Statistically, almost 20% of all Americans spend more than they earn. Lots of people want to keep their expenses under control and to know exactly where their money is going. More than that, some people also make big plans to save money for various purposes. This is obviously easier said than done. If you have set up an ambitious goal of keeping your budget under control, you can take advantage of the best financial apps. They are available right on your smartphone, so there is no reason to postpone your efforts of managing your finances wisely.
There are lots of financial apps that you can use. You have to select one or more based on your goals. For instance, if you plan to save money, you should select an application that will help you do so. On the other hand, if you first want to know where your money is going, you can find an app that will monitor your expenses and put them in adequate categories.
Here are five of the best financial apps in 2014. Take a look at what they can do for you and decide whether or not they can be of help.
5 Best Financial Apps in 2014
1. Home Budget with Sync
the first step towards controlling your finances effectively is to find a budgeting system that you can use. Instead of filling up complicated excel sheets, you might want to use a simple and user friendly app. You can easily know your available budget and you adjust the information on the go whenever you earn or you spend something. The best part about this app is that you can synchronize it with your family members. If you have a common budget, you can install and synchronize the app so that all of you have access to correct and immediate information.
2. Saved Plus – if you really want to save money but you never take the actual measure of transferring them from your current account into a savings account, this app is exactly what you need. Every time you make a purchase, a percentage of its value is transferred automatically into your savings account. Otherwise said, you can’t buy anything without also setting some money aside. The app works with over 3000 banks, so it will most likely be suitable for you.
3. Personal Capital – this app is perfect for those who want to monitor their investments at all times. You’ll be able to have access to the status of your investments in the blink of an eye and you’ll always know whether or not they are performing.
4. Mint – you’ll have to set up an account on Mint.com, but the app is excellent for managing your personal budget. It will sync with your account and it will provide all the information on your expenses, accounts and credit cards right on your phone. Once you have all the information in one place, you can easily make a general impression on how you stand and you can decide on spot if you can afford spending more or not.
5. LearnVest – it connects your bank accounts and it lets you know in real time how you stand. You don’t have to worry about safety because it is encrypted. More than that, it allows you to set up goals whenever you want. LearnVest also offers a 15-minute personalized call with an expert that can help you plan your finances. Download LearnVest on iTunes.
Now that you know about these apps, there is absolutely no excuse for you to avoid organizing your budget.