Best personal finance apps for your phone: Monitoring expenses, budgeting, saving money, and reaching financial goals are important life skills. But keeping tabs on personal finances can feel like a chore.
Fortunately, handy mobile apps make managing money a breeze with features like spend tracking, reports, reminders, investment monitoring, and more.
We’ve selected the top 10 personal finance apps to help you take control of your money.
These useful tools available for both iPhone and Android provide user-friendly ways to gain financial clarity and make smart money moves.
Read on for an overview of how these apps can become your best friend for mastering personal finances.
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10 Best Personal Finance Apps for iPhone and Android
Here are the ten best personal finance apps for both ios and Android:
1. Mint – Best Overall Budgeting & Money Management
Mint is the free gold standard app for complete money management. See all your accounts in one place, create budgets with customizable categories, scan transactions for insights, receive bill payment alerts, and more.
Mint makes budgeting achievable through convenience, automation, and an intuitive interface.
2. Personal Capital – Best for Net Worth Tracking
Monitor the big picture of your finances with Personal Capital. The intuitive dashboard provides a wealth check-up by tracking net worth, asset allocation, investment fees, etc.
Get alerts about account breaches. Use financial planning tools for retirement, college savings, and more. Personal Capital is ideal for investment oversight.
3. Wally – Best for Expense Tracking
Wally makes expense tracking quick and painless. Scan receipts or enter transactions manually with voice commands.
Wally’s automatic categorization and reporting features provide helpful spending insights. Built-in budgeting and debt payoff tools boost financial wellness.
The free Wally app is perfect for monitoring where your cash flows.
4. Digit – Best for Automated Saving
Digit analyzes income and spending and then automatically transfers small “bits” of money into savings when you can afford it.
This behind-the-scenes saving results in easier budgeting and less temptation to overspend. Digit even pulls money from savings to prevent overdrafts. The app helps build savings without any effort.
5. Goodbudget – Best Envelope Budgeting App
This digital take-on envelope budgeting helps users spend within their means. Simply categorize income in virtual envelopes and receive alerts when envelopes are empty.
Goodbudget promotes smart spending habits through its hands-on approach. Watch motivational videos and attend live classes for extra financial guidance.
6. Robinhood – Best Free Investing App
Invest in stocks, ETFs, options, and cryptocurrencies with zero commissions using Robinhood. Monitor market data and discover new investment opportunities.
Configure price movement alerts to view historical trends and news. Robinhood makes investing and trading completely free and easy to understand for newcomers.
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7. Acorns – Best for Automated Investing
Acorns automatically invest your spare change from everyday purchases into diversified ETF portfolios. Just link cards and spend as normal while Acorns does the work in the background.
The set-it-and-forget-it app is perfect for effortless investing. Portfolios are managed according to your risk preferences.
8. Credit Karma – Best for Credit Reports & Scores
Access free credit scores, reports, and monitoring with Credit Karma. The app sends notifications about critical changes to help detect fraud.
View overall credit trends and factors impacting your score. Credit Karma even surfaces pre-approved credit card and loan offers tailored to your credit profile.
9. Billshark – Best for Lowering Bills
Billshark’s team of negotiators leverage data to help lower your monthly bills for services like cable, internet, phone, and insurance.
Simply upload recent bills and let their advocates call on your behalf to secure discounts. Keep more money each month with Billshark’s proven bill-lowering concierge service.
10. Level Money – Best Budgeting and Saving App for Couples
Level Money makes financial transparency, budgeting, saving, and reaching goals easier for couples.
Share expenses, receive alerts when shared funds run low, deposit into group savings, and track shared net worth.
The level keeps both partners aligned and informed through shared financial visibility.
Factors to Consider When Choosing a Personal Finance App
When selecting a personal finance app, there are several important factors to consider to ensure it aligns with your financial goals and preferences.
Here are some key considerations:
1. Compatibility
Check if the app is available for your specific device, whether it’s an iPhone or Android. Ensure it’s compatible with your operating system and version.
2. Features and Tools
Assess which features and tools are most important to you. Do you need robust budgeting capabilities, investment tracking, or debt management tools? Choose an app that offers the features you require.
3. Usability
Evaluate the app’s user interface and ease of use. A user-friendly app will make it simpler to navigate and manage your finances effectively.
4. Security
Ensure the app employs strong security measures to protect your financial data. Look for apps that use encryption and have a good reputation for data security.
5. Cost
Consider whether the app is free or if it offers a paid premium version with additional features. Determine if the cost aligns with your budget.
6. Integration
Check if the app can connect to your bank accounts and other financial institutions for automatic transaction updates. Integration with other financial services can be a significant convenience.
7. Customer Support
Research the app’s customer support options. Look for apps with responsive customer service in case you encounter issues or have questions.
8. Reviews and Ratings
Read user reviews and ratings on app stores and financial forums to get insights into the experiences of other users.
9. Privacy Policy
Review the app’s privacy policy to understand how your data will be used and whether it aligns with your privacy preferences.
10. Long-Term Viability
Consider the long-term viability of the app. Is it regularly updated with new features and security improvements? You’ll want an app that remains relevant over time.
11. Community and Support
Some apps have active user communities or forums where you can find tips, advice, and solutions to common financial challenges.
12. Trial Period
If the app offers a free trial, take advantage of it to test its functionality and see if it meets your needs.
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To Sum Up
Managing personal finances doesn’t have to be a solo struggle. Empower yourself by adding one of these top-rated money apps to your financial tool belt.
From spending trackers to investment monitors and everything in between, you’ll gain valuable insight into your cash flow.
Better budgeting, smarter saving, reaching goals, and gaining clarity into net worth is in your pocket.
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