Top 4 financial apps to help track and cut unnecessary expenses

SSkylar September 26, 2023 7:07 AM

In today's digital age, managing your finances has never been easier. With a few taps on your smartphone, you can easily track your expenses, create a budget, and even find ways to save money. If you're looking to get a handle on your finances, these top 4 financial apps can help you do just that.

1. Mint

One of the most popular financial apps on the market, Mint, offers an array of features designed to help you track your expenses and manage your money. With Mint, you can link all your accounts (checking, savings, credit cards, loans) in one place, making it easier to see where your money is going. This app also allows you to set up budgets, get bill reminders, and even access your credit score for free.

2. YNAB (You Need A Budget)

If you're someone who needs a more structured approach to budgeting, YNAB might be the app for you. Unlike other apps, YNAB follows a unique money management philosophy: 'Give Every Dollar a Job'. This means you need to assign each dollar you earn to a specific category, whether it's for bills, savings, or even fun money. YNAB claims that on average, users save $600 in the first two months and more than $6,000 in the first year.

3. PocketGuard

PocketGuard is another great app to help you track your expenses and start saving money. This app's main feature is its ability to calculate your 'In My Pocket' balance, which shows how much money you have left for spending after covering all your bills and savings contributions. This can be particularly useful if you're trying to cut back on unnecessary expenses.

4. Personal Capital

Last but certainly not least, Personal Capital is a robust financial app that offers tools for budgeting, investing, and retirement planning. The app provides a comprehensive view of your finances by linking all your accounts. It's also known for its built-in investment checkup tool and retirement planner, making it a great option if you're looking to plan for your future as well.

All these apps have unique features that cater to different financial needs. Here's a quick comparison:

App Key Features Ideal For
Mint Expense tracking, budgeting, free credit score Overall money management
YNAB Detailed budgeting, 'Give Every Dollar a Job' philosophy, savings tracker Structured budgeting and saving
PocketGuard 'In My Pocket' balance, recurring bills tracker, savings insights Cutting back on expenses
Personal Capital Investment checkup, retirement planner, net worth tracker Investment and retirement planning

In conclusion, mastering your finances doesn't have to be daunting. With the right tools, you can easily track your expenses, stick to a budget, and start saving for the future.

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