We live in a world where it's too easy to spend money using your phone. Whether it's in-app purchases, games, or online shopping, spending money via a smartphone takes just a few seconds of your time. But did you ever think that this gadget can also help you make smarter choices about your finances? Your phone can help you plan your budget, manage your spending, and find subscription charges that you no longer need. Special apps can also monitor your financial progress when you have certain goals you want to reach.
We've looked through various financial apps that can help you save money and manage your resources more efficiently. Some of them offer different services in one app, while others have certain areas of use like loan management or creating a savings account. These apps offer you more control over your finances, but if you want a more hands-off experience, they can also help you automate various processes. As a result, you can think about your expenses less and enjoy spending money more consciously. Here are 6 apps that will help you make smarter financial choices.
1. Qoins: Manage Your Loans and Pay Debt Faster
Whether you're dealing with Payday Loans or some other high-interest debts, Qoins is here to help. You can connect your checking account to the app and let it create solutions for you to pay debt faster. It will help you save small amounts of money every day by using round-ups and monitoring transaction details. The Smart Savings feature can also deduct certain amounts of money from each paycheck regularly. Next, the app will transfer all the collected money to the debt account you choose.
2. Simplifi: Build Your Budget Quick and Easy
If you're struggling to manage your finances, Simplifi has a lot of features to do just that. You can track your expenses by connecting all your bank accounts and sorting them into different categories according to your budget plan. Set a spending plan for different categories (e.g. dining out, shopping, traveling) and then monitor the ones where you're spending too much. The app can also help you manage your billing accounts and create a handy calendar with payment due dates.
3. Truebill: Spend Less and Save More
Truebill can help you track all your expenses while building a budget based on your preferences. It can also import your transaction details and look for subscriptions that are no longer needed and can be canceled. This app can also try and find better rates for some of the services you're paying for monthly. You can use it to track your credit score and manage your debt payments.
4. PocketGuard: An All-in-One App
If you want a hands-off experience with the app doing most of the work for you, then PocketGuard is right up your alley. The app specializes in simplifying the whole money management process. You can track your loans and bills, make investments, and connect your bank accounts to monitor your spending. In the end, when everything is taken into account and a certain amount of money is set aside, PocketGuard will show how much free money you have to spend on various things.
5. Acorns: Automize Your Investments
The idea of rounding up your transactions to save money little by little is not new, but Acorns was one of the first apps on the market to make the best use of it. Its main function is to help you save money each month. The app then automatically invests that money without your direct involvement. Acorns offers different investment options and you can even open a specialized checking account with an in-built investment feature.
6. Honeydue: Plan Your Budget Together With Your Partner
Sometimes it's hard to track your expenses when you live together and there's no set budget for you and your partner. This app allows you to sync your bank accounts, investments, loans, and credit cards and then view your financial pictures together. Naturally, you don't have to connect all your accounts and you can choose only the ones you're comfortable to share. You can create custom categories for your spending, but the app can also do it automatically. Furthermore, Honeydue has an in-built chat with emojis to make your financing together as smooth as possible.
Conclusion
While our smartphones can make us spend more money than we normally would, we can also use these gadgets for smart budgeting and managing our finances. Different budget apps can help you create budget plans, set financial goals, and save money to pay out loans. If you don’t like to get involved too much in managing your finances, some apps can do that for you, too. You can automate different processes and even use budget apps to pay less for your subscriptions.
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