Top Money Applications You Need To Check Out To Help Improve Your Money Management
There are many money apps in the market that have been designed with the best interests of the consumer in mind.
However, if you are having trouble picking the right one, the following are some of the best money apps you should consider giving a try.
1. Clarity Money
Clarity Money is a personal financial management tool that connects your accounts and provides recommendations on how you can improve your financial health.
This application ensures that you are staying up-to-date with your finances, financial planning initiatives, and other financial decisions.
There are plenty of actions you can perform with this easy to use app.
With a simple swipe of your finger, you can get your credit score, set up a savings account, cancel subscriptions, pay your bills and transfer money between your accounts.
Clarity Money uses a combination of a Natural Language Processing, Anomaly Detection and Spectral Analysis as well as Artificial Intelligence (AI) and Data Science to provide applications capable of personalizing your user experience.
Its system analyzes your current financial situation and improves it so that you can get the most from your money.
Clarity Money is a transparent company that offers you fast interaction with your money as their system studies your needs allowing you to take charge and control of your money.
This application allows you to save automatically by letting you decide how much you want to set aside and automatically saves that amount on your behalf.
It helps you to learn how to save more by cutting down your expenditures to only those that matter the most.
Users can also share the goals, strengths, and weaknesses of the application on its user interaction platform.
Its system also allows users to connect their accounts so that they can access and manage what transactions they engage in.
Qapital also comes with a reminder setting that automatically notifies you when you are operating under your set budget.
Such a feature will help you to understand and take note of your spending habits.
Qapital has another unique feature that lets you round up all your change after performing a transaction and then transfers it to your savings account.
You will be surprised at the amount you will able to save after every purchase.
Saving is what Qapital is all about.
Thus, they have introduced a feature that lets you set a daily, weekly, or monthly transfer that will go into your savings.
Halfdollar is another finance app you can trust since it helps you track and manage your cash flow.
It works by monitoring the amount of money you earn each month after all necessary tax deductions have been made.
The app also lets you list all your expenses as you pay for them, thereby allowing you to get an accurate representation of your budget.
The best aspect about this app is that it calculates and shows you how much you are saving after all your expenses are paid.
If you find that you are spending more than you are saving, then you know its time you start spending less and start saving more.
Digit is another top of the line app that re-establishes connections between people and their money.
It is one of the few applications out there that uses discoveries made in human behavioral psychology together with technology to help users avoid bad financial practices.
This app works by connecting your current account with the Digit application.
The application then analyzes your spending and income, then proceeds to calculate how much of your money can be set aside for saving purposes.
Trust is a quality needed when using this application since it transfers around $5-$50 from your current account to your Digit savings account after every 2 to 3 days depending on how much you can afford.
Digit is an easy to use app when it comes to retrieving your savings.
All you must do is send a message to Digit and the money will be transferred to your current account.
Truebill deals with finding subscriptions and forgotten free trial cancellations for you.
This application basically keeps tracks, monitors subscriptions, and notifies you of any changes that may occur.
It uses your bank details and transactions to help you know what expenses you are paying for every month.
If you have one of those expired free trials that you forgot about, you can ask True bill to cancel them on your behalf.
This company has cancellation agents who handle such tasks on your behalf for free!
To avoid future overspending on subscriptions, users are informed of any activity on their accounts using the Truebill subscription tool.
Budgt is intended for those who need help managing the amount of money they spend each month.
The app achieves this by assisting users to create and follow daily budgets so that they can save enough money at the end of each month.
It is especially ideal for students and low income earners. Budgt analyzes your monthly spending and creates a day-to-day budget for you.
This application works by giving you the freedom to set your monthly budget using your income and monthly expenses so that you can create a target oriented savings account.
It also tracks your everyday expenses so that you know how much of your money you can afford to spend.
You also must enter your everyday expenses on the calendar provided so that the app can monitor your spending.
Saving comes with a target that Budgt tries to help you achieve.
At the end of each month, per the daily reports you feed into the app, you will get a report on your finances.
This will allow you to know whether you are on track to reaching your set target.
This monthly data report can be exported as a csv file that can be used on excel for your own analysis.
If you are looking for a financial app to help you manage your personal finances, then Spendee is it.
It offers real time synchronizing of transactions across your devices which helps to ensure the security of your data if you lose your phone.
This makes recovering your financial records in the app when you login using a new device very easy.
It has fun features such as tagging transactions with unique names so that you can easily remember them.
You can also create as many wallets as you want for different purposes, or even share your wallets with your family.
