Best Apps to Manage your Money

Budgeting has always been a tricky skill for many people. While we all hope to save as much money as possible, it can also be tedious to manually record down every expenditure, which can lead to sloppy tracking and poor budgeting. Luckily, there are now several budgeting apps to make the process as hassle free as it could possibly get. In fact, the market is saturated with options for you to choose from. To make things a little easier for you, here we have collated our picks for the best apps to manage your money, each with its own purpose. You are sure to find one app that best suits your management style.

1. Mint (Budgeting and credit monitoring)

Mint has long been a popular budgeting website and app, and not without reason. Similar to Personal Capital, Mint offers access to your investment accounts in addition to budgeting tools. But for Mint, the budgeting portion is the stronger offering, while the investing section leaves more to be desired for the moment. Mint is a great option if you want to keep a super detailed budget. You can create as many budget categories as you want, and you can categorize transactions on the go. The app also automatically pulls transactions in from your bank accounts and credit cards, so they’re all in one place, and analyzes your spending to provide insights into your habits, to show you where there is room for improvement.

Mint has become so popular, because unlike some of its competitors, it's completely free. It has also excelled in making your budgets highly customisable, from budget categories, goal setting, and syncing your investments, Mint leaves it entirely up to you. However, as we have mentioned, Mint has a ways to go in developing its investment side. While snapshots are certainly helpful, it would be nice to be able to see asset allocation, or to simply have things work a little smoother. Hopefully Mint is able to sort out its minor bug problems to further advance its user-friendly experience.

2. YNAB - You Need A Budget (Zero-based budgeting)