Everyone worries about money at some point in their lives, whether many of us like to admit to that or not. Whether you’re living paycheck to paycheck, working multiple jobs to pay back loans or debt or you have more money than you know what to do with, it’s important to learn how to keep track of your money so that you can manage your spending and saving and make sure your money is well-spent.
And we could all use a little bit of help with this sometimes, since money is a hard matter. So why not use the one thing that’s always with us to our advantage – our smart phones? These apps will help you learn how to better manage your money.
Where does a large chunk of our money go every month? To the mortgage, of course! And with this free app, Mortgage Calculator, you’ll be able to calculate your mortgage quickly and easily from anywhere you are. So if you’re thinking about buying a house or a vacation home, or even if you’re a realtor that sells homes, this app can help you plan well in advance of when you actually buy.
It’s completely free to download in the App Store and it can give you a really great snapshot or how much you’re spending on your home whether you currently have a mortgage or not – you can evaluate the one you currently have, or plan a future one.
The Mint.com app isn’t exactly a secret – it’s been popular for quite some time now, but if you aren’t using it yet, you should be. Today.
It’s another free download, and it’s the most comprehensive app to give you an overall picture of your monthly or weekly income, your budgets, your spending and your debt. You like your bank and credit card accounts directly to the app so that every time you deposit money or pay a bill, the app is automatically updated. It will alert you when you have upcoming bills, and alert you when you’ve gone over your budgeted expenses in a particular category.
The best part about this app is that it’s completely customizable. You choose how frequently you want your budget to be set for, you categorize your costs your way and you can choose your own alerts. It’s comprehensive, helpful and incredibly well-organized and can help even the most disastrous financial person figure out their personal finances.
iWallet is an app that helps you track and analyze your spending versus the amount of income you’re actually bringing in. You enter all of your spending as you spend it, categorize your spending, record your method of payment and track and analyze your spending over a chosen period of time.
The app, just $4.99 in the App Store, then creates thorough pie charts that can be shared and emailed to family members or roommates, and it gives you a great and simple overview of how much money you’re spending and what you’re spending on so that you can make adjustments to your budget as necessary.
It’s a great all-in-one app for managing your spending – which is so important because oftentimes we lose track of the small purchases that add up, and then we wonder where our money goes. You’ll never wonder again after you download iWallet.
Although it’s becoming ever easier to track and manage our finances, it’s much more challenging to make the changes necessary to change our financial health records. iExpenseonline is the app that will help you analyze your money in a way that pushes you to make changes to save more and spend less.
Designed by financial advisers, this app is like your own personal adviser in your pocket that will analyze your spending habits, point out the bad ones and let you know what needs to be fixed and how to fix it. You can attach priorities to your budgets in this app so that you can focus on spending your money where you need it most, and focus less on the unnecessary spending.
There’s also a user-generated area of this app where people can submit and share money-management tips for all to see. And hey, if you need help with something, chances are, someone else has already figured out how to do it correctly, and they’ve shared it on this app.
Ashleigh Murray is a freelance writer who is always looking for ways to manage and save her money. Her latest big financial move was getting a credit repair for her debt that has ended up saving her tons of money.