Managing your money’s a tricky job if you’re not a professional accountant. It can be difficult to keep track of everything, from income to expenses, savings, bills, groceries and more. Luckily, with the technology we have today, it’s become a lot easier to successfully manage money. All you need to do is pick the best app for your needs and you’re on the right path. You can now have full insight about your finances and you’ll be able to track real-time cash flow and all your expenses. The apps will also help you organize your budget, and help you to set and achieve financial goals. Now that summer vacation, new stereo, car, or even a house payment doesn’t seem so distant and impossible. All you need to do is learn how to make priorities and stick to the set budget.
Check out our list of 5 great apps to help you successfully manage your money. They’ll make your life so much easier!
1 – Simple
The idea and the whole concept of Simple is making your life easier through simplifying your finances. You’ll get a white and simple Visa debit card and you’ll have access to an online bank so you can digitally move money between banks, digitally deposit checks, and find a free ATM closest to you. Another great feature of this app is the savings goals you can set. Once you’ve set a goal, you’ll have money automatically stashed away for that purpose. You don’t have to struggle to save up for a new pair of shoes, a vacation, or even a down payment for a house. The app provides automatic saving and budgeting. When you reach your goals, you’ll feel like a champ! This will also help you balance your lifelong dreams with monthly expenses, along with everything in between. Most banks show you the current balance so you think you know how much money you have for spending. The Simple app calculates your rent, groceries, and other expenses you need to pay that week or month to show you the amount you can use freely. For all the people who are not the best at managing their money, the app sends very useful e-mails to explain the financial planning basics. In addition to all this, there are absolutely no fees! The combination of Safe-to-Spend and Goals ensures you’ll make the right decisions, and spend and save smarter.
The benefits and the features of the Simple app are:
- Accessible via web, iPhone, and Android
- 55,000 Fee-Free ATMs
- Automatic Saving and Budgeting
- Send Checks Free
- Photo Check Deposit
- No fees
- Safe-to-Spend balance
- Powerful Search using hashtags to find the best deals
- Powerful Reporting to see all the details of your transactions
- Simple Instant for easily moving money between Simple users
- External Transfers to any account you own for free
- Pay Bills automatically or on demand
- Great Customer Service
2 – Mint
Mint‘s another free app for iOS, Android, and Windows. It’s become very popular because it considers all the money you have and provides all the tools necessary to help you balance between your earnings and spending while still saving and budgeting. It’ll sync up all your accounts, including bank accounts, mutual funds, your 401(k) or IRA. You’ll see all the sections perfectly organized to give you the bigger financial picture. You can see all recent transactions in the Updates section. To get account totals, monthly budget, and credit score, go to Overview. Here you’ll also get the alerts if you went over budget, a well as all your spending sorted by categories.
When we use our debit cards or credit cards for all the purchases, we don’t get the feeling we’ve actually spent a lot of money because it didn’t go through our hands. The Mint app doesn’t allow for this to happen and it shows real time cash flow, including expenses, deposits, debts, and other. Although it’s most efficient for credit card transactions, this format can also be applied to cash transactions, as long as you enter every purchase you make. Based on the information gathered from your transactions, this great app will analyze your spending habits to help you determine where you can save more money.
The features of the Mint app are:
- Sign up free
- All-in-one – get a clear view of your total financial life.
- Protection 24/7
- Triple layer security
- Extra security for mobile
- Get advice and tips
- See all the details
- Easy to personalize
- Simple to use
- Easy to understand as it uses plain English (no jargon!)
- Bill reminders and all bills in one place
- Alerts when you go over-budget and if there’s any unusual spending
- Avoid unnecessary fees
- Always know what’s left in your account
- Meet your savings goals
- Create budgets you can actually stick to
- Phone & tablet apps to manage your money from wherever you are
3 – HomeBudget
HomeBugdet‘s a great and user-friendly app to help you manage and save money. The “lite” version is free, while the full version calls for a small investment of $4.99 for iOS and $5.99 for Android. The benefit of this app’s that it’s all very clear, color coded, and easy to navigate. The home screen shows the amounts of money in the categories named Expenses, Bills, Income, Budget, and Accounts. The chart below the categories shows what percentage of your income is needed to cover the expenses, as well as a total balance. This app’s especially useful or freelancers because of the well-organized Income section. You can enter the clients into the Description section and organize by the client (category) or date. The Reports tab lets you see the big picture of your finances, and you can also view this in landscape for a broader look at your spending, budgeting, and accounts, month-to-month. The Payees section’s a place to add the people that you regularly pay. The Search tab makes it easy to find a check you deposited a long time ago by simply searching for the specific client. HomeBudget’s an integrated app that serves as a tracker for your expenses, income, bills-due, and account balances. Analyzing your expenses, the app will show charts and graphs and support your budgeting, The reason for the app’s name is the key feature of this app called Family sync. It allows for multiple devices within the household to work together within a single home budget.
