Nowadays, no matter what you’re doing or issues you face, there’s always an app for it, especially in the finance industry. With so many new apps emerging every year, you might find it hard to decide which app would be the best for you, whether it is an amort calculator with extra payments, or simply an app that allows you to keep track of your finances, there are countless of available technologies. Here are some of the latest financial apps in 2020 to help you make better financial decisions:
Quicken is actually one of the longest-lasting apps in the financial industry, with over 30 years in the market. Being able to last this long shows how useful this app is. Consisting of multiple tools for budgeting, tracking, organizing, paying or viewing your bills, paying debts, and so on, Quicken knows how to ensure their users manage their finances in a much more convenient and effective way. If you’re looking for an app that connects to your financial institutions, this app does the trick by syncing all your devices and accounts so you are able to access everything within just one app. In short, this app is great for having something similar to having a personal account right at your fingertips, literally. Not to mention their excellent customer service which you could always reach out to whenever you need additional help with the app.
For a more modern feel, Mint consists of gorgeous, minimalistic designs that help you to track everything in one go. Users are able to customize their dashboard by choosing that to show such as a budget, reminders for payment, and so on. Whether you want to make your dashboard a simple or detailed one, you can customize it accordingly. Not only that, but users also get to receive free tips catered to their financial needs such as tips on saving, improving your credit score and how to reduce your banking fees. If you are looking for an app that is both useful and aesthetic, the Mint app is something you should go for.
3. YNAB (You Need A Budget)
If you are willing to invest in a good finance app, the You Need A Budget (YNBA) personal finance app costs a little over $6.99 a month. You may think why pay for an app when you can use the other ones at no cost at all. Well, YNAB does it a little differently. Aside from providing users with a place to track all of their expenses, there are also useful and helpful tutorials for those that are going through any financial woes. Their tutorials come in the form of videos, workshops, newsletters, as well as support forums. This app also offers an interactive, colourful interface with payment progress shown through charts and graphs.
Gone are the days where you and your spouse have to manually split your expenses. With Spendee, it supports multiple users! Unlike other apps where they cater to just one user, whether you are living with your housemates or your spouse, you can calculate and track all your expenses in just one app. The plus side of this app is that users are also allowed to choose their own currency, perfect if you are living with foreigners. Spendee is a life-saver to those that are constantly arguing about who hasn’t paid a bill or not. This app is also compatible with iOS, Android and the web, making it convenient for everyone in the household to gain access. There are a few plans to choose from; the basic plan which is free, as well as paid plans which are in the range of $1.99 a month up to $14.99 a year.
5. Personal Capital
Another great free-to-use app, Personal Capital has been dominating the personal finance app industry since 2009. Slowly becoming one of the most popular finance apps in the market, using the app is pretty simple and easy. It links to all of your financial accounts and shows you a real-time view. This app also helps users to analyze their risks and show their investment progress. If you want something more personalized, you can sign up for their investment and wealth management service program by paying an additional fee. However, this option is only available if your net worth is high enough. Bear in mind, the fees are pretty pricey, so be sure to look into whether you really need it or not. Personal Capital, without the premium fees, will help you get your finances in check with the plenty of free tools they offer.