Best Financial Apps
If you're like most modern Americans, you use your phone for innumerable daily tasks. In addition to phone calls and texts, your phone allows you to take pictures, watch videos, play games, track your exercise, and much more. There's an app for just about everything, including many financial chores like reviewing your accounts, transferring funds, paying bills, and keeping track of your budget. To improve your relationship with a variety of money matters, check out some of the best financial apps available below.
Best Financial Apps
YOUR CREDIT UNION'S APP
First, be sure that your credit union or bank offers an app and that you have it downloaded to your phone. Most financial institutions have apps that allow you to check your account balances, transfer funds, view and pay bills, find locations, and more. For example, the BluCurrent Credit Union app lets you accomplish all of these tasks for free using either an iPhone or an Android.
Mint is an award-winning personal finance app that can help you track your finances, stick to your budget, and manage all of your accounts. All you have to do is connect your checking accounts, savings accounts, loans, and credit cards to the app. Then, you can view all of your transactions in one place using Mint's beautiful graphics and intuitive organization, making it easy to review your spending and income. There are also bill reminders, alerts of unusual spending activity, and budgeting tools. Plus, it's free!
Similar apps that offer many of the same services include Prosper Daily, Personal Capital, and Level Money.
If you have trouble saving up for your financial goals, check out Saving Made Simple. You can add several specific goals to your account (such as paying off a debt, booking a vacation, or purchasing a new car), establish deadlines, and set up notifications. Based on the savings goal amount and deadline, the app will let you know exactly how much you need to save (each day, each week, and each month). You can record and track your expenses as well, so that you know exactly how you're spending the money that is not going toward your goal.
Your credit score can have a major impact on your life, so it is important that you keep track of it. Use Credit Karma's complimentary app to stay on top of your credit by reviewing free credit reports and credit scores from two of the leading credit bureaus (TransUnion and Equifax). You can also receive weekly updates about your credit, set alerts, and request personalized recommendations.
Fans of the envelope budget system will appreciate GoodBudget. In a traditional envelope budget system, you place cash for each month's expenses in envelopes divided by category. Throughout the month, you pay for things using the envelopes, so that you can't spend more than you have budgeted. Then, at the end of the month, you can pull out the excess and save it. This is a great way to prevent yourself from overspending, but some people find the cash-based system old-fashioned and frustrating. GoodBudget allows you to use the same system electronically, crafting a budget and creating "envelopes" on the app.
What do you think of our list of the best financial apps? If you have any other recommendations, please feel free to share them in the comments below.
Finally, are you interested in joining a credit union? If you live or work in southwest Missouri, check out BluCurrent Credit Union. We offer mobile banking and a convenient app, so that you can stay on top of your finances while you're on the go. To learn more about our services and benefits, please stop by one of our branches or explore our website