Best Apps for Managing Your Money

Written By Jeff Hindenach
Last updated December 1, 2020

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Personal Finance
July 24, 2017

Simple. Thrifty. Living.

Do you ever feel like you just don’t know where your money is going? You get paid, pay some bills and have some spending cash left over, but before you know it, it’s all gone. If this happens to you often, don’t fret, because you certainly aren’t alone. Millions of Americans have difficulty budgeting and managing their money, saving money, and generally taking charge of their finances.

Thankfully, today’s advanced technology allows for the development of a number of useful apps that can help you with all of the above. Consider using one or more of the apps listed below to help you manage your money, and you’ll possibly be able to see a significant improvement in your daily finances.

Believe it or not, most money woes can be solved simply by learning how to budget better. If you were to take the time to detail all the transactions you make and all the bills you pay, you may find that you are spending too much on groceries each week, unnecessary magazine subscriptions, high cable bills, etc. But it can be time-consuming to write down everything each week and scrutinize receipts and bills. That’s why Mint makes it so much easier and helps you stay on track with your budgeting.

Developed by Intuit, Mint lets you easily sync your credit cards, bank accounts, and bills, so that you can quickly see how much money you currently have and where it is going each day. The items you spend money on, such as groceries, gas, travel and entertainment, are divided up into categories so that you can see exactly how much you spend in each category. It also allows you to set budget limits to help you curb unnecessary or overspending in any one category.

Mint also helps alert you to fees being charged by other financial organizations and can even keep track of an investment portfolio if you have one.

If you just want to be able to know how much money you have to spend (and possibly how much you can put away to save), you can use the Level Money app. By authorizing Level Money to gain access to your banking accounts and credit cards, you can keep track of your daily spend, assign certain transactions to categories, and inform the app about regular bills that must be paid. Then, the intuitive app can tell you how much money you might be able to save, or how much extra spending cash you have on hand.

After you’ve managed to start budgeting and saving, you might want to consider investing. Stash Invest is a handy app that lets you start investing without needing to have large amounts of cash reserves. You can start for only $5, and monthly fees are minimal ($1) or nothing if you have investments of less than $5,000. Stash Invest is a great way to earn more on your savings than you would through a traditional savings account.

Lastly, for even tighter control over your budgeting, you can use Pennies. This app lets you set daily, weekly and monthly budgets, ensuring you won’t overspend a single dime. You can also set individual budgets for particular categories, and money not spent one day in a category is rolled over into the next day’s budget.

With the above apps in hand on your mobile device, you’ll be well on your way to financial improvement.

About the Author

Jeff Hindenach

Jeff Hindenach is the co-founder of Simple. Thrifty. Living. He graduated from Bowling Green State University with a Bachelor's Degree in Journalism. He has a long history of financial journalism, with a background writing for newspapers such as the San Jose Mercury News and San Francisco Examiner, as well as writing on personal finance for The Huffington Post, New York Times, Business Insider, CNBC, Newsday and The Street. He believes in giving readers the tools they need to get out of debt.

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