Who doesn’t want to save money and who says no to an app that helps them do so? It does not matter what we call them, personal finance app, budgeting app, or expense tracker, they are a must for people who want to have control over their money and finances. It is the necessary step you have to take in order to achieve financial health and strength.
In an ocean of applications and gadgets, (not considering websites), it might become a little tricky to get our hands on the most useful and the best financing app for ios. Therefore, Topwonk has handpicked the top 8 applications for you. Stick around to be offered an in-depth review of top budgeting app. No longer will you have to wander in App Store looking for a good financing app. And No longer will you have to wonder what happens to your hard-earned money at the end of the month.
What does a finance app do after all?
Think of it as a personal accountant or a clever bot who lends you a hand in taking charge of your money. You track your income and wages and keep an eye on your everyday or monthly expenses. Besides, there are features for saving money, managing debts, investment and so on.
1. YNAB: You Need A Budget
Use this app and you will be able to save about 600$ in the first two months. This is what YNAB developers have stated. You can establish a link with your bank account and YNAB automatically sets up your expenses and costs.
Regarding how the app works, it should suffice to say that you basically assign a specific task to every single dollar you earn. This goes for all of your investments, savings, and of course your everyday expenses.
You are going to have special categories in the app for your costs, debts, etc. and YNAB helps you achieve a perfect balance between your income and expenditure.
The most amazing point worth mentioning is that YNAB community walks you through all the procedures and tools that you will be dealing with. In other words, there are plenty of tutorials and instructional videos.
Pros
- Professional budgeting tools
- Goal tracking
- Great support and instructions
Cons
- Learning curve tends to be high
- A bit costly
2. Mint
💳 Price: Free (live subscription with 24.99 $)
With nearly 25 million users, Mint undoubtedly makes it to the top three of every budget tracking list. It is very popular, user-friendly, and above all, free! This is particularly a perfect app for those who find financing a bit intimidating.
Take full control of your expenses, check out your transactions, set goals and fall into healthy spending habits.
Mint offers its users a general financial picture by bringing together credit card transactions, bank account balances, expenditure, and all the rest.
In addition, Mint is totally customizable, it includes reminder options as well as some worthwhile tips.
Pros
- Intuitive and easy to use
- Tips and hints are included
- Best free finance app
- Safe and trustworthy with multiple layers of security
- In synch with TransUnion credit card scores
Cons
- Contains ads
3. Personal Capital
💳 Price: Free
This gainful application is where you can bring together all of your bank account and get a hold of all your income and expenses’ affairs. As the name aptly suggests, Personal Capital is a preferred option for those who seek to build a wealth. This app has great features for analyzing, tracking, and setting finance arrangements. It enables you to choose a specific plan such as educational or retirement.
Pros
- Financial plans
- Great investment features
- Free
- Analyzer tools
- Utterly secure
Cons
- No option for setting goals
- No option for manual budget control
4. PocketGuard
💳 Price: Free – PocketGuard Plus: 34.99 $ per year
Are you a shopaholic? Have you been spending too much? PocketGuard is here to help you cut back on the unnecessary costs. Moreover, it presents you with a crystal-clear image of the amount you are allowed to spend on a daily or monthly basis.
But that is not all, PocketGuard also comes with the budgeting tools that other software programs possess: reminders for bills and credit card payments, setting goals, managing your transactions, finance tracker, and so on. PocketGuard’s clever algorithm gives you a hand in taking personal charge of everything you do with your money.
Pros
- Amazing free features
- Intelligent algorithm
- Secure
- User-friendly
Cons
- None
5. Quicken
💳 Prices: Free (in-app purchases)
Quicken has been around for 3 decades and is the past master of our list of top finance ios apps by TopWonk. The Quicken mobile companion app has made financing a piece of cake. With years of experience and meticulous attention to the needs and demands of their clients and users, Quicken has been able to keep the edge over the rival software programs and websites.
This application makes it possible for users to have total control of everything associated with their money. manage your transactions, set financial plans including retirement or business plans, and get comprehensive reports and analyses of your payments, income, and expenditure.
There are also options for creating detailed investment portfolios and setting goals as well as payment reminders.
