Unless you’re a total money wiz, managing your personal finances can be stressful. Add to it the stakes of mismanaging, and some of us probably feel a little paralysed by what to do. Thankfully, there’s the wide world of mobile apps to make our lives a little easier. From an app that automatically invests your spare change to others that will help you finally grasp just how much that caffeine addiction costs you, these seven are must-downloads. Scroll to learn more—your wallet will thank you.
It seems everyone and their mother uses Mint, so if you aren’t on that train, you really ought to be hopping on. Pull all your accounts, cards, loans, and investments into one place so you can track your spending (by category!), make budgets, set bill reminders, and request tips for reducing fees and saving money. It includes a lot of functionality, so it might be overcomplicated if you’re simply looking for some budgeting intel.
Acorns is an ideal way to start investing, one small bit at a time. The app lets you invest your spare change from everyday transactions into a distinct, personalised portfolio of investments—users select a desired risk level, from conservative to aggressive, and then link credit and debit accounts. The service then rounds up each purchase you make to the nearest dollar, splitting and investing the difference among six different funds for you.
Marketed as your handy “mobile money meter,” Level Money displays how much money you can spend at any moment after calculating a suggested daily, weekly, and monthly budget based upon linked bank accounts. Compare month-over-month spending and track your habits by merchant and expense category.
If you’re mystified by the task of saving, try Digit, an app that automatically saves money from your checking account. The magic is in Digit’s Google-lauded algorithm, which monitors your income and spending patterns to identify the exact amount of money you won’t miss once it’s routed to a separate Digit savings account.
If you’re into the old-fashioned appeal of setting money aside for certain types of expenses, try Goodbudget. The simple app allows users to create “envelopes” for different categories (e.g., groceries, leisure activities, commuting, etc.) and pre-set how much you want to spend for each.
An expense-tracking app, Wally monitors daily, weekly, and monthly expenditures, dividing by category. Wally also has a functionality to log and store receipts, capturing details of each purchase you add.
Spendee boasts the most beautiful interface of the finance apps. Though good design is extra, it makes keeping track of finances actually quite enjoyable. Log expenses quickly by category, snap photos of bills and receipts for easy storage, and analyse spending breakdown via bright infographics.
Excited to get saving? Scroll to shop some picks you'll need to stay organised (and stylish, while you're at it).
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Would you add any other apps to this list? Tell us in the comments!