6 Must-Have Financial Apps for Your Phone

Due to the widespread adoption of smartphones and the wide array of mobile apps, there is a broad selection of financial apps which is very natural. In fact, you will be rather surprised to know that Apple iTunes and Google Play stores endorse around 240 and 670 financial apps respectively, thereby offering you plenty of options when you choose a tool for some monetary purpose. Although it is great when you have plethora of choices but it is also confusing at the same time to select the best financial app from the list of apps that you see in the online stores.

Managing personal finances is itself a stressful job but if you find it tough by yourself, you can seek help of technical intelligence. Thanks to the advancement of technology, that you now have numerous financial apps which you can download and install in your smartphone in order to help it manage your money. Whether you want an app to track down your expenses or set reminders for future bill payments or help you with a budget, you have it all. There are large numbers of apps which are all designed to cater to the needs of the smartphone users who are all not pretty good at managing finances. Check out the list of the must-have financial apps for your smartphone.

1. Flipp for Android and iOS: Wishabi, based in Toronto launched the app Flipp over a year ago and by now there are already 1 million who use this particular app every week. This app combines all the flyers around your area and gives you to look for items that have rebates and which are on sale. People usually love flyers as the information mentioned there help them save money and watch out for the items which they need throughout a week. As there are lots of flyers, it is not possible for an individual to remember all the offers and hence this app can simplify your task and make life easier.
2. Wally for iOS: This is an extremely user-friendly app which gives you the permission to feed in your expenses and then organize them into different categories. The app also uses GPS to track where exactly you have spent your dollars. The InstaScan feature of the app captures the details from the receipt's photo and adds it to your budget. This is a perfect app for people who have just started off with their budget and are not being able to manage their grocery bills.
3. Mint for iPhone and Android: Mint is perhaps the most widely used financial app because it gives you real-time and a complete look at your finances, credit cards, bank accounts, 401(k)s and student loans. Mint will automatically keep a tab on your finances, categorize your spending and also send you alerts whenever you're about to cross your budget limit. You may even ask for savings tips from the app and go through charts and graphs thereby making it the best financial app in the world.
4. Acorn for Android and iPhone: What do you do with your spare changes that you get from the market? Install an app which is called Acorn as it helps you in investing your spare change in low-cost ETFs. Once you connect your credit card and checking accounts to it, it automatically rounds up every single purchase and then invests the different in any financial vehicle according to your choice. You can dictate the choice of fund amounts which you wish to invest and only then the app will work for you.
5. Level Money for iPhone and Android: This app calls itself the mobile money meter and the moment you connect this app to your bank account, the instantly computes your recurring bills, income and then gives you suggestion on daily and weekly spending limits. It even comes up with the amount which you need to save every month and takes it off from your monthly budget. You are even allowed to set an auto-save amount so that the cash that is left unspent is rolled over to your savings account.
6. Goalkeeper for Android: Did you know that Standard Life released this specific app to track your savings and help you reach a savings goal. If you're someone who wishes to promote healthy savings habits, you need to seek help of technical gadgets. You can input multiple savings targets and this app constantly watches your progress and offers tips based on your financial habits.

Financial apps for your smartphone is indeed a very important thing you should learn of and if you still can't decide which to opt for, you may do an extensive online research to know the pros and cons of each kind of financial app.