In today’s day and age, we don’t always have time to consult a financial advisor to go over finances. It’s always a good idea to talk to a professional about our investments but if you want some on the go options to keep an eye on your money there are plenty out there. If you’re the kind of person that finds that you have to spend your paycheck well before the end of the month and are constantly in the red you can look at YNAB (You Need A Budget). YNAB is a great tool for keeping tabs on where your money is leaving you. It’s a 6.99 a month plan that lets you connect your bank account, delegate where your money is being spent and create goals for your financials. Acorns is another great app for you to be your own money manager of your finances. This app takes the virtual change from your purchases and doesn’t just lump it into a separate savings account as some banks do. Acorn takes a percentage from your purchases and then invests it to make that change into profit for you without you needing to do much.
If you want a different budgeting app you can try the super popular Mint. Mint allows you to not only budget your money but has a sector where you can invest it. Mint gives you the opportunity to create many different budget tabs like “rent”, “mortgage”, “Cancun trip” and “electric bill” and allows you to organize your transactions in real time by connecting with your bank accounts. One of the best features is its bill pay capabilities. You can set reminders for the bills that are due and even pay them directly from the app if you choose to. If those three don’t speak to you, you may be interested in Wally. Wally has a lot of the same features as the other budgeting app but one stands out. Wally offers the ability to manage different currencies. It sounds like a great app for people that work internationally or travel frequently. Wally also allows you to take and save photos of your receipts so if you don’t want to keep pockets full of paper you can snap a quick pic and dispose of the slip.
Becoming your own money manager with Good Budget is another great way to lean on the old “envelope” savings of the days gone by. You might once (or maybe your parents) placed your intended money into separate envelopes to keep everything in order. Good Budget does the same thing on a virtual scale. Once you have placed money into an envelope they will send notifications about that envelope i.e whether money in that area is running low. You can also share your budget with others using Good Budget which can help to create accountability for you. Spendee is another budgeting app that has a wallet system and allows you to delegate which parts of your budgeted money get put into each wallet. You are allowed to share the budget of a single wallet with your friends so that they can help keep you on track. Spendee even has a feature for the travelers amongst us and helps you keep with your budget while abroad by being able to switch between currencies. No matter which app you choose there are plenty more where these came from, doing a little independent research you can find one that best fits you.