In an era of globalisation, people engage in international investments and transactions. It often becomes a challenging task to manage and segregate your personal and business expenses. Thankfully, the solution exists right in your smartphone. The Apple App Store has several money management apps that suit people ranging from students to businessmen. Here are the best apps that you can download to manage your finances and stay sorted, money-wise.
1) Splitwise
Splitwise is popular among school and college-going people as they frequently feel the need to share expenses with friends. This app also helps you to organize and manage group bills for households and trips so that that money never puts stress on your relationships. With a simple user-interface, you can create groups, add expenses, and informal debts in multiple currencies. The expenses you fill are automatically backed up allowing everyone in the group to log in and view balances. The app keeps a track of who will pay the next expenditure.
Features you get:
- Comment directly on expenses
- Export to CSV
- Expense categorization
- Calculate group totals
2) Moneycontrol – Markets & News
Moneycontrol is a finance management app that helps you know about the latest updates on Indian and international financial markets. The app covers a variety of assets including those from BSE, NSE, and NCDEX exchanges. You can also get feed about Sensex, Nifty, Stocks, Futures, Mutual Funds, and Exchanges. Moneycontrol comes with features like Portfolio and Watchlist and detailed analysis of financial markets on CNBC AWAAZ, CNBC BAJAR, and CNBC PRIME HD.
Features you get:
- ‘Text to Speech’ feature for new
- Regular updates on your portfolio’s performance
- Latest prices of Sensex, NIFTY, and India VIX
- Monitor your portfolio on Stocks, Mutual Funds, ULIPs, and Bullion
3) YNAB (You Need A Budget)
You Need a Budget, commonly called YNAB, is a finance management app based on the concept of zero-based budgeting. The app enables you to connect your bank accounts, fix expenditure goals, and enhance savings. Students who produce proof of their enrollment can avail of the app for 12 months free of cost. You can use the app for free for 30 days followed by an annual subscription plan. Your payment will be charged to your iTunes account at confirmation of subscription.
Features you get:
- Bank syncing to connect all your accounts.
- Real-time access to all your data.
- Tips and tools to help you get out of debt.
- Detailed visual trends of your spending
4) Goodbudget Budget Planner
Goodbudget is an app developed on the concept of the envelope system. here, you can save a part of your monthly income for specific expenditures. You can use more than one device to access your account making it ideal for couples and families that want to have budget-sharing. However, Goodbudget doesn’t come with a feature to automatically sync your bank accounts. You need to do that manually from your bank’s website. The free version of the app allows one account on two devices. The premium version that costs $7 per month or $60 annually provides you unlimited envelopes and accounts.
Features you get:
- Download transactions to CSV
- Income versus spending report
- Pay off debt and manage payments
- Automatic data backup
5) Honeydue: Couples Finance
Honeydue is a joint banking app designed for couples based on the modern concept of digital baking. This app allows both of you to have your account number and debit card and get a better picture of each other’s finances and investments. To ensure that the partners are on the same page, Honeydue comes with a tracking feature. Of course, the app offers the flexibility to decide how much information you want to share with your partner. You can set up custom categories and fix monthly limits on these categories. Honeydue automatically sends you a notification when you or your partner is approaching the financial limit. You also get reminders regarding forthcoming bills.
Features you get:
- Send thumbs up and emojis
- Automatic categorization of all your spending
- Multi-factor authentication.
- Free to use
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