Managing your money and sticking to a budget is easier than ever before. In fact, given the abundance of personal finance applications available, you have no excuse to save a few dollars.
Good news! There are a bunch of great apps that can do all the work for you, take your pick and start your saving journey today.
Most Convenient: Pocketbook
Pocketbook links with your bank account (you permit it to do so) to automatically sync expenses into the app, therefore, giving you a complete view of your spending. Pocketbook categorises your transactions and gives you a full breakdown of your spending. This feature helps you find and manage the places to trim and save your money.
The app analyses your spending and sets up spending limits to make sure you reach your financial goals.
In the same way, it will also alert you of upcoming bills and when you're getting close to your spending limits. Pocketbook is an easy to use interface with weekly, monthly and six-monthly overviews. To make this app even better, it encrypts all your information for security and alerts you of fraudulent transactions and deductions.
Invest Your Round-Ups: Raiz
Raiz is a micro-investing app that allows you to create 'round-ups' to invest in a diversified portfolio of stocks and bonds. Raiz makes it easy to invest small amounts of money from everyday expenses regularly. Although it is primarily an investment app, it also has features to help you save.
The 'My Finance' feature within the app provides personalised insights into your spending. It helps create categories that break down your expenses on a month-to-month basis, helping to manage your money.
A Good One for Families or Couples: Goodbudget
Goodbudget is an app designed to help couples and families stay on track with their finances by syncing data across multiple devices. Goodbudget is based on the envelope budgeting system.
This system allows you to create 'envelopes' where you set limits for certain categories of spending, limiting you to only spend the money you have. Be on the same page as your other half and check balances left in each envelope while on-the-go. Lastly, to make budgeting even more interesting, Goodbudget presents all your spending on cool-looking pie charts in the app.
The Best for Bill-Splitting: Splitwise
Splitwise is the easiest way to share expenses with others, and removes the stress of "who owes who". This app is ideal if you frequently share expenses with someone, keeping track of who needs to pay who and when assisting you in managing your money and budget. Splitwise's mission is to reduce the stress and awkwardness that money can put our most important relationships.
The Bottom Line:
A variety of apps can make staying on top of your expenses and saving possible anywhere, at any time. The 4 apps highlighted are a good place to start and offer you endless possibilities to stay on track.