5 Best Personal Finance Apps in 2013

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Managing your money can make all the difference between a financially comfortable life and a constant struggle. Fortunately, you don’t have to be a math or accounting geek to manage your finances these days. Some of the personal finance apps below can help you out.

Here’s my list of the best money management apps available today:

1) Mint.com

Mint has consistently ranked amongst the best personal finance apps. Available for free on iPhone, Android and the web, Mint keeps track and organizes all your accounts, from balance sheets, bank account activities and credit card usage to investment accounts and loans.

The app allows you to create spending goals and prepare budgets, and gives you timely reminders about bills and other payables. Mint performs all these functions automatically as long as your device is connected to the Internet. You can read more of my thoughts on Mint here.

Sign up for Mint here.

2) YNAB (You Need A Budget)

You need a budget helps you strike a balance between what you make and what you spend, and is an incredible all-around tool to help you get your financial house in order. When you start using YNAB, they ask you to follow several rules to get you on the right path.

To stop living paycheque to paycheque, they recommend working towards living on last months income instead of this months or future months. Second, they urge you to give every dollar a job. The third rule is save for a rainy day, and the fourth is to roll with the punches, and don’t get discouraged if you’re not perfect the first time around. Check out YNAB here.

3) Savings Goals

Savings Goals is a great app for people who find it tough to save money. You can use the app to create goals and prepare budgets accordingly. You can set target dates and the amount you want to save by then.

Once you feed the goal in the app, it calculates the weekly or monthly savings that you need to make in order to reach the targets. The app also gives you the time you need to save a specific sum of money.

It generates a savings schedule as well. Additionally, the app gives you reminders about the time left to reach the target and whether you are ahead of the schedule or behind it. Savings Goals is highly customizable.

Check out Savings Goals for iPhone.

4) iWallet

iWallet helps in easy money management. You only have to enter your expenses and the app organizes it for you to analyse with ease. The apps allows you to create expense categories, record expenses, record timeline of expenses, create payment modes, prepare budgets, receive alerts when you spend against budgets and do so much more.

You can also backup all your financial data securely.

Get iWallet for Android or iPhone.

5) Pageonce

Pageonce is available for free for iPad, Blackberry, iPhone, Android and Windows Phone. The app allows you to make easy online payments for just 30 cents per transaction. If you are not very fond of automatic bill payments, Pageonce can be your perfect choice.

It gives you better control over how much and when your money goes to specific service providers. The interface is great. The drawback is that your account balances are not updated as quickly as Mint.

Sign up for a Pageonce account here.

Photo Credit: ruxxnaqvi (MisDan)

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