The best apps to get your financial act together

Still looking for the ideal financial management tool? In fact, your phone can be easily handled! From making monthly budgets to canceling duplicate subscriptions, various applications can help you control your personal finances.

The following recommended applications cover comprehensive financial management tools and professional budgeting tools. Please select the right application according to your needs. Additionally, your bank may also offer its own mobile apps (or multiple) that may have more features.

1. Spendee

Spendee meticulously Tracks the funds in and out of your bank account to give you a clear understanding of income and expenditure. It directly connects your bank account and classifies all account activities, including the cash you withdraw and use.

This tracking feature allows the app to provide you with a comprehensive overview of financial activities. You can view the categories that spend the most and how you are doing on the specified budget. Spendee even makes some beautiful charts and visualizations to better show how you use your funds.

In addition, you can receive bill payment reminders, share digital "wallets" with friends and family to track budgets simultaneously, and even use multiple currencies.

You can get the basic version of this app for free on your phone or web browser. But to access some of Spendee’s best features—including managing multiple professional budgets and automatically synchronizing bank transactions—you need a Plus or Premium account, which costs $2 or $3 per month, respectively.

Spendee, for Android and iOS, free, premium plan $2-3 per month

2. Clarity Money

Similar to Spendee, Clarity Money connects your regular bank account and analyzes in and out funds. While it doesn't offer the same comprehensive budget planning and tracking capabilities, this app does make some smart suggestions for saving money.

For example, Clarity Money can highlight duplicate deductions for subscriptions you no longer use and recommend you cancel them. It can also mine discount information to help you save on phone bills and other expenses. Additionally, the app can help you stick to a certain level of spending or savings. Finally, it allows you to create a Clarity Money savings account within the application itself.

In general, the application is intuitive and easy to use, with a beautiful user interface. Automatic financial management can really save you some money. Better yet, the app is free, but you should be prepared because you might recommend a credit card or two: Clarity Money’s developers earn income through recommendation fees for a variety of financial products.

Clarity Money, available for Android and iOS systems, free

3. Penny

Penny uses the power of artificial intelligence to manage your finances. While it monitors your bank account activity like other apps we've discussed, it allows you to chat with bots for this information instead of browsing charts and menus.

The Penny bot sends you notifications about your spending and income, a monthly summary of your bills, and a breakdown of spending by category. To set a target or do anything else in the application, send your request to Penny via instant messaging.

Depending on your feelings about the chatbot method, you may like or hate this app. However, if you like talking to a robot bank manager, Penny is a great choice. You can try the basic version for free, but to access advanced features such as other spending categories and real-time balance updates, you will be paid $5 per month.

Penny, for Android and iOS, free, premium plan $5 per month

4. You Need A Budget

You Need A Budget (YNAB) focuses on your spending to help you calculate your purchases and achieve your savings goals. Before the month begins, the app lets you set a budget for a variety of categories like clothing and dining out. This will prompt you to use your funds more cautiously, even if you will eventually adjust your budget to the situation.

YNAB’s goal is to help you pay off your debts so that you can start saving and stop living on your wages. But it can come in handy even if you don’t have a substantial savings or debt repayment goal. For example, the app can sync with your bank account to create exact reports about how you spend your money.

YNAB subscription costs $7 per month, but you can try it for 34 days for free. This payment allows you to access the mobile and web versions of the app.

You Need A Budget for Android and iOS systems, $7 per month after a 34-day free trial

5. Mint

Mint is a comprehensive financial assistant on your phone that tracks your banking activity and gives you a clear picture of where the money flows. On top of that, the app regularly checks your credit score, sends bill payment reminders, and offers a wide range of budget options that allow you to set spending goals and check your progress.

Mint's capabilities go beyond some standard financial applications, it also warns you of any abnormal charges on your bank account and provides you with personalized spending advice. And it does all these tasks without requiring you to do much maintenance. Simply check if Mint is compatible with your bank account so you can take advantage of its useful automatic synchronization feature.

Mint offers mobile and web applications and is completely free to use. In exchange, it occasionally recommends you a credit card and savings account, from which it gets a referral fee.

Mint, available for Android and iOS systems, free

6. Wallet

Wallet has the most tools we have seen in any single financial application. Additionally, it offers excellent international support and is compatible with various banks (so you can use its automatic account synchronization feature). It packs all of these services in a colored interface that is easy to access.

Like Spendee and Mint, Wallet is designed to be a one-stop shop for handling your finances. It tracks your spending, plans bill payments, helps you stick to multiple categories of budgets, identify unnecessary duplicate charges, and more. The app strikes a great balance between comprehensiveness and complexity – a great middle ground for users who don’t want to do everything themselves but still want some control over budget and spending reports .

You can use the app for free (mobile and web versions available). However, to access certain features, including wallet sharing and bank synchronization, you will need to pay at least $2 per month.

Wallet, available for Android and iOS, free, premium plan starts at $2 per month

7. Xero

Xero does not provide general accounting, but is committed to helping self-employed and freelancers manage their finances. The app provides everything from invoices to calculating taxes.

With Xero, you can check your account balance, reconcile invoices issued with payments received, and more. Their tools for calculating fees are especially useful: For example, if you receive a refueling receipt, you can use the app to take a photo of it and automatically add it as a fee.

However, all of these features are not cheap. The Xero plan starts at $9 per month for mobile apps and very complex web portals. If you want to try it before you pay, you can explore Xero with a free 30-day trial to see if it’s right for you.

Xero, for Android and iOS systems, over $9 per month

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