Managing one’s finances has never been as easy as it is today. With a wide selection of budgeting and personal finance apps, managing your money is as easy as a single tap of an icon. An AppsFlyer report found that the finance app industry is growing at staggering rates in global adoption, from 16% in 2015 to 64% in 2019. This also means that there are endless options, making it difficult to decide on which finance apps to try. But here are four of the most practical and useful personal finance apps you should download today:
- Personal Capital
Personal Capital is great for people who are looking for more than just basic budgeting. It allows users to monitor both checking and savings accounts as well as mortgages, loans, IRAs, and 401(k)s. Recent transactions are organized in customizable categories; total monthly spending breakdowns can also be viewed in snapshots and percentages. If you want a personal finance app that allows you to see your portfolio breakdown and serves as a net worth tracker at the same time, Personal Capital is a great option.
- You Need a Budget
You Need a Budget (YNAB) uses a zero-based budgeting system, so every single dollar earned must be planned and accounted for. Those who opt to invest in the paid app with full features can connect it to bank accounts, set goals, manage their savings, and customize categories for spending. YNAB also provides other resources, such as free workshops, app user guides, and budgeting tips and advice.
- Petal Card
Checking your credit score used to mean logging onto your provider’s website or manually reviewing your statements. Fortunately, apps now have the capability of letting you manage and view your credit on demand. Petal Card is one such app that is especially convenient because it comes paired with a no-annual-fee Visa credit card. These cater especially to consumers who already have a credit history and want to improve their credit responsibly and affordably. It also has a payments calculator, a monthly budget planner, and a feature to find cashback near you. If you’re looking for a great app that lets you keep your credit score and history in check, then Petal Card is a great option.
There are apps suited for people who are just getting started with investing. One of the best stock trading apps for beginners is Fyers, a platform duly equipped with features such as good firewalls and high security, a reliable chart system, and technical indicators for any stock. These attributes make it an excellent choice for first-timers looking to manage their portfolios in a straightforward way. If investments are part of your personal finance goals, then Fyers is a good app to have on your phone.
Your phone is a powerful device, and managing your personal finances is just one of the ways you can maximize your apps. In our post on ‘Cute Ways to Organize Your Apps on iPhone’, we recommend organizing your apps so that your personal finance apps are most accessible to ensure you reap their benefits and develop a financially healthier lifestyle.