Smartphones have taken the popularity crown from the personal computer in a relatively short amount of time. While many people use their phones for entertainment and communication, most aren’t aware of the wealth of productivity apps that can make your life easier and your business run more smoothly.
We share some personal finance apps below that have made it really easy to manage our finances (both personal and business). If you’re looking for a great phone plan, check out our Google Fi article.
(1) Mint (Cost: Free) With millions of downloads and a great rating, mint has dominated the personal finance world of Apps for years. The primary benefit of Mint over its competitors is the free integration with bank and credit accounts. Many competitors charge for this luxury. Another plus is the ability to set up a budget and then track it automatically using your phone.
(2) Personal Capital Finance (Cost: Free) While Mint has proven to be the best (free) spending tracking app, Personal Capital Finance (PCF) does the best job tracking investments. PCF aggregates all investment accounts into one place, including obscure ones, and provides a secure, easy to use user interface.
(3) TrabeePocket: Travel Expense (Cost: Free) This app is geared towards those who travel frequently or want to manage their finances during a vacation. With this app, you are able to track your spending while staying on budget.
(4) PocketGuard (Cost: Free – Only available on iOS) PocketGuard is an expense management app and a close competitor to Mint. Similar to Mint, PocketGuard aggregates all financial accounts but really shines through with graphs and charts that can track goals like saving for fun things. It also does a great job of visualizing spending vs. income.
(5) IQBoxy (Cost: Free – Only available on iOS) Easily collect expenses, generate reports and sync them into Quickbooks. The cool part is that you can take a photo of a receipt and IQBoxy will capture the financial data. This is an especially great option for sole proprietors.
(6) Concur (Cost: Free, but charges to get full access) Similar to IQBoxy, Concur is the standard bearer for corporate finance tracking. Concur makes it easy to track expenses and can capture information from receipts. The benefit of concur is the robust web software where you can generate reports associated with your spending. If you’re big business, Concur will probably be right for you. If you’re just starting up, IQBoxy might be a good alternative.
(7) Compound Interest Calculator (Pick a Free one) There are many compound interest calculators available. Anyone slightly interested in investing should have a compound interest calculator on your phone to calculate how much your investments will could be worth over time. This app provides great motivation to start, continue, or increase your investment rate.
Do you have any apps that you use for personal finance that aren’t listed here? Share in the comments section below!