When you’re busy working a nine to five and taking care of your children, you might not find the time to take care of your finances. According to CNBC, the average American is now in a personal debt of about $38,000. According to Business Insider, the average American has a credit card debt of about $5,700.
If you realize you fall into this average, the good news is that you’re not alone – and there’s something you can do about it. One of the first ways to manage your money and pull yourself out of debt is to get yourself organized. Luckily, with all of this present-day technology, doing so is easy. You can manage your money right on your mobile device and take care of all of your finances while you’re on the go. These are the top ten money management apps you can download right now.
YNAB (You Need a Budget)
This is one of the best money management apps out there. This app claims to help you break the paycheck cycle, save more money, and pull yourself out of debt. You can try it free for 30 days. On average, users save $300 in the first month and more than $6,000 within the first year. Their key features include bank synching to connect all of your accounts in one place, real time access to all of your data, and tools to help you get out of your debt. You can also set personal goals and track them, so you reach your finance goal faster. They also have an around-the-clock support team.
Goodbudget Budget Planner
This is a great app to use if you’re sharing it with your family members, spouse, or friend. You can easily sync the app and data across multiple smartphones. It’s straightforward to use and you can easily stay on the same page about finances with those you’re budgeting with. The in-app reports help you make sense of your spending. It helps you live within your means and schedule transactions. You’ll get seven years of transaction history and personal support from their team.
This is one of the simplest money management apps you can download right now. You can easily create simple lists of incomings and expenses to keep track of the balance. The interface is simple and easy to use. You can use it on your own time, whether that’s daily, monthly, or weekly. You can choose the currency and drag to reorder items within the app however you wish. The pro version of the app lets you choose from different themes, comes with a calculator, and lets you share your budget with your loved ones.
Daily Budget Original
This app is safe to use – it doesn’t connect your bank accounts or ask for your banking information. You’ll get a daily budget calculator and categories for expenses. You’ll enter your regular income, your recurring expenses (rent, gasoline, groceries), and your savings goal, like 15%. The app will calculate your daily budget and tell you how much you can spend every day. Once you stay below your daily budget, your savings will grow. The app is fun to use and turns your financial life into an exciting game!
Mint: Personal Finance & Money
Mint is one of the most popular money management apps out there. It brings together bank accounts, bills, investments, and credit cards into one, easy to use space. It’s easy to see exactly what you’re spending and in what areas of your life you can save money. Using your real financial information, Mint can unlock exclusive money-saving insights. It also makes sure to keep your credit score up front and center so you’re always keeping it at a good level – which you can see every time you sign in, even without your credit card. You can track bills while keeping an eye on your account balances.
Clarity Money – Budget Manager
You can easily organize your bills using the automated expense tracking. The app will help you cancel subscriptions and stay organized by tracking your budget, debt, investment accounts, and savings in one space. This app will help you become accountable for your spending and change your spending habits. It supports thousands of financial institutions like Capital One, Chase, Citi, and Bank of America. This app is great for those of you always on the go – it’s easy to use the app and save money without having to put much thought into it!
The EveryDollar app follows a zero-based budget approach to track your spending and save money. You’ll be able to pay off your debt, build up your wealth, and budget your money in one space. Within minutes, you’ll have a customizable daily or monthly budget, a budget planner, and reminders to keep track of your spending. The company truly strives to help people take control of their finances. Their customer support team is reliable and they’re constantly updating the app.
With the Expense Keep app, you can add, edit, and delete accounts, set a starting balance, and organize your money into different accounts. It’s easy to edit entries for your expenses and incomes, create custom expense categories, and set a date and note for each entry. Organization has never been easier with this app! You can also see your monthly history, how much you’ve spent and earned for the month, and your expenses separated into categories.
Managing your money has never been more straightforward! By downloading one of these apps, you can easily keep track of your expenses and set a budget that suits your personal financial situation. Most of these apps let you organize your accounts, create your own savings percentage, and input your income so you can see where you can save money. These apps will make it easy for you to save a certain amount each month which will quickly accumulate – and eventually help you out of debt. It’s incredibly important to organize your finances so you can finally pay off that pesky debt that seems to grow. Download one of these apps right now and see which one you like the best!