If you’re like most of us, you’re looking for a more effective and efficient way to budget, save, and invest. Thankfully, there are numerous online tools and apps that can help you manage these activities both personally and professionally. But, here are ten of the most awesome money management tools that you can start using immediately.
1. Mint Bills
Mint is without question one of the most popular budgeting tools available for several reasons. For starters, the team behind TurboTax and Quicken are also responsible for Mint, which means that you can rest assured that you have a powerful and effective budgeting tool. Secondly, Mint uses the same security as banks. Finally, Mint offers one central location where you can link bank accounts, credit card statements, and even investment accounts so that you can easily see how how much money you’re spending, create a budget, and also see and study trends.
Mint Bills is an extension of Mint where you can also see your account balances and bills in one platform, pay bills directly from the app, and receive alerts if funds are getting low. The app is free for Android and iPhone users.
If you’re looking for a straight-up budgeting tool, then you can’t beat YNAB. It uses the familiar spreadsheet layout so that you can start creating your monthly budget in just a couple of minutes. YNAB also provides powerful reports and graphs so that you can quickly see where your money is being spent.
The best feature that I enjoy most is that YNAB creates monthly budgets based on the income that you earn, as opposed to using predicted income. By using this approach, you can create more accurate budgets that can help you end living from paycheck to paycheck.
YNAB charges $5 per month or $50 year. And, since you’re saving more than $3,300 after nine months of use, that’s a sound investment.
3. Level Money
Here’s an award-winning app that basically replaces your back account with a “Spendable” amount of money that you can use for non-essential items by tracking your spending habits, estimated income, and then subtracts your recurring bills and savings. The amount leftover is what you can spend.
Level Money also shares balance and bill predictions so that you can stay ahead of your monthly obligations.
The iOS and Android app is free to download.
This app syncs directly to all of your bank accounts in order to have access to your current transactions and balance. And, thanks to 128-BIT SSL encryption, you can be certain that information is protected.
After analyzing your monthly expenses and income the app will determine how much you can spend before your next paycheck. Each account and category is displayed in one convenient page so that you can easily spot where your money is going each month.
PocketGuard works on iPhone, Android, and the web for free,
GoodBudget is the digital version of the tried-and-true envelope system. This means that each month you set aside a specific amount of money for certain categories. For example, $250 for groceries, $50 for internet, and $1,000 for rent. By setting aside the money for your expenses each month, you can create a budget to help you start saving for a bigger purchase like a vacation.
The app is available on iPhone and Android and budgets can be synced across devices. There is a free version and a plus option for $5/month or $45/year.
By linking both banking and investment accounts, including retirement accounts who can keep track of your budget and all investments in one dashboard. What makes Personal Capital stand out, however, is that you can use the Cash Flow analyzer to gain insights into your weekly, monthly and yearly income and spending habits.
You can even develop personalized and diversified investment portfolio so that you can achieve and track your finance goals.
The app is available on iOS and Android platforms.
This award-winning budgeting app also uses the envelop method so that you can track your bills, manage your budget, and plan ahead in order to make more informed decisions. The app also relies on real-time data and you can even use it to capture receipts.
Because the app can be downloaded by both Android and iPhone uses, you can stay-on-top of your budget and input expenses no matter where you are. If the free version isn’t robust enough, there is a Premier plan for $95/year.
Formerly known as BillGuard, Prosper Daily tracks your spending, credit score, the factors that contribute to your credit score and easily views account balances and recurring charges. Prosper Daily emphasizes on security by notifying you if there are any suspicious charges or data breaches. Not only that, you’ll get your money back for any fraudulent charges. In fact, the app claims that it has the most advanced ID theft protection available.
You can download the iOS or Android app for free.
Wally is an intuitive budgeting app that allows you to manage your personal finances by providing a complete view of how much money is coming in, going out, how much you have saved, and the amount you have budgeted. You can even snap a picture of your receipts that you can keep for your financial records. With the information you can start working towards achieving your financial goals. I personally use this for our payments product.
Wally also notifies you of any upcoming bills, when you’ve reached a savings goal, and adapts to your spending habits.
The app is 100% free for iPhone and Android.
10. Pocket Expense
Described as a “full-featured finance software that you can carry in your pocket,” this app focuses on tracking your spending and the providing you with a visual outlook on your spending. This information is then used to create a budget.
With Pocket Expense you’ll be able to input and manage multiple accounts, as well as view daily, weekly, monthly, yearly or overall statistics, like each account's real-time balance. You can even set spending limits and set alerts for upcoming bills.
The free app is available to download in iTunes.