- Free lite version
- Available for iOS and Android
- Family Sync
- Advanced Search
- Managing expenses, income, and bills
- Calendar and list view of Bills
- Bill reminders
- Attach photo images of receipts
- Set a budget and track expenses by category
- Simple and colorful display
- Support for Accounts such as Checking, Savings, Credit, Debit, Cash, etc.
- Trend chart for Expense, Budget, and Income for the last 6 months
- Pie/Bar charts for expense break-down
- Export data/reports by email or via WiFi
- Backup/Restore complete application data, including all receipts
- Ability to upload your own list of category icons
4 – Wally
Wally‘s a free app that allows you to take control of your money, aavailable for Android and iOS. It helps you balance your income with expenses so you can get a better understanding where your money went. This app can also help you set and achieve financial goals automatically and effortlessly. Times are hard for managing finances since there are so many different places our money goes, including bills, taxes, expenses, fees, debts, etc. That’s why most of us find it hard to keep track of it all and we never really know how much money we have available. We sometimes get ahead of ourselves with a purchase and then regret it later when we fall into debt.
If you want to save money efficiently, while still leading a normal life, apps like Wally can prove to be very useful. By giving you the insight into your finance through tables and graphics, you will gain a better understanding of your financial situation. You’ll know what your budget is for certain things, and you’ll have the mechanisms for saving money for that summer vacation, Christmas presents for your loved ones, or whatever you can think of. This app brings you all the financial information you need into easy view so you can take control of your expenses. There’ll be no more unnecessary purchases when you set a savings target. You’ll be motivated to reach it and when you do, it’ll be very rewarding. Besides savings goals, you can also set a spending budget and income. You can now save detailed info about your spending that will include not only how much you’ve spent but also where and with who.
The benefits and features of Wally app are:
- Available for Android and iOS for free
- 360-degree view on your money
- Simple and intuitive
- Set savings goals, spending budget and income
- Quickly create and view expenses
- Keep track of money saved
- Social tools and location tools
- Detailed info about your spending: where, when, what, why, and how much
5 – Honey
And finally, an app to help you save money on online purchases. Pay attention here and you’ll never overpay again. Honey‘s a free app for Chrome that finds coupon codes on sites you’re shopping on and during checkout, you can simply click the button to apply the coupon that’ll save you the most money. Never miss another promo code again and save tons of cash. Not only does this app save you money, it’ll also save you a lot of time you’d spend searching for coupons. This browser extension plugin’s also available for desktop versions of Firefox, Safari, and Opera. Once you’ve installed the plugin you can sit back and enjoy your shopping as the Honey sidebar will automatically activate once you get to the checkout screen. You’ll be able to try codes to choose the best one. The good thing’s that this app works on thousands of stores, including international stores and they’re adding more each day. What’s even better, if you get an advanced version, Honey Gold, you’ll even get paid for shopping! You’ll receive rewards for your online purchases, and once you’ve accumulated enough HoneyGold, you can redeem it for gift cards, cash, or even real gold! Seriously, real gold! What you need to do to get this bonus is to get HoneyGold, and when there’s an exclusive offer, simply press the “Get” button and check out like you always do. You can also choose to receive personalized offers for shopping at your favorite stores. If you want to get exclusive offers, you’ll need to register an account, but if you only want to get publicly available codes and sales, registration isn’t required.
The benefits of using Honey are:
- Available for Chrome, Firefox, Safari, and Opera
- Free for Chrome
- Save time and money
- Automatically apply the best codes to get the biggest discounts
- Simple and easy to use
- Earn cash backs, gift cards, or even real gold with HoneyGold
- Get special offers for your favorite stores
Check out how Honey works in the video below: