How to Manage Your Finances Using Your Smartphone

When discussing smartphones and their capabilities, you’ll probably hear the phrase, “there’s an app for that!” It seems that there really is an app for almost every topic these days, and personal finance is no exception.

Every day, more and more apps that help you manage your daily life become readily available. That’s why is important that your phone is operating at its most efficient level. Now more than ever, phones play a crucial role in people’s daily lives. Whether the firmware isn’t living up to expectations or your screen has shattered, search for iPhone repair near me to get things checked out. Expert repair services oftentimes can restore your phone to optimal working condition within 24 hours. Your mobile device can go a long way toward getting your life organized, so it’s vital that it is in perfect operating condition.

Since apps can now locate the closest Chinese food restaurant or provide you directions to a specific location, why not use your smartphone to help manage your finances? The following are some of the most popular and efficient finance apps.

For account balances

The app “Accounts” is very similar to a register in a checkbook. Once you set up an initial balance, you create various accounts with various categories. The app will keep a running balance for you as you enter the transactions. With this app, you can actually send yourself account information by email or even download it into a spreadsheet.

Budgeting

“Ace Budget” is another good financial management app. You use it to set up a budget and track your spending. Once your budget is created, you enter your expenditures and the app will monitor your expenses and income based on the budget you have set up. The app is very user-friendly and generates useful reports.

Personal Assistance

Personal Assistant Premium” is an app that tracks all of your accounts in one place. An app called “Personal System Premium” is also available to track other financial activities such as cell phone use or various accounts you want to monitor closely. “Grocery Gadget” is a cool app that helps you put together your grocery list so that you simply check off the items on the list as you shop. This app also has a barcode reader that can scan items for prices. This will help you track how much money you are spending each month on groceries. “Debt Tracker Pro” helps you track any loans you have. You add your loan information and it will give you the information you need to make a payoff plan. As you use it, you will know where you are in repaying the debt and how long it will take to pay it off.

Similar to iPhone apps, Android has several apps to help with finances, including a checkbook app called “Loot” and “My Coupons” that will automatically deliver valuable coupons to your phone each day and also allow you to search for deals in your area. “Easy Money” is an android app that will handle recurring transactions, provide customizable reports, color-coded budgets, and track transfers between accounts. It will also alert you to pay certain bills when they come due. “Nickel Tracker” uses the tried and true envelope-budgeting concept where you set up categories with spending limits. As you enter your purchases, the app will alert you when you exceed your budget.

Most popular

The most popular app based on the number of users is “Mint.” It’s the most comprehensive of apps and best of all, it doesn’t cost a cent. It can help you track your spending, organize it into categories, and create a budget. Once you input your savings, checking, investments, and credit card numbers, it will keep track of all those accounts and show you all that information in one report. Mint will alert you if it finds any financial products better than the ones you’re using such as lower interest credit cards. It will also send you an email alert any time you overspend in any of your budget categories. Mint is available for use on PC, Mac, iPhone, Android, and Windows phones.

There are many apps available for both iPhones and Androids that will help you manage your personal finances. All of the apps can be found in Google Play and the iTunes Store Finance Section. Download a few to help you develop a deeper understanding of your finances. 

Speak Your Mind

*