Is budgeting truly worth the effort it requires?
Many people wonder how quickly they spend money that gets into their hands without a record of what, where, and how the money is spent and having no proper records of expenditure.
Some people face this situation from time to time but then in this article, we shall consider the best apps that can help you manage your finances, which will also help you save huge amounts of money.
Best Apps to Manage Your Finance
1. DollarBird Pro
This app is more of an expense tracker with a calendar twist. You can use it to add past, future, and recurring transactions and it logs them based on the date.
It helps you keep track of when you spend what. However, it doesn’t link to bank accounts, so if you’re the type who likes to feel every penny slipping away, this app might not be for you.
The app helps you to be smart about money as it calculates your balances automatically for each day, month, or year, making you easily understand your present and future financial situation.
Also, you can add your family or team to manage your finances together and stay informed about common money matters. This app has amazing features for you to budget efficiently, you should try it out.
2. PocketGuard
This app is like that eager personal trainer who insists on tracking every calorie.
The free version gives you two budget categories. It is like getting a gym membership and only being allowed to use the treadmill and the water fountain.
The app offers a premium version at $75 per year, which includes features like bill negotiation and setting up saving goals. The app notifies you whenever one of your spending categories is almost over its limit.
It also notifies you when you’ve gone over budget. With these alerts, you can get a better idea of how much you can afford to spend.
Another beautiful thing about this app is that couples can share the same Pocket Guard profile on different devices. All you need to do is sign in with the same username and password.
Wondering how safe Pocket Guard is? I can tell you that yes, It is generally safe to use. This is because they are in partnership with companies such as Finicity and Plaid.
These companies use advanced encryption and digital security protection. Pocket guard uses PIN codes and biometrics as additional security layers.
However, you can not add transactions manually. You can only link it to your bank account, and it automatically pulls out the transaction from your linked bank account.
You can also view the full list of transactions from all connected accounts from the transaction tab. Better still, you can hide the transaction from a particular account. This is in case you don’t want to see them.
Pocketguard is however created for users in the United States, Canada, and the United Kingdom. So if you are in this region you can take advantage of all the benefits it has for you to be in control of your finances.
3. EveryDollar
Every Dollar is an incredible budgeting app you can also find there. It has all the necessary tools you need to take control of your finances. This app is the brainchild of Dave Ramsey and is all about zero-base budgeting. The app integrates Ramsey’s baby steps for getting out of debt and building wealth, making it perfect for fans of his economic philosophy.
This is how Every Dollar works, you assign every dollar you earn to a category for the month. This means giving every dollar a job, like a strict but fair boss. Your income minus your expenses should equal zero. You must manually enter every transaction, which can be a chore, but it’s all to build a solid financial foundation. As you update your Every Dollar budget daily expenses, you will be able to monitor your expenses and make adjustments.
The app is not connected to a specific bank but users can choose to use any bank with the app as they are connected to over 13,000 financial institutions, including many credit unions and local banks.
Currently, the app does not support countries outside the United States, as the products and tools are US-based. We hope shortly it will be upgraded to support countries outside the United States. However, Every Dollar budgeting app is a fantastic app that you can try out if you want to be in charge of your finances.
Final thoughts
You need to know where you stand with your money— your income, expenses, and budgets. If you devote yourself to using a personal finance app, it can keep you up to date with everything you need to know about your money, including how to get out of debt. Many apps are free, and the rest cost a few monthly dollars. So you would want to try any of the apps above to stay on top of your finances.
Also Check: Children’s Special: The Importance Of Saving And Budgeting For Kids
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