Top 10 Finance Apps for the Money Active! – Part 1

• 12 December 2016 | 1627 Views | By Mint2Save

There’s never a better time than now to start thinking about how you manage your money. It’s hard to know where to start, especially if you’re young and have no idea to invest money or to track record of your money.

You must be thinking that what is a Financial Application and why there is requirement for it in our life? Reason behind that is to track and maintain the financial record, to identify about the expenditure, to avoid paying overdraft fee, pay down debits and build our savings for the year so that we can make good financial planning for the upcoming years.

Now you are thinking why just application, can’t it be in file? So answer is nowadays everyone has a Smartphone and it is easy to maintain.

There’s no need to spend an hour every day working on a budget when the best personal finance apps automate much of it and help you quickly learn habits and alert you to costly money mistakes before they happen.

In this two intsallment article, we are going to explore the top 10 finance applications that are made for the common man who intends to keep a good check on his savings as well as earnings.

1. MINT (DOWNLOAD)

Most widely used personal finance app, Intuit’s Mint gives you a real-time, complete look into all of your finances, from bank accounts and credit cards to student loans and 401(k).

Automatically tracks your expenses, categorizes it, and alerts you when you approach your limit. You can ask for custom savings tips within the app. Every detail is shown in graphs and charts, making it one of the most popular personal financial apps in the world.

This app uses the same security as banks uses, so you can trust that they take all possible steps to secure accounts and data related to account. You can install it on Android, iPhone, iPad and see your budget anywhere.

2. ACORN (DOWNLOAD)

In this app you can enter your multiple credit account number.Once you connect your checking and credit card accounts to it, Acorn automatically rounds up every purchase to the next dollar, and invests the difference in a portfolio of your choice.

For example, if you spent Rs 99.33 for chocolate shake, it will invest Rs. 0.67 for you. Acorn says users invest Rs 1300 to Rs 2800 a month on average in “round ups” alone, that really helps in saving as well. In short your little saved also makes good returns.

3. LEVEL MONEY

Free and simple-to-use budget tracking app, Level Money is basically a “mobile money meter.” First, you have to install this app to your Smartphone, and then connect app to any of your bank account. Once you connect the app to your bank account, it automatically calculates your income, expenses and bills, and then suggests what your daily, weekly, and monthly expenditure should be. It is  just a master stroke as per the developers to its users. In short it basically sync. with mobile app and tell user that how much you can spend.

It also comes up with the feature that what amount you should be saving every month and subtracts that from your monthly budget. Thus, one can also assume it to be a pocket financial manger for good upcoming financial year.

You can set up an auto-save amount, and any cash left unspent from your budget will rollover to your savings account. This is really wow feature in it. It tracks your spending in real time, so you can easily see what you’ve spent and how much you can spend within a given period and given amount.

4. DIGIT

Digit helps you save money that you didn’t even realize you had. It automatically scans your income and spending patterns, and transfers a small amount of savings that it deems you won’t necessarily need in to a separate account that it manages.

You can withdraw from that savings account anytime, but you won’t make any interest off of it – Digit is free and runs itself with the interest it generates from the users’ savings account. The value proposition is that Digit helps you discover and save money that you would spent elsewhere. It officially launched in February and has Google’s backing.

5. CREDIT KARMA (DOWNLOAD)

Everyone believes on the credit score and this app is related to that score. If you are looking for a loan from the bank then yes your credit score matters. Besides offering free credit scores and reports, Credit Karma allows users to monitor their spending patterns by linking to their credit card and bank accounts.

Based on that information, Credit Karma recommends better credit card or loan offers that can further improve your finances. This app’s offering now ranges from auto insurance to mortgages, and users are loving it.

It has over 32 million users worldwide, and just last September, raised an additional $75 million, valuing the company at over $1 billion.

So, do you have any of these applications installed on your phone already? Try them it we share the remaining 5 of the top 10 applications.