Australian smart phone users interact with their devices nearly 480 million times a day! From banking to checking email to reading the news and listening to music, many of us are accessing information through our mobile apps.
So when it comes to money, it’s only natural that we look to apps to help streamline our finances.
But which ones actually work?
Read on to see our top four picks for the best money managing apps around and see why it’s never been easier to stay on top of your finances.
Mint: Best all-around money managing app
Mint is probably the most well-known app of its kind and a great all-around finance app. From creating budgets to tracking and paying your bills to checking your credit score, it’s got all of the major bases covered.
Mint will send you bill reminders so you can pay your bills on time. You can then make payments on the spot or schedule them for later.
One of the best features is that they remember your payment settings, so you can pay with just two taps or clicks – perfect for those who have password amnesia!
They’ll even send you alerts for unusual account charges and custom tips for reducing fees and saving money based on your expenses.
Digit: Best savings app
Digit will connect to your transaction account and analyse your income and spending to determine how much money it can realistically set aside for you. Similar to a money manager, Digit saves money from your transaction into your Digit account, making sure to never transfer more than you can afford. There’s a no overdraft guarantee as well so there’s no risk of spending money on credit.
If you need to access your Digit savings account, you simply send them a text and they’ll transfer money back into your transaction account the next business day.
You need a budget: Best budgeting app
You Need A Budget (YNAB) is all about smart budgeting. While none of these ideas are new, they put practical budgeting advice into an easy to use method based on the idea that every dollar has a job.
The app syncs up with your bank details and has a feature that allows you to share all of your app info with your partner too. You can even adjust if you overspend in one of your budget categories (hey it happens!) – just simply free up money from another category and you can get on with your day.
It’s great for establishing some healthy finance habits and might even make you a bit excited about what your budget can do for you. While the app isn’t free, they’ve got lots of extras like free workshops, weekly videos and help docs.
Wally: Best expense tracking app
Wally helps you track your expenses so you can figure out how you’re actually spending your money. It’s great for organising all of those pesky receipts as it allows you to easily take photos of each item. This app will help you compare your income to your expenses so that you can understand how you’re using your money. You can then use that information to set and achieve your financial goals.
Money managing apps are here to improve your finances
With so many great finance apps on the market, it’s easier than ever to manage your money on the fly. Try a few out and see how you go!
If you need professional help managing your finances, we can help you decide which solutions work best for your situation. We’re here to help! Contact us today on 1300 368 322 or simply fill out the form below to take the first step.