Managing your finances in the modern world is an important task, but it requires effort. Whatever your financial situation, there are tools to help you manage your money. One of the most affordable ways to organize your finances right now is to use an income and expense management app. You may agree: it’s easy to deal with personal finances when you can manage them with one click of a button.
Statista provides data that most people under 30 in the United Kingdom (UK) use apps in one form or another to help them budget. In terms of frequency, most people used the budget app from once a month (10 percent) to every day (14 percent). Only four percent of respondents said they used the budget app more than once a day.
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In this article, we’ll take a look at the most popular financial management apps in 2021.
Revolut is an app that lets you create monthly budgets, categorize your expenses, send money instantly for free, and round up your savings. Here you can add and store several currencies, participate in cryptocurrency trading, use disposable virtual cards or make international transfers without commission. These features make the app Revolt one of the best banking apps out there.
This application is ideal if you often have to share accounts with someone else. Coliving and coworking work perfectly with this app. Splitwise – creates a system of total expenses and income, sums up the money spent, and determines who owes what. It saves time, money and prevents many disputes.
Webull is a user-friendly, easy-to-navigate application aimed at casual investors. Forbes writes that Webull began with a mission to give everyone an equal opportunity to control their finances and manage their financial future.
This platform is commission-free and gives you an easy way to keep an eye on the market and stocks in your portfolio, whether you are just starting or are an experienced investing professional.
This application is perhaps the most convenient for managing family finances. It can be easily used and synced with other family members. A feature of the app is the envelope function, which allows you to adjust your expenses as you see fit.
5. Personal capital
Personal Capital is an app that collects all of your finances in one place, turning your finances into an easy-to-understand chart. Every month, the cash flow is analyzed here; you can track investments in cryptocurrency and calculate the net profit.
With this app, you can also plan and predict your retirement and track your investments in one place.
This app is suitable for those who do not want to invest a lot of effort in maintaining a budget. This app makes it easy to automate budgeting and savings. You give it the basic information, and the app takes care of the rest. You get access to features like automatic savings, instant cash advances and cash bonuses, and a micro-investment account. He can even negotiate your bills for you.
This app automatically detects how much money can go into your savings pot – and when it’s time for it. The money is transferred to your savings bank in small amounts every few days – so you won’t even notice that they are gone, and you will slowly build up a fund for a rainy day without even noticing it.
There are so many personal finance applications now, and you can easily choose what is suitable for you. Focus on those functions that meet your needs and close your pain points. Also, you can always use mobile app development services to create a finance application that meets precisely your conditions and wishes.