Many people fail to manage their finances properly, and often find themselves out of funds by the end of the month. Again, having a good salary isn’t the only metric you should use to judge your financial success; there are many other factors you will need to consider as well. Knowing how to manage your finances and make them last throughout the month is an important skill you need to master, especially if you don’t want to go running off asking for loans by the end of the month.

Previously, managing finances used to be quite difficult. People had to maintain journals and write everything down in terms of where they were spending their money, as well as the income they were generating. Thanks to the advancements in modern technology nowadays, you don’t have to worry about maintaining a personal finance journal anymore, or stapling receipts on different pages. Instead, you can use a number of mobile apps in order to help you manage your personal finances in a better way. Even if you are interested in taking out a loan, there are apps that can calculate your borrowing and interest rates like at Buddy Loans. Now, let’s talk about some of the best mobile apps you can use in order to manage your personal finances in a better way.


Arguably the best app in the market right now, Mint gives you complete control over your finances. It allows you to link your bank account to the application, and is also extremely secure. Mint was created by the same company that launched Quickbooks, so you can expect a high degree of finesse. It helps you manage your credit card accounts, current accounts, and evaluate your savings as well. Mint will remind you when you have to pay bills, as well as the maximum amounts you can pay. It continually tracks your spending and also gives you random tips on how to maximize your savings.

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You Need a Budget

You Need a Budget, commonly abbreviated as YNAB, is another fantastic application you can use in order to manage your finances in the best possible way. There’s a mobile application as well as a desktop client, so if you want an in-depth look into your finances, you might want to download both. It’s updated over the cloud, so you don’t have to worry about syncing it up either.

YNAB gives you a complete view of your finances, such as letting you represent them in a pie chart or a bar graph. Basically, YNAB focuses on maximizing savings. It coaxes users to put every single dollar from their accounts to work. It won’t let you create a budget if you don’t have money in your account, and also sends you reminders in case you go off track with your spending. It uses a subscription model, so you will need to pay a monthly fee in order to use such services.


A big issue for many people is that they often spend money without thinking twice. You need to have an application that you can use in order to track your expenses. It’s a personal expense tracking app you can use to log in your receipts by taking a photo, mitigating the need to manually add in all of your expenditure. It also supports geo-tagging, so you will know where each receipt was taken. The clean and streamlined interface of the application makes it an extremely popular choice amongst users, and due to the fact that it’s completely free, it’s currently being used by millions of users all over the globe.

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Want to save money without having to create complex charts and pore over your finances like a true economist? You should download Acorns onto your mobile phone. Acorns invests your money for you in different commodities by rounding up your expenditure to the nearest expenditure, so you will be building up a sizeable portfolio without feeling much of a dent in your finances. This is arguably one of the best apps available for saving money right now! So, what are you waiting for? Download these apps and take control of your finances today!


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