The Top 7 Mobile Finance Apps for 2022

  

Money management isn't the most straightforward task. It can be a little challenging to keep track of expenses and the bank balance since that many of us don't balance a checkbook anymore. You can track your expenditure with the use of personal finance applications that can link to your bank account. These apps can assist you in tracking impending bill payments, identifying the categories in which you spend the most money, keeping track of your credit score, and managing your investment portfolio. Some even let you pay your bills straight through the app.

 

 For managing your overall finances, the best personal finance apps offer a variety of features (email reminders, bill due dates, track subscriptions, shared wallets, etc.). No matter what smartphone you own, you can enjoy all of the apps on our list because they are all compatible with both iOS and Android.

 

 

 The Top 7 Mobile Finance Apps for 2022

 

Mint


Mint
  • Cost: Free
  • Bank Sync: Yes
  • Free Trial: N/A
Why We Chose It

Mint is a full-featured app that lets you keep track of your spending and monitor your credit health for free.

Pros & Cons
Pros
  • Mint is free

  • Simple bill tracking

  • Handy spending categorization

Cons
  • Users may find the ads annoying

Overview
 

Best for Debt Payoff You Need a Budget


You Need a Budget
  • Cost: $98.99 per year or $14.99 per month
  • Bank Sync: Yes
  • Free Trial: Yes
Why We Chose It

If your goal is to pay off your debt, YNAB's helpful reporting and budgeting tools can help you get there.

Pros & Cons
Pros
  • Free trial available

  • Detailed budgeting and spending reports

Cons
  • Relatively high monthly cost

  • Multiple features may overwhelm new users

Overview

You Need a Budget, also known as YNAB, is a personal finance app built around YNAB’s Four Rules. The rules not only help you build a better budget but also help you gain control of your spending:

1. Give every dollar a job
2. Embrace your true expenses
3. Roll with the punches
4. Age your money

Import transactions from your checking account and apply them to each budget category to get an accurate picture of your spending. Keep a balanced budget by adjusting budget categories if you accidentally overspend (or under-budgeted for a certain category). Detailed reports show you how your spending is progressing throughout the month and help you spot where you can improve your spending.

According to YNAB, the average new user saves $600 in the first two months and more than $6,000 in the first year. You can try the app for free for the first 34 days. After that, you’ll pay $98.99 if you choose a yearly plan or $14.99 per month.

Best for Wealth Management Personal Capital


Personal Capital
  • Cost: Budgeting tool is free. Wealth management fee of 0.89% on up to $1,000,000 balance.
  • Bank Sync: Yes
  • Free Trial: No
Why We Chose It

Personal Capital provides a holistic solution to money management, offering both budgeting and investment tools.

Pros & Cons
Pros
  • Has an investment component

  • Access to financial advisors

Cons
  • Wealth management fees are relatively high

  • May be overwhelming if you're looking for a simple budgeting tool

Overview

Personal Capital is a personal finance and wealth management app that allows you to manage your assets and investments along with your everyday spending accounts. While you can connect to your bank account to track spending and create a monthly budget, the app really shines in helping you track and optimize your investments. You can track your portfolio by account, asset class, or individual security.

With built-in intelligence available on the tablet and mobile versions of the app, you can discover opportunities for diversification, risk management, and discover any hidden fees you may be paying. Comparing your own portfolio to major market benchmarks allows you to determine whether you’re on track to meet your investment goals.

Personal Capital also provides registered financial advisors who can provide you with customized advice tailored to your goals.

Best for Bill Payment Prism


Prism
  • Cost: Free
  • Bank Sync: Yes
  • Free Trial: N/A
Why We Chose It

Offering the ability to sync with thousands of billers, Prism takes the headache out of paying bills by allowing you to track all your billing accounts in one place.

Pros & Cons
Pros
  • Handy payment due date reminders

  • Full picture of your accounts in one app

Cons
  • Limited features - bill pay only

Overview

Prism shows all your bills and financial accounts in a single app, giving you a complete picture of your finances. The app touts more than 11,000 billers, including larger banks and even smaller utility companies. Add your bills to the app, and Prism automatically tracks your bills and sends due date reminders to help you prevent late payments.

You can use the app to pay your bills by scheduling payments made the same day or several days in advance. Prism eliminates the need to log into multiple accounts to pay bills.

