Money Management Applications

 

When it comes to money management many tend to mismanage simply because they do not keep efficient records of their transactions, or tend to forget to make necessary adjustments. Though you can easily hire a financial advisor to do a lot of this work for you with the new developments of technology, it is easier than ever to get a better handle on your money management.

Money Management Apps:

Mint

Mint is a free money management app that is available for most smartphones. You can easily keep track of your spending, earnings and savings. You can create a detailed budget that will allow you to sync many of your financial accounts such as your bank, credit cards and mutual funds. This apps sends alerts when you go over your budget for the month and allows you to see your real time activity. You can also sets up additional alerts for your spending. This app is great for those who are constantly using their credit or bank cards for most purchases but also allows you to enter in your cash purchases as well. Mint can greatly assist you in your money management because it not only keeps track of all your spending and budgeting needs but it will also give you suggestions and tips on how you can save more money with you spending patterns.

Mvelopes

Mvelopes is a great money management starter tool. If you are just beginning to think about your budgets and financial planning than this app is a great way to help ease you into the process. The app is free and can be used on most iOS and Android operating systems. Mvelopes syncs up to your existing accounts to create a manageable budget specific for you earnings and spending.

Pocket Express

For individuals who are concerned about the security of syncing an app with their bank accounts than Pocket Express can give you a secure way to manage your money. Unlike many of the other apps Pocket Express requires you to enter all your transactions. Its main focus is to evaluate your spending so you can see just where your money is going before you create a budget for yourself. This color coded system easily organizes your spending and savings. It is a free app that can be used with iOS systems.

HomeBudget

This app will cost you to download but is well worth the money if you are serious about taking control over your money management. The app color codes and neatly organizes all your transactions. It uses charts and graphs to give you a better understanding of your income, budget and all your accounts. This app offers a number of easy to use functions that can greatly benefit you with managing your money. One of the features it offers that many of the other free apps do not is a search tool. You can easily look for and find specific transaction in any of your accounts.

Expensify

Expensify is a free and incredibly easy to use money management app. You can take a photo of your receipts to have them easily organized and added to your transaction tracker and expense report. There are a number of great features and tools that will benefit business owners or freelancers. You

can add travel expenses to your clients bill or easily keep track of gas and mileage for tax purposes. Expensify works with Windows, Android and iOS operating systems.

These apps can help you a great deal in your money management. Whether you are trying to save a little extra money each month or want to find a way to pay off your debts faster these apps can help.

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