21 Dec Apps That Will Help You Manage Finance
Are you always losing control over your finances and always clueless where your money went?
Earning money is one thing, managing it is a whole another challenge. Managing your finances can be tricky. The good news is you can educate yourself on how to responsibly handle your funds and there are industry professionals who you can seek for consultation. However, if you don’t have much time to spare, you can actually start managing your finances in the comfort of your own home, using the apps we consolidated below:
MoneySmart’s spending tracker app TrackMySpend lets you keep track of your personal expenses on the go. It’s a free app that shows you what you are spending your money on and puts you in control. The app helps you track your day-to-day spending to find out where you can save and it lets you view your spending history on screen or export to a CSV file. It’s also available on Google Play.
With its slogan “Life’s good when you’re on top of your money,” this app does help you take control of your finances. It tracks exactly where your money is going by organising your spending into categories like clothes, groceries and fuel – showing you where money is being spent. It also lets you set up budgets for each category, see your balances and view your transactions which gives you actionable insights so you can spend and save even smarter. Pocketbook app is for free which is available on Apple Store and Google play.
Tired of chasing your housemates to pay their rent and bills? Well, this app does that for you. It is an “all-in-one solution to pay your rent, bills and split sharehouse expenses.” Easyshare collects everyone’s share and pay the total for you. Each user chooses their preferred payment method with the multiple options of paying via bank transfer (free) or credit card (surcharge applies). This is a free app that notifies your housemate if the payment is already due. Download it on Google play and Apple store.
Does one of your friends always owe you from your trip ages ago? Splitwise is one way to share bills and IOUs and make sure that everyone gets paid back. It keeps track of apartment bills, group trips, and random IOUs. You can download the app for free which lets you split household bills with roommates, to figure out costs for a group vacation, or just to remember when a friend spots you for lunch. It is available on Google store and Apple store!
Wondering where your money went last weekend? Finch is a “financial app for your social life where you can run tabs, pay friends and track your social spending, in one convenient place.” Their branding claim is “combining data intelligence, behavioural psychology and gamification to present your financial world in a way you’ve never seen before.” Check out this app on Apple store and Google play.
While these apps may or may not eventually ease your struggle in managing your finance, it is always a smart move to consult a professional and see what are your options. Nevertheless, self-discipline is the ultimate ingredient in successfully taking control of your hard-earned money. J
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