If you’ve been around since the beginning, you might know that when I started this blog, my finances weren’t in good shape. Like at all!
At the time, I wasn’t sure how I was going to fix them.
I was living paycheck to paycheck and I was constantly stressed about what would happen if I had any unexpected expenses come up.
Fortunately, I’ve made a lot of progress since then. I’ve learned how to budget, save money, and live a more frugal (mostly) lifestyle. My debt is under control and I have a little cushion in case of emergencies.
If you are struggling financially, like I was a few years ago, perhaps you want to make changes, too. But getting started can seem so overwhelming.
Luckily, there are tons of options you can use to get your finances in order. Technology has made it easier than ever for you to keep track of your money without spending HOURS logging expenses or making a pen and paper budget.
Below are some of the best budgeting apps and personal finance tools to help you get started with budgeting and getting your finances in order.
Best Budgeting Apps
As I said, when you don’t know how to budget, getting started can seem overwhelming. Luckily there are some pretty cool budgeting apps designed just for that purpose.
1. Personal Capital
One app to check out is Personal Capital. Personal Capital is completely free, which is nice because you can try it out with no strings attached. You can track your finances right from your phone, which makes it easy if you’re constantly on the go.
But, Personal Capital isn’t just a budgeting app. You can also get the assistance of financial advisors without spending an arm and a leg.
Personal Capital offers comprehensive support on all of your accounts from checking and savings, to investments, loans, and credit cards. Furthermore, savings and investment strategies are customized just for your needs and individual situation.
Do you need advice about making changes in your 401K? They can help you with that, too.
Managing your money can be easy with the Mint app. Services they offer include budgeting, tracking and paying your bills, account alerts, investment tracking, and more.
You can better understand what you owe and where your money is being spent by using the services of Mint. Setting alerts and scheduling your payments can help you eliminate wasting money on late payment fees.
What’s more, you don’t have to log into multiple sites. Plus, Mint may even be able to help you find new ways to save money.
Getting started is free and they update your information almost instantly after you make purchases. That way you always know how much money you have on hand.
3. You Need a Budget
You Need a Budget, or YNAB, is another budgeting app that could help you improve your money situation. With YNAB you can sync your account with your bank, monitor your money on the go, track goals, and more.
Keeping track of all of your accounts in one place is a great feature of YNAB. Another is having up to date information at any moment from any location. If you have a partner, this can enable both of you to watch over your money without overspending.
YNAB makes the steps toward financial success easy.
Penny is a free budgeting app that helps you spend and save in a better way. You can prevent overdrafts by seeing the status of your money in real time since it syncs to your accounts.
Transactions are categorized for easy budgeting and the app can even help you cancel services you don’t use. However, you are the one who is always in control of your money.
Best Personal Finance Tools
You may need to look beyond just setting up a budget in order to get your life and finances on track. These personal finance tools can help you do just that.
One personal finance tool that can help you with several aspects of your finances is Cinch. In addition to watching your spending flow, they also offer other services, such as managing your debt and credit, banking, insurance, and more.
They encourage you to have money set aside for emergencies, demonstrating that they have your best interests in mind. Cinch also has many advantages to offer that can save you money including a free trial period to get you started.
Fees to continue with Cinch are low, at $4.99 per month, making it an affordable option when your budget is tight. In addition, signing up is fast so you can quickly be on your way to achieving your financial goals.
Related Post: Cinch Financial: Truly Unbiased Money Advice
Trim Financial Manager is another personal finance tool designed to reduce your spending. They can benefit you by negotiating your bills and canceling subscriptions you no longer use. Plus, it doesn’t cost you anything out of your pocket to use Trim.
The only time they get paid is if they are successful in helping you save money. When that happens, they take a small percentage of the savings.
In the future, Trim has plans to add more options giving even greater support to their customers and ensuring their overall financial health.
Another tool that can make your personal finances better is EvoShare. It works by giving you cash back on purchases you make every day, positively impacting your financial goals.
But unlike most cash back companies, the cash doesn’t go back to you to be spent. Instead, your cash back through EvoShare goes directly toward debt or retirement accounts.
For example, you could link the cash back to go toward paying off your student loans. Once the loan is paid in full, the money could then be placed in a retirement account instead.
You can pay your debt off quicker using Qoins. It’s actually very simple and the fees are low at only $1.99 per month.
Here’s how it works: Each time you make a purchase, the transaction is rounded up to the nearest dollar. The excess money is then used to pay off debt through an automatic payment.
Although you won’t be making huge payments toward your debt through Qoins, every little bit helps.
You can improve your economic situation and get into better financial shape. These budgeting apps and personal finance tools can help you get there.
Have you ever used a budgeting app to help you with your money? Which of these have you used?