Best for Shared Expenses Spendee


Spendee
  • Cost: Free, with optional paid upgrade
  • Bank Sync: With Premium plan only
  • Free Trial: Yes
Why We Chose It

With its shared features and tracking tools, Spendee makes it simple to manage your finances as a family or household.

Pros & Cons
Pros
  • Handy spending categorization

  • Easily accessible by family members or roommates

Cons
  • Free plan has limited features

  • Bank account sync only available with Premium plan

Overview

Many other personal finance apps are for individual use. But Spendee allows you to create shared wallets with friends and family that you can use to manage shared expenses for a household budget.

You can import your bank transactions and let the app categorize them to tally how you’re spending money each month. You can also manually add cash expenses for a more accurate picture of where your money goes. And if you’re concerned about going over budget, you can set budgeted amounts for each spending category and track your progress toward the budgeted amount.

Additionally, Spendee’s bill tracker functionality ensures you remember to pay each of your bills and avoid late payment penalties. If you’re going on a trip or another special event, you can create a category specifically for that event to track your spending and keep yourself on budget.

While Spendee offers a free version, it has limited features compared with its paid versions. Those who want to sync the app with their bank account will need to pay for the Premium version, which costs $2.99/month or $22.99/year.

Best for Budgeting EveryDollar


Spendee
  • Cost: As low as $9.99/month
  • Bank Sync: Yes
  • Free Trial: Yes
Why We Chose It

EveryDollar lets you give each dollar you make a purpose, offering a detailed approach to budgeting your money.

Pros & Cons
Pros
  • Intuitive spending tracker helps you stay on budget

  • Access to money management experts

Cons
  • Premium version is more expensive than other apps

Overview

The EveryDollar app uses the zero-based budget method recommended by personal finance expert Dave Ramsey. The zero-based budget gives every dollar a purpose in the budget, hence the app’s name EveryDollar.

A built-in monthly expense tracker allows you to connect to your bank to import transactions to keep up with your spending. The tracker shows you the amount you’ve spent so far for the month and the amount you have left to spend.

Through the EveryDollar app, you’ll be able to connect with money management experts who can help you with your financial planning. You can also access your budget through the app or desktop computer.

All new users receive a free trial of the Premium version of the app, which costs just $9.99/month if you pay for a full year. You can permanently upgrade through the app menu.

Best Visuals Mobills


Mobills
  • Cost: Free, with optional paid upgrades
  • Bank Sync: Yes
  • Free Trial: No
Why We Chose It

Those who are visually-oriented will likely benefit from Mobills' interactive budgeting charts, which allow you to see your spending at a glance.

Pros & Cons
Pros
  • Handy spending categorization

  • Helpful visuals

Cons
  • Free version has limited features

Overview

Mobills organizes your expenses in categories so yo

 

Questions and Answers

A Personal Finance App: What Is It?


An app for managing all facets of your personal finances that you may download on your smartphone or tablet is called a personal finance app. These applications can assist with budgeting, saving, and investing. They can also monitor your bill payments and keep you informed of changes to your credit score. To see where the money from your bank account is being spent, you can connect personal finance applications to your financial institution.

It's simple to manage your accounts even on the go with a personal finance app. Typical features of a personal finance app include a shared wallet, bill reminders, automatic bill payment, and even subscription management.

 What Is the Price of a Personal Finance App?


Personal finance applications typically have both a free and a paid edition. Ads and less functionality than the premium version are possible in the free version. Personal finance applications' paid editions range in price but cost only approximately $25 per year on average. Other apps only provide a single, cost-free edition. Therefore, if you need additional assistance managing your finances, a personal finance app may be a convenient and affordable solution.
 

What Personal Finance Apps Are the Best?


Your own needs and tastes will determine which personal financial app is ideal for you. Personal Capital may be useful for individuals seeking an app with an investment component, whilst Mint may be useful for those seeking a free software with extensive budgeting options. You should take your financial demands and goals into account when selecting the best software. 
 

How We Selected the Best Apps for Personal Finance


We looked at a number of available options and took into account the elements we felt were most crucial to consumers when selecting the top personal finance apps. We didn't review every app that was available. Based on their features, monthly cost, availability of payment reminders, and other factors, our top seven options were selected. 

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