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. An income and expense management app is one of the most affordable ways to organize your finances right now. 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 showing that most people under 30 in the United Kingdom (UK) use apps to help them budget. Regarding frequency, most people use 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.
Contents
1. Revolut
Revolut is an app that lets you create monthly budgets, categorize your expenses, send money instantly for free, and round up your savings. You can also add and store several currencies, participate in cryptocurrency trading, use disposable virtual cards, or make international transfers without commission. These features make Revolt one of the best banking apps out there.
2. Splitwise
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 and money and prevents many disputes. Splitwise has emerged as a go-to solution for those looking to manage shared expenses efficiently and fairly. Let’s explore why Splitwise is a must-have finance app for 2021.
3. Webull
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 commission-free platform makes it easy to monitor the market and stocks in your portfolio, whether you are just starting out or are an experienced investing professional.
4. Goodbudget
This application is perhaps the most convenient for managing family finances. It can be easily used and synced with other family members. The envelope function is a feature of the app, which allows you to adjust your expenses as you see fit.
The app offers both free and paid versions, with the paid version providing more envelopes and additional features. While Goodbudget doesn’t directly connect to your bank accounts for automatic transaction importing, this manual entry aspect can actually help users become more aware of their spending habits. For those who appreciate a hands-on, proactive approach to budgeting and are fans of the envelope method, Goodbudget offers a user-friendly digital solution that encourages mindful spending and financial planning.
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.
6. Albert
This app is suitable for those who do not want to invest much 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 can access features like automatic savings, instant cash advances and cash bonuses, and a micro-investment account. He can even negotiate your bills for you.
7. Digit
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.
Conclusion
There are so many personal finance applications now, and you can easily choose what suits 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.