Staying on top of your finances can be challenging at times, especially when times are tough. According to a new study from Capital One and The Decision Lab, over 75 percent of Americans noted feeling anxious about their finances.
Of those that participated in the study, another 58 percent said that their finances are taking over their lives. Luckily, there are now money management apps that can help you stay on top of your budget.
If you are looking to gain financial freedom, keep reading this guide to learn the top personal finance apps to help you get your budget back on track.
If you need help saving money, Acorns is widely considered one of the best personal finance apps available today. The Acorns app helps you invest and save by automatically investing your spare change from purchases directly into a diversified portfolio.
You don’t have to worry about adjusting any positions because their experts will do it for you. With the application, you can also learn about investing through their education center and sign up for their checking account to help you manage your spending.
Mint is the most downloaded money management app that helps you manage your money and analyze your spending habits. The all-in-one service is considered the best budget app for iPhone because it’s free to sign up.
The free app gives you access to a host of cool features such as:
- Spending habits analysis
- Personalized recommendations
- Savings goals
- Payment/bill reminders
- Budgeting tools
And there are added benefits like credit score monitoring that can alert you when your information is updated. Knowing when it’s time to hire a professional credit repair service can make all the difference, allowing you to get back on track in no time. Learn more about how a credit repair service can help you with these benefits.
3. Personal Capital
Personal Capital is a personal expense tracker app designed for higher net worth individuals. Although you can sign up for a cash management account with no minimum account balances, you will need a minimum of $100,000 to deposit to utilize the wealth management services.
For high net worth individuals, they have a higher “Private Client” tier that comes loaded with one-on-one financial consulting, two financial advisors, and a massive network of helpful resources.
If you tend to overspend on your budget, you may want to consider downloading PocketGuard. The app will analyze your income and spending habits to show you what you can spend after setting some aside for your savings goals.
If you have debt, you can upgrade to PocketGuard plus, which provides a debt payoff plan. The plan shows you what you need to set aside in order to lower your debt. However, if you are looking for a good budgeting app, you can download the free version for a personalized budget analysis.
Get Started With These Personal Finance Apps Today
The longer you put off fixing your finances, the longer it will take to get you back on track. Downloading one of these personal finance apps can help get you started on a path towards financial freedom. Stop letting your finances run your life. It’s time to take control of it once and for all.
For more helpful information that can help you achieve financial freedom, check out the finance section of our blog!