Chances are you’ve probably got a smart phone or an iPad lingering in your handbag or by the bedside table. Once you get your hands on one of these high-tech gadgets you find them very hard to live without. Not only are they great for browsing the Internet, listening to music and watching videos, but apps on smart phones and tablets are growing in popularity each year, with software that can do everything from read your youngster a bedtime story to organise your diary. Whether they’re free or paid, apps are the new way to keep track of your digital habits and can be your secret weapon when it comes to managing your personal finances. As Samantha-Sophia Felton from Leepeck Group explained in a report by The Guardian, “free and low-cost apps do everything from comparing supermarket prices, by scanning a product barcode, to converting premium-rate telephone numbers. These small changes can have a vital impact on your monthly outgoings.” Apps can also help with your financial planning, from monitoring the stock market to budgeting for your weekly grocery shop, with more and more brands reaching consumers through their phones.
Banking apps might not be as much fun as Gem Drop, but they can give you an update on your finances in an instant and keeping track of your money so you’ll be able to manage your expenditure more responsibly.
iPhone’s still best
According to The Independent, the iPhone has the best range of personal finance apps. The article listed the UK Salary Calculator as number one in their top ten list of personal finance apps, “this is a great one if you’ve just got a new job and want to figure out how much money you have after tax, student loan, pension contributions and the like. Simply put in your gross salary and it works out the rest.” Coming in close behind was a list of programmes that help you to save money, keep track of bills and stick to your budget, with many of the apps being free to use and available on both Android and iPhone.
To complete this list of top ten apps to help you manage your money, a variety of uses has come into consideration including apps to help you get the best deals and discounts, stick to your budget, save money, track the stock market and review your bank accounts.
1. Mint – Android and iOS – free
Mint helps you manage your finances by allowing you to keep track of all of your bank accounts and credit cards. While it does take a little bit of time to set up, but once that’s done Mint can track your spending and even generate a sensible budget for you. At a glance you can see where your money is going and when you’re reserves are running low.
2. Redlaser – iPhone – free
The Redlaser app is a simple idea with excellent excution. It lets you scan a barcode with your iphone to compare the price of the item with various other deals and offers online and offline. It’s the most accurate and reliable of this kind of app around and best of all it’s free.
3. Debt Snowball – Android – £1.25
Debt Snowball helps you manage your debts. You simply key in all your credit accounts, interest rates, balances and repayments along with how much you can afford to pay each month, and the app will figure out the quickest and cheapest way of paying off your debts saving you money and hassle.
4. Extreme Budget Planner – iPhone – £1.79
The Extreme Budget Planner really has it all to make your budget stays on target. A staggering amount of features lets you create a balance forecast and handle accounts. It includes various calculators and graphs to help you make sense of your budget.
5. Billminder – iPhone – £0.59
Billminder does what the title says, it keeps track of your bills. This app is super slick and has push notification, works well with the calendar function to help you see at a glance, what bills are coming up. This app also lets you analyse your expenditure over time and automatically detects currency settings if abroad.
6. Eccount Money Banking App – iPhone and Android – free
The Eccount Money app is a great-looking tool to help you keep track of your spending. The strength of this app is being able to simply check your balance, view statements and pay bills or make payments on the move. This is a nice, simple app for casual users looking for easy interface.
7. Bloomberg -iPhone and iPad – free
Considered the best of its kind, the Bloomberg app is ideal for anyone wanting to keep track of the stock market. Blowing all other competition out of the water, this app does everything you could possibly want and displays the information nicely, along with showing any news items related to the market and any particular companies you are tracking.
8. Homebudget – Android and iOS – £2.99
The Homebudget app is a little pricey compared others on the market, but it’s value for money according to reviews. Simply enter your income and outgoings and you’ll get a graphical breakdown of how your money is performing and predictions of your balance up to 6 months in advance. The best part of this feature is that you can sync it with other devices in the house so you and your partner can be on the same page so to speak.
9. Account Tracker – iPhone – £1.79
Account Tracker is one of the rare apps in the iTunes store that has received 5-star reviews from every customer. Described as a ‘flawless budgeting tool’ by Money.co.uk, this app lets you manage expenses, track accounts and it’s all fully customisable.
10. Meter Readings – iPhone and iPad – £1.19
This app has a great reputation. Meter Readings closely monitors your energy bills and takes the hassle out of trying to save money on your utilities. It has graphs that show energy usage for gas, water and electricity and even show you price comparisons from other providers. This is a money-saving app well worth getting.