Best Money Management Apps

Wishing you had more money is a time honored tradition and many people find themselves wishing they had more money in their account at the end of the month.

Below, you can learn about the best money management apps.

Best Money Management Apps

There are a bunch of apps out there that can help you manage your finances, but not all apps  are the same and not everyone is looking for the same thing:

Best Overall App: Mint

Mint is connected to your bank accounts, credit cards, and bills. This allows them to be able to update and categorize all your transactions in one place.

Features:

• Free to use
• Displays all your finances, assets, and liabilities
• Free access to credit score and how to improve
• Payment reminders
• Connects with most banks in the U.S.
• Customized tips to maximize your saving

Best App For Reducing Debt: You Need A Budget (YNAB)

YNAB encourages users to see sacrifice as a step forward in achieving your financial goals and removing debt. You set your goals and receive advice on how to achieve them simple!

Costs: 

• First 34 days free
• $11.99/month or $84/year

Features:

• Real-time access to your finances across all devices
• Set multiple goals and get tips on how to achieve them
• Interactive charts to visualize your finances
• Access to 100+ weekly live workshops for budgeting and saving

Best App For Fast Budgeting: PocketGuard

PocketGuard updates your transaction in real time making it easy to track your spending and create a budget. They help you stay in the loop and automatically creates a budget for you.

Costs: 

• Free for basic
• $4.99/month for PocketGuard Plus

Free Features:

• “In My Pocket” shows money available after bills and savings
• Creates a budget
• Helps you negotiate bills
• Track specific categories to prevent overspending

Plus Features:

• Unlimited categories
• Data export
• Unlimited goals
• Track cash
• Manage ATM transactions

Best App For Daily Cash Management: DollarBird

DollarBird provides a daily projected balance for you so you can be on top of your finances. All financial information must be entered manually so it forces you to keep track yourself!

Costs: 

• Free for one calendar month
•  $4.99/ month for up to 20 calendars with up to 3 team members on each calendar

Features:

• Create recurring expenses
• Projects how much you will have at the end of the month based on the previous month’s spending
• Obtain projected balances for future months
• Visual way of looking at your finances

Best App With Fees: Mvelops

Mvelops helps you take control of your finances and provides a variety of tools to manage your finances. They over a few different subscription levels so find out which benefits you the most!

Costs: 

• Basic Plan $6/month
• Plus Plan $19/month
• Complete Plan $59/month

Features:

• Sync all bank and credit card accounts
• Transactions sync automatically
• Set up unlimited “envelopes”
• Manage your money on the go with cloud storage of your data

Best App For Simplicity: Wally

Wally is a simple budgeting tool anyone can use! They provide a full view of your finances with a really simple interface so if simple is what you want this is the app for you!

Costs: Free to use

Features:

• Save photos of your receipts for tax purposes
• Set up automatic recurring expenses
• Track expenses by category
• Group budgets, IOUs, and joint accounts
• Plan your shopping and sending with lists

Best App For Detailed Budgeting: Clarity Money

Clarity Money uses technology in order to break down and visualize your financial habits. You can link your bank account to get a full view of your expenses.

Costs: Free to use

Features:

• Displays all your subscriptions
• Open a high-yield savings account with Marcus by Goldman Sachs
• Visual representations of your bills and expenses
• Free access to your credit score
• Get alerts about subscription price increases or reductions

Best App For Envelope Budgeting: GoodBudget

GoodBudget uses the paper envelope method for budgeting so if this is something that you are interested in this is the app for you.

Costs: 

• Free for basic
• Plus Membership $7/month

Features:

• Syncs across multiple devices
• Actively plan your spending
• Track your debt payoff progress
• Mark a  savings envelope for each goal
• 1 year of expense tracking (7 years if you buy the Plus membership)

Best App For Investing: Personal Capital

Personal Capital is a fantastic finance app that focuses on giving you a complete view of your financial health. They provide a several visual elements in order to best visualize your investments.

Costs: Free to use

Features:

• Connect all bank accounts, including IRAs and 401(k)s
• Track mortgages and other loans
• Portfolio breakdown to see where your investments stand
• Create a budget for retirement
• Free financial consultation if you link $100,000 in investable assets

Best App For Spending: Simple

Simple is a combination of a checking account and budgeting system all in one. Simple lets you know whether or not it is safe to spend so you don’t go over budget.

Costs: Free to use

Features:

• Categorize expenses and goals and divvy up your money accordingly
• “Safe to spend” feature
• Recurring bills
• Set multiple goals and see progress
• Set round-up rules and save

Best App For Saving Spare Change: Acorns

While Acorn is not a traditional budgeting app, it does help you invest your spare change! By linking your most used credit or debit card Acorn will round up every purchase you make to the nearest dollar and invest it!

Costs: 

• $1 for Invest (investing your spare change)
• $2 for Later (invest in a retirement account)
• $3 Invest + Later + Spend (an Acorns checking account with debit card)

Features:

• Save and invest passively
• Customize your contributions
• Add extra money to your investment account by shopping at specific stores
• Access to educational finance articles and tips

Author’s Verdict

Choosing a money management app that suits you is an important decision for your finances.

Hopefully the above information helps you better save.

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