10 Financial Planning Apps to Manage Money Effortlessly!
Updated on November 29, 20185 mins read
Setting up a budget, optimizing it and then sticking to the plan can be the most daunting of tasks. Though its always best to be at the top of financial planning and keeping a check of your expenses personally, there are several user friendly apps which can make this job a lot easier.
Here’s a list of 10 simple apps which can help financial planning and manage them effortlessly:
1. Money Lover-Money Manager
Money Lover makes managing your personal finances on a daily basis much easier. It includes features to add daily transactions, specify budgets across categories like travel, entertainment and food. It also gives alerts for debts you need to pay or sounds a warning that you are nearing an end to your budget. You can add financial details like your salary and enter every expense to give you reports on how much money you have saved and can afford to spend at the end of the month. Available onAndroid,iOS and Windows
2. Toshl Finance Budget & Expense
One of the best rated personal finance online, Toshl is simple to use and organises your expenses in a streamlined manner. The app helps you keep a track of all your expenses, find out where your money is going, set up budgets that you don’t overshoot them and also remind you about outstanding payments. You can segregate budgets across days, weeks, months and one full year and set up repeating expenses and bills to organize your finances. Available onAndroid, iOS
3. Pocket Expense
This well-rated app tracks all your bills and expenses, helping you to never get fined for late payment again. You can also use this app to set up balance limit reminders for your bank account so that it sets off an alert when you are nearing it. The app is extremely user-friendly, displaying all bills, transactions and expenses in one central display. You can also prepare budgets for different time periods and mark them as recurring or non-recurring ones. Available on Android, iOS
4. Money-Wise Expense Tracker
Keep track of your everyday expenses and take control of your personal finance.Using MoneyWise electronic checkbook you can easily keep track of your everyday expenses and keep an eye on your cash flow. No more overdrafts! With this powerful yet simple to use application you can filter and browse expenses by date, category or account. View graphs and see if you are keeping your budget targets. MoneyWise was named “The Best Budget-Tracking App For Android” by LifeHacker, 2012. Available on Android
5. Financisto – Expense Manager
Keep transactions easy via shortcuts, with the Financisto ‘New Transaction’ widget. A tap from your homescreen will show you a table for you to fill in with details of your current transaction. There is also a shortcut called ‘New Transfer’, which lets you transfer your money from one account to another, very convenient for accounting purposes. Another feature worth mentioning is a tab in the app called ‘Blotter’ which records your every transactions (and even your accounts) under a single page. You get a list of registry with icons indicating where your money is flowing to better keep track of your cash flow. Available on Android
6. AndroMoney Expense Track Money
If you prefer to keep track of your money on your Android devices and laptop (or PC), try AndroMoney. Through AndroMoney, you can export your data to a CSV file to be accessed on Microsoft Excel or Google Drive in just a few taps. Especially with the Google Docs feature, you can immediately audit your account on any Web browser once you get into your Google Doc. This feature is definitely useful to people who want complete control of their accounts any time. Available on Android
7. CWMoney Expense Track
Use speech recognition to dictate text, all within a simple page for Expenses, Income, Data Manager and Report. You can just as easily save your transaction and proceed to record another without having to open the page again. The inbuilt speech recognition is also perfect for people who are often in a hurry of putting together a record with remarks. Available on Android, iOS
8. Expense Manager
Expenses Manager is a free personal finance manager. It can generate accurate reports as well as analyze your expenses and income for specified time periods to identify potential savings. All you have to do is enter each and every expense into this app and then monitor the reports. this will give you a clear idea of how to curb your expenses. Available on Android
9. My Tax India
This free app makes income tax calculation easy and can suggest how much more investment is needed to save tax on your income! It also lets you export your details and create multiple user entries. with this app you can avoid the last minute chaos and calculate your tax simply by entering your salary and vital investment figures. Available on: Android, iOS
10. My Funds Lite- Mutual Fund Portfolio Tracker
Through this app you can track your Indian mutual fund investments with the touch of a button. All you have to do is select your fund and scheme, enter the number of units purchased and the NAV at the time of purchase. Then you can open the app everyday to see how well you are doing. Available on iOS
Personal finance apps can make managing money a breeze. But before you download these or any other financial planning apps, do consider the following situations and how you can tackle them:
Can apps substitute your financial planning completely?
Although most of these apps allow you to track and plan expenses, they may not be the answer to all your unique financial situations. Most apps are designed for the masses and should not replace a thorough offline look at your financial situation and goals. So while you make liberal use of these, don’t forget to review your situation manually.
How can you avoid fake apps?
As mobile technology gets smarter, so do the criminals. There is a range of fake apps on the market, so do confirm the validity of all apps before downloading. Look for app reviews, ratings, spelling errors in description (its a major red flag) and never click on pop-up ads in an app, there are high chances that they may have spy malware.
How can you protect information in case your phone gets stolen?
The more personal information you carry on your phone, the more risk you are it in case it gets lost or stolen. So before you turn your phone into a money management device, make sure you have a reliable security and anti-spy software, your device is password protected and has a remote wipe capability. This will help ensure safety of all your personal information. Taking extra precautions while downloading personal finance apps is important as using them involves divulging sensitive information about your finances. So keep alert and download these for a simplified and amazing money management experience!
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