The Best Personal Finance Apps of 2020

February 3, 2020 | Business Development, 1 Comments

The Best Personal Finance Apps of 2020 – If you do not know what happens to your paycheck every month, it is time to keep track of your expenses and get on a budget. Doing this will help you plan your expenses rationally, spend less money and increase your savings.

There are a lot of useful apps created by financial institutions to help you create a budget and track your expenses.

 

Money Pro

 

Money Pro is a program for budget management, easy-to-use with advanced features. It is suitable for personal and family budget management and even for people who run small businesses. It runs on Apple Watch and has a convenient interface with many personalized settings.

 

Features:

  • Separate budgets for different family members;
  • Payment calendar
  • Reminders of upcoming payments
  • Tracking transactions on profiles
  • Personal categories and subcategories
  • Cost accounting according to different criteria: by agent, by description, by check number
  • Calculator
  • Currency Converter

 

Platform:

  • Android / iOS

 

Cost:

  • For iOS – $ 1.99
  • For Android – free (there is also paid content available)

 

Zen money

 

This application is also easy to use. It has an easy and user-friendly interface. For example, for those who have no time to enter data manually, there is also a feature of import of bank operations and e-wallets.

 

Features:

  • Adding operations from SMS from banks
  • Data synchronization between applications (plus web version)
  • Different accounts for all family members, separation of accounts into personal and general
  • Cost analysis by categories, shops, projects
  • Clear statistics
  • Accounting of operations in all currencies, including cryptocurrencies
  • Accounting of debts

 

YNAB

 

This application is for those who like to keep things simple. You may have no worries as to tracking your account any longer but focus on your budget.  The most important thing about it is that you do not just note the expenses but manage your budget actively.

 

Platform:

  • OS: Android / iOS

 

Cost:

  • For iOS – free (there is paid content)
  • For Android – free (there is paid content)

 

Minimoney

 

Minimoney is an application for personal and family management. It keeps a detailed record of income and costs, transfers money between wallets, creates visual reports on different profiles and cards. It carries out both fully autonomous and works in tandem with the other computer programs.

 

Features:

  • Record costs, incomes, and transfers straight at the time they are made
  • Fix financial goals and monitor their implementation
  • Analyze the dynamics of income-expenses by wallets
  • Show balance report
  • Show a debt report

 

Platform:

  • OS: Android / iOS

 

Cost:

  • For Android – $ 0.99
  • For iOS – free

 

MINT

 

Mint is a user-friendly budget planner with an easy to remember the name. This application will help its users to have an idea of their expenses for the future. Using a Mint planner, you are going to move forward tracking your daily transactions.

 

Cubux 2.0

 

Cubux 2.0 is an easy-to-use application for maintaining a family budget.

 

Features:

  • Creation of costs, incomes, and transfers in three clicks
  • Control of expenses and income from several phones all the while
  • Synchronization with the version in the browser and backup data
  • Support for all world currencies with constant updating of rates
  • Debts and Budget module
  • The ability to save data in XLS format
  • Convenient analytics
  • Lack of advertising

 

Platform:

  • OS: Android / iOS

 

Cost:

  • For iOS – for free
  • For Android – free (there is also paid content available)

 

MoneyFlow

 

Not too well-known, but noteworthy application that has won the hearts of users. Each section of MoneyFlow is intuitively organized to give a straightforward and uncomplicated picture of your money.

 

Features:

  • Transfers between accounts (the possibility of double recording);
  • Custom accounts and categories;
  • Built-in calculator and currency converter;
  • Visual reports;
  • More than 160 supported currencies and their rates;
  • Intuitive design;
  • The ability to create tags.

 

Platform:

  • OS: iOS only

 

Cost:

  • For iOS – free (paid content is also available)

 

Monefy

 

Monefy is another personal finance application to manage your budget. In-app purchase included. It will help you to keep noted how much you spend and nothing else. Add notes when you buy coffee or take a taxi. Just one click because there is no need to write anything down, just the amount of money you spent. It was never so quickly and conveniently.

 

Features:

  • Entering data in one click, since only the amount is filled
  • Convenient widgets with the ability to use on the lock screen
  • Synchronization with other devices through Dropbox
  • Support for multiple accounts
  • Categorization
  • Backup and export data in one click
  • Built-in calculator
  • Lack of advertising
  • In addition to applications, you can use Excel or Google tables

 

Platform:

  • OS: Android / iOS

 

Cost:

  • For iOS – free (there is also paid content available)
  • For Android – free (there is also paid content available)

 

Personal Capital

 

This application will help to monitor real costs, manage security holdings, find hidden charges, and, of course, track money you spend on a daily basis.

 

Budget Tips

 

Create a Budget

Well first, you need to start maintaining a budget if you are not already. Sticking to a budget will help you understand where your money goes and, in turn, reduce or eliminate any unnecessary expenses.

 

Plan your finances.

Decide in advance with an approximate schedule of all more or less serious expenses for several months. Decide how much to save or if you want to buy something expensive. Then stick to your plan.

 

Analyze what you have spent.

After 2-3 months of maintaining the budget, enough information will appear to understand which categories of expenses should be reduced and whereby you can start saving money.

Many people underestimate the need for budgeting, but practice shows that it is a wonderful tool for budget management. Time spent planning your finances will help reduce costs and gain control over your finances.

Melisa Marzett
Melisa Marzett is a content writer who is currently writing for http://writing-help.org and enjoying it because of having a grateful audience and passion for writing. She travels a lot, having a fantastic opportunity to write wherever she goes, trying new things, acquiring new skills, meeting new friends, gaining and sharing.

One Comment

  1. Briandor says:

    Maintain the amazing job !! Lovin’ it!

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