With so many different money-related apps out there, it can be difficult to choose one that’s right for you. If you’re looking for convenient and effective digital tools to help you manage your finances, here are some tips and specific options to consider.
What to Look for in a Mobile Finance App
The right mobile finance app will help you effectively manage your finances, but there are some other important considerations as well, including:
Financial Apps to Consider:
- Cost: Some apps are free, while others require a one-time payment or a subscription.
- Privacy: Look for apps that don’t share/sell your data, and that will keep your information secure.
- Functionality: Look for apps that are user-friendly and that will fit your exact financial needs. Read reviews or try out a demo if possible.
Mint is a nearly comprehensive finance app offered by Intuit that helps with everything from tracking bills to managing a budget. It also allows you to access your credit score for free and see what factors are negatively or positively impacting it. With Mint you can also pay bills and keep track of all of your bank accounts, including your Bank5 Connect accounts!
YNAB – short for “You Need a Budget” – is perhaps the most comprehensive budgeting-specific app available. From allowing you to manage expenses, to helping you pay down debt, this app is a great tool for gaining control over your finances. It even allows you to input specific savings goals. A free trial of YNAB is available, but once it expires you'll have to pay an annual fee in order to keep using it.
With the Personal Capital app you can monitor and track your “entire financial life”, including your bank accounts, investments, and everyday expenses. Its full 360 view of your financial picture allows you to view your net worth in real-time. The app can also provide insights into diversification, hidden fees,returns, and diversification opportunities.
Prism is a bill organization app which automatically consolidates your bills in one place. The app integrates with over 11,000 billers, ranging from major banks to small utility providers, and you can manually add bills as well. The oversight Prism provides over your expenses can help you avoid late fees and monitor your cash flow, and you can even make or schedule payments directly through the app.
Bank5 Connect Mobile App:
If you bank with us at Bank5 Connect, don’t forget about our mobile app to help you manage your savings, checking, and CD accounts. Check balances, review transactions, make transfers, deposit checks and pay bills from one easy-to-use app. You can even securely chat or email with our dedicated customer service representatives through the app.
Whether you’re looking to streamline your budgeting, get more savvy with your savings
goals, or easily view all of your account balances in one place – there’s an app out there for you. Just be sure to do a little research first to make sure you’re downloading a trusted app
, and that you don’t end up paying for something you don’t need.