Our favorite appsDec 15, 2016
The first step in building a solid financial future is not always to make more money but to manage the money you have properly. There are hundreds of apps available, some are free, others well, you may need to budget for their purchases. We took a look at the free apps, which some you can pay for the full version but we focused on what wouldn't cost anything to use. These are our favorite ones for budgeting, investing, tracking reciepts, and a few other brilliant ones to help save you money.
Mint lets you connect all of your accounts in one place to track and categorize your spending, pay bills, check your balances and double-check your budget before you buy. You can also set up reminders for upcoming payments and receive low account balance notifications. Mint is one of the best budget apps because it takes the hassle out of making a budget. You connect the Mint app to your bank and the app can use your details to help create a personalized budget. It automatically tracks your spending, categorizes it, and alerts you when/if you approach your budget limit.
Mint takes you out of the budgeting equation, and literally does it all for you. And although you can create a budget in the app, we’ve found that expenses oftentimes get miscategorized. So while we don’t use Mint as a budgeting app, we love using it as a general overview of where our money stands. We also use it to keep track of our net worth at the end of the month since it tracks the balances of our various accounts. This is an app everyone should own. Everything is shown in simple, intuitive graphs and charts, making it one of the most popular personal finance apps in the world.
Wally is an expense tracking and budgeting app that shows a complete picture of your expenditures. It helps you compare your income to your expenses, understand where your money goes, and set and achieve goals.
The best part about the app is that it allows you to simply scan your receipts and it’ll automatically input all the details of your purchase. That way, users don’t have to go through the hassle of typing in every detail of its spending, while the app saves all the receipts.
Keeping track of receipts is a pain. Some you lose. Others end up in a tangled ball in your suitcase or glove compartment. Eventually, you’re forced to sift through the mess to formulate a coherent expense report.
The app can save you time, keep you better organized and eliminate the tedious task that is old-fashioned expense reporting. Expensify is a mobile application that aims to make expense reporting easy. With the app, you can snap pictures of receipts, track spending, and create and submit expense reports – all from your iPhone, iPad, or Android device. Expensify features SmartScan technology that automatically reads receipts. Simply take a picture of the receipt, select the report you want the expense to go on, and voila. Expensify also allows you to enter specific travel expense info, like hourly rate, length of time worked and distance traveled (it now allows you to track in KM!) With the app, you can email reports or convert them to PDFs and save them. The app is integrated with Excel, Evernote, Dropbox, Salesforce, Quickbooks and similar programs.
Like a lot of other things made by Apple, the Stocks app is deceptively simple. It’s easy to add and subtract stocks from your watch list, and getting more info on a company is as simple as clicking on the name of the company to bring up a whole new screen with charts, headlines, and basic financial information. For the simple stuff, the Stocks app is really good.
Finding Best Deals
The app combines all of the flyers in your area and allows you to search for items on sale. You can clip flyer items with a single tap and create an in-app shopping list to help plan your weekly shop and stay organized. If you are looking for a specific item, enter it (such as cheddar cheese or diapers) and Flipp quickly scans the local flyers and puts the best deals in front of you to review. You can take all these deals and simply create your own shopping list. This is also the only shopping app to offer coupon match-ups, which combine flyer deals with brand coupons for even more savings.
If you’re tired of carrying all those loyalty and rewards cards everywhere you go, Stocard, consolidates them into a single app. Just scan your loyalty card with your smartphone’s camera; the app creates a digital version of your card on your phone. Once you visit your favourite store, load up your card and have the cashier scan your iPhone’s screen.
With the cost of gas rising to astronomical highs across the country, finding the station closest to you with the lowest price per litre is a major bonus. GasBuddy does just that. It relies on users to confirm and update prices at stations so that the most current price per litre is listed. The app uses the built-in GPS on your phone to locate stations near you or you can search a specific area anywhere in North America (so if you’re driving somewhere further away and want to see if it’s worth it to wait to fill up, you can check before heading out).
Have a suggestion for an app that we didn't mention? Send us your thoughts at firstname.lastname@example.org
Savanti is your no-nonsense, get it done, always got your back, tell it to you straight, make you laugh, and there if you need to cry - financial partner.