Top Five (5) Financial Apps That Everyone Should Use
Financial apps are the need of the modern world. It is hard nowadays to keep your all-budget account in your mind or on any paper notes. Financial apps help you to connect your bank account with the app and it holds the rest for you. It helps you to have control over your income and you can use your income most easily. You do not need to remember how much have you spent and where.
The financial app will keep all your financial records. The finance app works like a finance Secretary who keeps an eye on everything related to finance. Below I have shared the top five financial apps that you can use to control your finances. Check this out!
Mint is a free financial app that controls and maintains your budget plan without any monthly or yearly fee. This free app helps you to pay your scheduled bill or any other payment on time. In case of delay, it reminds you about the late fee. In this financial app, a user can see their account on a single screen. It holds the record of your every spending by category. It offers daily budget plans to keep your budget in accordance with your total budget. Mint gives more importance to user security. For this purpose, the app offers multi-factor authentication and also mobile biometrics.
Besides this, Mint offers credit cards, personal loans, investments, banking, student loan, and insurance to its users. In addition, this app provides various resources to its customers like Mint blog, Mint salary, budgeting tips, credit tips, investing tips, mortgage finance tips, financial planning tips, and financial tools tips. Mint also provides the user with various types of calculators including retirement calculators, net worth calculators, and many more. The only pros of this app are the advertisement ads. But the users have to bear it because of these ads the users are using the Mint financial app for free.
Unlike Mint, this app is not free. It cost the user almost 100$ per year plan or 15$ per month. But, the user does not need to pay directly because the YNAB financial app provides a 34-day free trial. For the first 34 days, the new subscribers can use it free of cost but once that time is passed, the user has to pay for it. Although this app cost you money in result, it provides more detailed information about your budget and expenditures.
It works on four principles. The first one is to take notice of every dollar in your account. The second is to keep detailed information about your expenses. The third is to roll with punches and the final is to age your money. The official report from YNAB told that by using YNAB, the customer can save up to six hundred dollars in the first two months and almost six thousand dollars in the first year. If you have decided to use YNAB as your financial app, then it is better to subscribe to a yearly plan instead of the monthly one. This can save you almost 60$.
3) Personal Capital
The personal app is the third financial app on our list for you. This app provides free budgeting tools but it charges almost 0.9% on balances up to $1,000,000. Unlike YNAB, this app does not provide any free trial. Besides budgeting tools, this app also provides investment tools. This app helps you to manage your financial assets without any risk. You can connect this personal capital app to your bank account and it will then provide the complete details of your daily, monthly, and even yearly expenditures.
One of the bright features of this app is that it provides you with an online budget and investment adviser. By taking help from them, you can make some good money. The only pros of this app are that the monthly charge is a bit high as compared to other financial apps.
Prism is the fourth financial app on our list for you. Fortunately, prism is a free financial app that requires bank synchronization. Prism is best known for helping its customers with bill payments. It holds the complete details of your bills and allows its customers to have complete information about their bills on a single screen.
This app has access to almost eleven thousand billers including large banks and even small utility store bills. The user has just to add the information of his bill in the prism and the rest will be done by a prism. It notifies its customers in case of late payment. This app has only limited features for paying bills only. It does not provide any information about your budget or investment plans.
$pendee offers a free basic version to its customers while for the premium version the users have to pay money. It requires bank synchronization in the premium version only. The Spendee app is good for keeping the financial budget of households. This app can be easily accessed by other family members too. The free plan or the basic version has only limited features. For premium features, the user has to subscribe to the premium plan.
Many other budgeting apps are for the use of individuals only but this app can be used by multiple users. In this app, the user can set or specify the budget for each category like education, tourism, etc. After adding your bank details $ the Spendee will make arrangements for your all expenditures. In addition, this app also reminds its user to pay bills on the due date in order to avoid late fees. The premium version of $pendee costs almost three dollars per month and the yearly plan cost the user almost 23$ per year. This app does not provide bank synchronization in the basic plans due to which the user applies for the premium version in order to avoid any kind of security risk.