It’s amazing how we spend money so quick without even thinking anything of it. A pack of gum, snacks, fast food…it adds up. These are the purchases we make that we end up spending the most money on because we do it so often without hesitation or thought. Luckily, for those who want to make better habits and keep better track their of finances and spending habits, there have been apps created to help! There are tons of finance apps, but which ones work the best for you?
Mint is a free budgeting app that gives you the option to link your bank accounts and or credit card to help you with your personal finance. This is a good all in one app that is useful for spending, budgeting, saving goals, and investments all at the touch of your fingertips. Mint additionally adds the option to check your credit score while giving you tips on how to improve it as well.
Wally is a great app used for tracking expenses. This app is for individuals who want to stay organized and up to date with what they’re spending their money on. Instead of manually logging your expenses, or linking your account, you are able to take a quick photo of your receipt and the work is done for you. They also have another feature called geo-location that will fill in location information for you, in the end saving you time.
You need a budget (YNAB) is an app the encourages you to be intentional with every dollar, to potentially trick yourself into saving without dictating how you should spend money. You can choose whether to link your account or manually input expenses. To budget, you input the list for different categories such as, rent, phone, groceries and so on. It then gives you a budget and you are notified if you exceed that along with more features. However, there is a price to pay for the app which is 11.99 a month or 83.99 a year. There is a 34-day free trial, and the app claims most people save on average 200 dollars while using the app during the trial. You can cancel this subscription at any time as well.
In the end, these are three different apps that all have a different focus. At the end of the day there are many more apps out there, but these have been talked about the most. Personal finance has been so much easier and convenient for the simple fact that technology has made it able for us to manage it at the tip of our fingers.
Maria's Blog 