Security of your personal accounts is a key issue that is guaranteed and in the event you lose your password, a simple retrieval method is available.
Spendee supports all currency, so whenever you are in a foreign country that uses a different form of currency, you can always use the app to transact.
While travelling and visiting different locations, Spendee will show you where you are spending your money the most.
8. You Need a Budget (YNAB)
YNAB is an award-winning software whose main goal is to help its users learn how to save so that they can make debts a thing of the past.
Its other purpose is to help facilitate that monthly expenses such as electricity bills are paid on time.
Generally, this application is designed to help its users in four ways:
- Plan for every cent
Every cent you have is valuable to you, so you should plan before spending it.
YNAB will connect your bank accounts to the YNAB software that will analyze your financial situation then create a plan.
You will then create your personal spending categories with the help of the already set default categories.
From this point, you can put your money into the categories you have set up.
- Plan for your expenses
Larger, one-time expenses such insurance can take a toll on your balances.
As a result, YNAB offers you the opportunity to set goals for your expenditure levels.
It then assists you in determining how much money you should save to pay for the expense.
- Plan for hard times
There comes a time when you just must spend more than you had intended to.
With this app, you can look through your set categories and find any extra funds that you can utilize in another endeavor.
- Enjoy your savings
YNAB looks to help users save a certain amount of money every month.
Once you have reached your target, you can spend your money in a productive and satisfactory manner.
Prosper is a lending platform that allows people to invest in each other in a financially and socially rewarding way.
Prosper has the support of some of the big players in the financial investment market such as the Francisco Partners who facilitate the borrowing and repayment.
This financial app is one-of-a-kind when you consider the fact that it deals with borrowers and investors.
Investors can put in anything from $25 on each loan request they select and borrowers can request between $2,000 and $35,000.
Prosper offers a low interest rate for each loan so that it is easy for a borrower to repay the loan in time.
There is a fixed repayment term of between 3 to 5 years depending on the amount of money borrowed.
This comes with a transparent payment policy of one month.
Once an investor has selected a loan, the Prosper team is responsible for servicing the loan on behalf of the borrower and investor.
Pennies provide you with easy access to your money so that you can budget properly.
It has great features that offer users a great experience.
This everyday money tracker allows you to budget without having to worry about a thing.
It also allows you to set a targeted saving amount for each day in a fun and easy way.
Other features include an expenses and budget section where you can simply add your expenses so you know what you have to spend your money on.
It also has a healthy money feature that gives users a colorful way of knowing their spending patterns by reading the changing of colors every time you save and/or spend.
You can also create flexible budgets on a weekly or monthly basis depending on what you earn or how much you feel comfortable with spending.
Pennies is a friendly, easy to understand, and viable app that gives you a report each day of how much you are spending so you can know which expenses you should cut down on.
You can also sync your Pennies app with all your devises including your wrist watch so you can carry your money with you as you monitor and review your everyday budgets.
11. COUPONS AT CHECKOUT
Coupons at Checkout indexes coupons from various retail websites, and in particular Twitter.
This makes it easy to use, especially in this digital age where most people are on social media.
Basically, it is a tool which you can install in your web browser such as the Chrome browser.
What it does is finds coupon codes for your purchases right from within the shopping cart of the store where you are purchasing your products.
It will look for the coupon code section and even try all available codes it has in its database for the store you are on until it finds one that works.
It saves you the time from having to perform an internet search for coupon codes and puts the code they find for you right into the coupon or discount code section of your shopping cart.
This is one of the smartest forms of businesses out there. Check out their site for more details on how to take part.
Final is a one of a kind app that saves millions of people from being overcharged by subscription companies or merchants.
It works by giving you a unique credit card number to give to your dealer or a one-time disposable number for one-off purchases.
Final helps you limit the amount of money spent on each subscription.
You will also receive a push notification to your device or email notifying you of any overcharges.
Final is a money app you can depend on when it comes to transparency.
It offers instant receipts that are pushed to your phone after payment is done to ensure that you are not overcharged for services or goods bought.
It is available on the internet as well as mobile devices for everyone who is interested.
Online purchases can be made with the help of Final.
All you need to do is to follow the procedure given on the site or the phone to get what you want.
Money and financial apps are here to save us from our bad spending habits.
As a matter of fact, it is time we all learned how to save in life so that when the time comes for us to retire, we may look back and smile for having made the right financial decisions.
Let us know of any other apps you think are great for personal finance that we might have missed!