Managing your personal finances is a task that many people do not want to partake in, let alone think about. In today’s day and age, we can make our lives a little less complicated (and less stressful!) by managing our budgets and tracking our money via our smartphones with apps. Try out one, or a few, of the best money apps in 2018.
Free of charge and available on apple, android, and the web, Mint is an extremely versatile app that allows you to link all of your accounts (think checking, savings, auto payment, credit cards, loans, 401k, etc.) and analyze your spending habits, income, and financial transactions. You can create a budget for a variety of categories, in which the app will provide suggestions based on your spending history. It will notify you when you need to pay your bills and when you have spent more than the budget you have created. Mint will provide a short-term and long-term perspective, calculate your net worth and even provide you with an up-to-date credit score.
Another free app, Credit Karma is exclusively web-based. Unlike sites such as AnnualCreditReport.com, you can view your updated credit report as often as once a week. While you need to create an account and provide your social security number to verify your identity, there are no in-web purchases required for you to gain access to your credit score. While your personal information is pulled, Credit Karma gets points for online safety, as they do not share any of your information with third party advertisers.
Best for just budgeting, this app is popular with millennials. This app is also free and has the advantage of supporting virtually all foreign currencies. While it is somewhat limited in its ability to provide in-depth analytics, it does provide eye-catching pie charts and color-coded expense categories.
You Need A Budget, otherwise known as YNAB, this app does come with a cost of $5 per month or $50 per year. Students have an advantage and can have the fee waived for one year. This app is known for providing excellent guidance on money management and overall financial responsibility. This app connects right to your financial accounts to gather account balances in real time. This app takes a more basic approach to budgeting and is a great app for someone that is serious about properly managing their money.