In today’s society, you would be hard-pressed to find someone without a mobile phone in their pocket. With a wealth of information available at everyone’s fingertips, you would think that more people would lead dramatically simplified lives.
Alas, this is not the case where personal finance is concerned. Many people still struggle with money management on a daily basis.
Luckily, there exists several different types of apps to help us simplify how we manage our personal finances. Give these four types of finance apps a run for their money (and yours) today!
Budgeting and money management apps
The area most likely to be the cause of a majority of peoples’ money management troubles is budgeting (or lack thereof). For one reason or another, many people can’t seem to come up with and stick to a weekly or monthly budget.
Fortunately, there are many innovative budgeting apps from which to choose that can help make budget planning a breeze. These apps can help you spend less money and build your personal finances for the future.
Ditch the old-fashioned pen and paper and try an app like Mint to easily set and follow your budget.
Expense tracking apps
One of the most common reasons people spend too much and don’t properly manage money is that they have a complete disregard for tracking their expenses. When we travel long distances or buy food, it can be all too easy to not pay attention to how much we are actually spending.
The last thing you want is to wake up one day with bad credit and get refused by the bank when you need a loan. So, try a free app like BillGuard or Dollarbird to easily track your expenses and break the habit swiping your credit card for every purchase.
Property investment apps
If you’re in the real estate market in any capacity, you no doubt understand the difficulty of money management for properties. Keeping track of rent and maintenance can be a nightmare without good organization.
To make your life easier, you can use popular property management apps like Buildium and AppFolio Property Manager which help you simplify and keep track of everyday tasks.
Stock market apps
Keeping track of the investments in your stock portfolio can be a real challenge. A wise investor checks his stocks more than once a year and successful money management means being aware of the status of your investments.
Free apps like Personal Finance Capital and Portfolio Watcher can decrease the stress of managing your stocks, allowing you to have a bird’s eye view on how your money is moving.
Good management of your personal finances is crucial if you want to see your wealth accumulate. Whether you’re having trouble budgeting, tracking expenses, managing a property or monitoring investments, there’s an app out there that can simplify how you manage your finances.