Pros
- 60-day refund policy
- Customizable and detailed tags, categories and plans
- Sync accounts and investments
- Several layers of security
- Great support and customer service
Cons
- Beginners might find the large number of features intimidating
6. Simplifi by Quicken
💳 Price: 3.99 $ per month (30 days free trial)
Simplifi is basically the fruit of the deep-rooted app Quicken (mentioned and detailed above). Similar to Quicken, it is packed with worthwhile features and practical tools. The only difference is that it is programmed as a smart and easy-to-use app for everyone. In other words, it has a high level of automation and has become more intuitive. Quicken has announced that in terms of financial management and security, never does Simplifi fall short of what users get from Quicken.
Control your money, have real time overview of your financial flow, track your costs, bills, installments, etc. As a matter of fact, it does not matter what your financial goal is; be it retirement or purchasing a property, Simplifi is an effortless and friendly gadget that helps you out in achieving your dream. You can get fully personalized and rewarding schemes and categories.
Pros
- 30-day trial
- Cash flow management
- Lists, tags, and plans
- Watchlist to control the expenditure
- User-friendly and straightforward
- Auto-generated plans
Cons
- A bit costly
7. Prism
💳 Price: Free
One app to check and do everything you need! Prism shows all of your accounts and you will not have to log in to different sites or use different apps. This is one of the most amazing and of course popular apps for billers with tens of thousands of users. Prism tracks your monetary transactions and in particular your bills. it will remind you when your bills are due and then you can settle them via the app’s direct payment methods in just a blink of an eye.
Pros
- Location-based list of financial institutions and banks
- Reminders and alerts
- Free of charge
- Top choice for bill tracking
- Safe and simple
Cons
- No option for autopay
- No phone support for clients
8. Spendee
💳 Price: Free (with a lifetime premium version for 44.99 $)
Spendee is the next amazing budgeting app on our list. It gives you goal setting tools and makes you stand by it. It also tracks your transactions and lets you know what’s what with your money. Synchronize this app with your accounts and e-wallets and organize your doings and expenses.
One of the most fabulous features that this app possesses is its shared finance tool. It is basically a great option that tells you and your partner the exact amount or share you have to pay. Most people who live with a flat mate or go shares on regular expenses run into problems when it comes to dividing the costs. Spendee sets you from the calculation and even miscalculations! As you have rightly guessed, it could be also an incredible way for some families to manage their household expenditure. And the good news is that you will have separate categories for your personal and shared expenses.
Pros
- Both individual and shared finance plans
- Different currencies are supported
- Secure
- Labels and categories
- Analytical insights
- Intuitive and a really apt options for starters
Cons
- None
In a Nutshell
Let’s get straight to the point. Despite their obvious similarities in terms of tools and features, each app offers its unique method to finance tracking and management. For those who have problems with paying bills, Prism makes an ideal app. If you wish to accumulate your wealth by a logical and clear plan, Personal Capital would be best. When all is said and done, however, Mint, YNAB and Quicken are the personal finance apps with the most comprehensive and wide-ranging options and preferences, as well as supportive customer service.
As a final point, we should say that almost all these finance management tools are also linked to their website version. Some of them have even apps for desktop computers. In other words, you can have access to your profiles and portfolios across all of your devices.
FAQs
What is a personal finance app?
Managing finances is Greek to many people. Calculating and crunching numbers is not a piece of cake. This is where a personal finance app comes in handy. Download this app and import your account and income information automatically or manually. After a few steps personalizing the preferences, the app does the rest. You can track and modify your expenses, investments, debts, and all your monetary affairs. It also reminds you to pay your bills. What’s more, these apps take your hand and guide you through a journey of saving money and spending your money more wisely.
What are the most important features in a finance management app?
This is what you should be looking for in almost every finance app: a well-defined representation of all that is happening with your account, plus past transactions and feature prospects and events. A financing app not only imports your income data, but also monitors your outgoings. In the midst of these transactions, you will also be able to save money, pay your bills, curb daily or weekly expenditures, transfer money to others or among your own different accounts.
Which one is better? Mint or YNAB?
Mint has been around for a long while now and has stood the test of time. Not only is it free of charge, but also it provides you with astonishing budgeting features. Those who have used YNAB and Mint, however, claim that despite its learning curve, YNAB offers a much smarter and neater scheme. When it comes to managing your expenses and actually saving money, YNAB might be a many people’s preferred option.
Are budgeting apps free?
As you can see in the list, there are a wide variety of apps that offer amazing cost-free features. for more sophisticated plans or having the optimum user experience, almost of them offer paid plans as well; starting from ~4 $ per months.
