We live in a technology-driven world where there is an app for just everything you can think of whether it’s ordering veggies and groceries or banking. So if you manage most of the essential daily chores through apps, you should consider some apps for managing your finances as well.
There are a plethora of apps to help you not just save and manage money but in fact, push you to stick to a budget and handle investment in a better way. However, not every app is as efficient as you might expect, so we have shortlisted some of the best apps to help you manage your finances:
Mint is considered as one of the best apps to create a budget, track expenses, and manage finances smartly. You can connect all your credit/debit cards and bank accounts with Mint and even schedule monthly bill payments.
In fact, Mint automatically tracks your expenses, analyses, and categorizes them accordingly. It also alerts you if you are about to cross your budget limit. The intuitive charts and graphs and user-friendly interface keeps the app simple and makes it one of the most used apps for freelancers worldwide.
2. Level money
Level money or often called as the mobile money meter is another one of the best apps for freelancers. The moment you connect your bank accounts with this app, it automatically calculates both your freelance income and the recurring bills.
After calculating, it suggests how you should tackle not just your monthly, but in fact, daily, and weekly expenses too. You can also schedule an auto-save money, where the app would transfer the unspent amount from the budget to your savings account.
Another popular app for budgeting and managing finances is Goodbudget. The app works on the method of envelope budgeting where you can make envelopes for the various budgeting categories like transportation, grocery, and shopping. And once you’ve created the envelopes, you can easily record and track your expenses for each one of them.
You might not find Goodbudget a very sophisticated app like others, but it is still the best app especially for the freelancers to help them stick to a set budget and keep their expenses disciplined. It is definitely a good app when it comes to money management for freelancers.
Wally is primarily an expense tracking app which puts forth the complete picture of your spendings. The best feature of Wally is that you just have to take a picture of purchase receipts, and the app will automatically categorize the particular expenditure. Hence, you no longer have to enter the details of every purchase in the app manually every day.
Moreover, you can set up savings goals with the app, which, in turn, is a significant feature when it comes to money management for freelancers. Wally is an incredibly user-friendly app and a preferred budgeting app by many.
5. Financial Calculators
Financial Calculators, in fact, is a vital app when you are looking to set a budget for your future or place your freelance income for your plans separately. As the name says, the app is basically a set of calculators that help you manage and streamline your income. For instance, with the help of the loan calculator in the app, you can easily figure out what the payments and interests on the loan would be.
In other words, Financial Calculators give you a number of options for calculating just everything from loan to currency conversion to interest to return-on-investment and to even retirement planning.
Hopefully, with the help of the above-mentioned apps, you would be able to manage your finances in a much better and organized way.