Budgeting is a smart move if you want to spend your money wisely, and tuck away some of it in the form of investments, retirement fund, and savings account. But, creating an actionable budget is easier said than done. Thankfully, here are six personal finance apps that’ll make the whole process a breeze:
(1) You Need a Budget (YNAB)
If you’re a newbie to budgeting or personal finance, YNAB is what the doctor prescribed. It’s low-cost, easy to use, and perfect budgeting software for young investors. When it comes to creating and monitoring your budget, YNAB does a bang-up job.
YNAB is a multiplatform personal finance app, available for use and download by iOS, Android, and PC users. At $6.99/month, it isn’t too shabby.
(2) Personal Capital
If you find the $6.99 price tag for YNAB a little steep, Personal Capital is the app you need. It’s easy to use budgeting app that allows you to sync all your accounts in a single place. The app generates summaries and reports like net worth, spending, and investment portfolio. And the best part: it’s free!
Yodlee is an app that allows you to view and manage customizable summaries and personal financial statements. It allows you to create budgets, review expenses, and analyze transactions. More importantly, you can share financials with your accountant or CPA.
If you are familiar with budgeting, the chances are that you have used Quicken on Windows at one point. Quicken offers a unified location for your financial accounts, so you can create a budget, track spending, and get bill notifications. The folks at Quicken might have been reluctant to keep up with changes in technology, but this app remains one of the most comprehensive on the market.
(5) Banktivity 7
Are you are an iPhone, iPad or Mac user, Banktivity 7 is a personal finance app that you need to seriously consider for your budgeting needs. It offers the best of Quickens plus the ability to track investments, customize budgets, and pay bills.
Mint.com is all the rage right now in the world of personal finance, and with good reason. It’s a champ when it comes to expense tracking, budgeting, account synchronization, and bill payment. Despite being free, it’s a sophisticated app that allows doing more than creating a budget. There’s a website as well as iOS App, Android App, Apple Watch App, and SMS functionality.