Top 5 Essential Apps for Managing Finances 123

As we move into an increasingly digital world, managing personal finances has become a task that can be easily accomplished with the help of various phone applications. In this article, we list the top 5 essential apps that can help you stay on top of your finances, and improve your overall financial health.

1) Mint

Mint is an all-around financial management app that pulls data from all your linked accounts into one place. It allows you to track bills, investments, credit score, and spending patterns across your accounts. Mint also sends reminders when bills are due, settings to track expenses per category, and personalized financial advice.

2) YNAB

YNAB stands for You Need A Budget and it does just that: it helps you create and maintain a budget by tracking your expenses and categorizing them into subaccounts, such as groceries, rent, and utilities. YNAB connects with more than 12,000 banks and financial institutions and provides personalized advice on how to save better to achieve your monetary goals.

3) Acorns

Acorns is an automated investment tool that rounds up your debit or credit card purchases and invests the spare change into a diversified portfolio. It also allows you to set automatic daily, weekly or monthly contributions to the account, which can help streamline your investment priorities and build savings for rainy days.

4) Personal Capital

Personal Capital enables users to track their net worth and monitor investment portfolios with ease. Personal Capital’s Investment Checkup feature provides a breakdown of the asset allocation of your portfolio and highlights places where you could cut down on fees or optimize your portfolio. Additionally, it offers financial planning services to help individuals generate a comprehensive and actionable plan for their money’s future.

5) PocketGuard

PocketGuard is a budgeting app that allows you to track your bills and set a personalized budget based on your income and spending patterns. The app syncs your bills and savings, and after accounting for all expenses, gives an estimated “safe to spend” amount. PocketGuard has a simple, user-friendly interface, making budgeting a less daunting task for those new to finance.

In short, these five apps have the potential to help you stay on top of your finances, whether you are new to the world of finances, looking to streamline the management of your investments or saving to buy a house, car, or other significant purchase. Try them out and get a head start on managing your finances today.

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