as well as a ton of help for using the app. One of the many outstanding features of Mint is that it keeps track of practically everything for you.
2. PocketGuard
PocketGuard tracks bills and links your credit cards, bank accounts, loans, and investments. The software uses the information to calculate how much money you have left over after allocating funds for bills, and other essentials.
Additionally, PocketGuard keeps track of your net worth and offers users the freedom to check their finances manually.
3. YNAB
This application enables those using it to decide on financial decisions to come rather than tracking previous purchases. With YNAB’s zero-based budgeting approach, you have to have a strategy in place for each dollar you make.
You can tell YNAB what percentage of your earnings should go toward several categories, such as savings, goals, and costs soon as you get paid.
The theory behind this is that when you’re forced to actively choose what to do with your money, you become more intentional with it.
The YNAB website provides a wealth of instructional tools that detail exactly how to budget and utilize the app to assist users in navigating that learning curve. To maintain YNAB, you need to be dedicated.
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4. Goodbudget
Goodbudget prioritizes budgeting above transaction tracking. This application is based on the envelope budgeting approach, in which you divide the many categories of spending (known as envelopes) among a fixed percentage of your monthly income.
However, the free version of Goodbudget has a restricted amount of envelopes, two accounts, and two devices while the premium provides more features including unlimited envelopes and accounts, up to five devices, and more.
5. EveryDollar
This mobile app offers a less complicated zero-based budgeting strategy with the premium plan of EveryDollar allowing you to link to your bank account and utilize several features.
The app automatically updates your purchases and provides recommendations and tailored reports.
Another interesting feature of this mobile app is the fact that it allows you to link your savings and investment accounts. Just like the name implies, you can monitor your every dollar.
6. Spendee
With the help of Spendee, you can create wallets with close friends and family members to manage shared expenses for a family budget. To keep track of their monthly spending, users can import bank transactions and allow the app to categorize them.
Additionally, the bill tracking function of Spendee ensures that you remember to pay all of your payments on time and avoid incurring late payment penalties.
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You can import your bank transactions and let the software classify them to keep track of your monthly spending.
For a more precise accounting of your spending, you may also manually add cash expenses.
Additionally, you can set budgeted amounts for each category of spending and monitor your progress toward them so you don’t have to worry about exceeding them.
7. Personal Capital
Personal Capital is a personal financial management company with its head office in Redwood Shores.
With the help of personal finance and wealth management software, you may manage your possessions, investments, and regular spending accounts.
Just link your bank account to track expenses and create a monthly budget, and this software will excellently show its expertise in aiding you in keeping track of and maximizing your investments.
8. Prism
Prism displays all of your invoices and bank accounts in one app, giving you a complete picture of your finances. The software lists more than 11,000 billers, including significant banks and even small energy providers.
You can prevent missing payments by adding your invoices to the app, where Prism will automatically keep track of them and alert you when payments are due.
9. Tiller Cash
Tiller Cash synchronizes with nearly 20,000 external financial sources, such as bank accounts, brokerage accounts, employer-sponsored retirement accounts, and other credit products.
Tiller automatically categorizes transactions gathered from your connected accounts and updates personalized Google or Excel spreadsheets every day, theoretically enabling expenditure tracking for every dollar you earn.
10. Mobills
Mobills classify your expenses to make it easier for you to keep track of how your spending is changing concerning your planned amount.
You may manage your spending as necessary by using the app, which displays how much money is still left for each budget category.
Final Thoughts
The most effective apps for personal finance often cater to certain market demands. Nevertheless, most of these apps are customizable.
The above-mentioned apps are effective, dependable, and simple to use when it comes to budgeting and keeping track of accounts and investments.
