10 Best Apps for Managing Your Finances
By Sarah Kimmel (from Clever Girls Collective) on March 17, 2011
In order to manage your personal finances on the go, you need to have apps that cover 4 major areas. Budget/Check Register
First is the most helpful to have on the go. A good budgeting app will tell you where you are in relation to your budget wherever you are, and tell you exactly the amount of money in your account. If you are at the mall, and you REALLY want that pair of shoes, you can open up your budget app and see how much you have left to spend for clothing for the month.
Bills
Keeping track of when bills are due, and view on a calendar which ones are upcoming, and the ability to pay them directly from the app is a great tool to have on the go.
Expenses - If you need to keep track of certain expenses, like for a business trip, or other expenses that can be tax deductible or reimbursable, this is essential. The ability to store the receipt and assign a certain expense to one business is a definite must.
Debt
If you are serious about reducing your debt, then you need a tool that can help get you motivated. A total with all of your balances, then the ability to choose which debt you want to put extra money towards by selecting your payoff method (ie high interest cards first, lowest debt amount first, etc)
Miscellaneous
This is for extras that are nice to have to help you in your financial goals, but not essential at all.
Here are my top 10 apps for managing your finances:
Mint - FREE; Android & iOS; Budget, Some Bills & Expenses - While Mint.com nails the budget category right on the head, and is available for the 2 major mobile operating systems, it lacks only slightly in the Bills and Expenses. You can set up bill alerts, but can't view a calendar on the mobile version. Also you can categorize your spending into business expense, it's not as robust as a fully featured expense app.
iXpenseit - $4.99; iOS; Budget & Expenses - Great tool for tracking your budget, and your cash flow status. Reporting tools in this app are fantastic.
Virtual Wallet - FREE; iOS; Bills, Some Budget & Expenses - Virtual Wallet is EXCELLENT for keeping track of your bills and your current cash flow. While it doesn't let you break your budget down into categories, you are able to see what you have available to spend after all the bills are paid. Also you can pay bills from the app, which I love.
PageOnce - FREE; Android, iOS, WP7, & Blackberry; Bills, Some Budget, Expenses & Debt - While a great tool for bills, it does not have the ability to pay the bills from the app. Also it only gives you a window to your budget expenses and debt, not a tool for managing them.
EEBA - FREE; Android; Budget, Some Expenses - Great for people who use the "envelope" system of budgeting.
Expensify - FREE; Android, iOS, webOS, Blackberry; Expenses - Hands down the best app for managing business related expenses.
Debt Free - $0.99; iOS; Debt - Does everything I would want it to do to help reduce debt.
SnapTax - FREE; iOS & Android; Misc - File your taxes from your phone! Just take a picture of your W-2, and the app will import the right data. Awesome for simple tax returns.
Grocery Gadget - $0.99; iOS, Android & Blackberry; Misc - Grocery Gadgets allow you to easily organize grocery lists, coupons, recipes on FREE web portal and on your mobile device.
MiVa lue - FREE; iOS; Misc - Enter how much you make per hour, then you enter how much those shoes are you plan on purchasing, and it will tell you how many hours you have to work to pay for those shoes. When you consider I have to work 2 hours in order to pay for it, it doesn't seem like such a great purchase after all.
Did I miss any that are your favorite? Shout out your essential personal finance tools in the comments!
Clever Girls Collective is a social media marketing agency founded by women who wanted to use their deep marketing experience and broad social network relationships for good. We know that women who engage in social media are some of the most authentic, connected, trusted, and vocal influencers -- not only online, but "in real life." Sarah Kimmel is the author of The Organized Mom which has tools, tips, and tricks to help get you and your family organized, healthy and happy.
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