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Managing your money isn’t the easiest thing to do. Now that many of us no longer balance a checkbook, tracking expenses and keeping up with the bank balance can get a little difficult. Personal finance apps can connect with your bank account and help you keep up with your spending. These apps can help you figure out which categories you spend the most in, track upcoming bill payments (some allow you to pay your bills directly through the app), and keep up with your credit score and investment portfolio.
The best personal finance apps provide several features (email reminders, bill due dates, track subscriptions, shared wallets, etc.) for managing your overall finances. All the apps on our list are available on both iOS and Android, so you can enjoy them no matter which smartphone you have.
Best Overall : Mint
Mint is a full-featured app that lets you keep track of your spending and monitor your credit health for free.
Mint is free
Simple bill tracking
Handy spending categorization
Users may find the ads annoying
Mint, Intuit’s personal finance app, is a popular app that provides your complete financial picture in one place. Once you link your credit and debit cards to your account, Mint pulls your transactions, categorizes them, and shows how you spend your money. You can keep track of your bills and spending and create a budget you can stick to.
The site provides access to your credit score for free, and you can get a breakdown of the factors contributing to your score to stay on top of your credit health. Plus, you can track your investments and manage utility payments.
Best for Debt Payoff : You Need a Budget
If your goal is to pay off your debt, YNAB's helpful reporting and budgeting tools can help you get there.
Free trial available
Detailed budgeting and spending reports
Relatively high monthly cost
Multiple features may overwhelm new users
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
- Cost: Budgeting tool is free. Wealth management fee of 0.89% on up to $1,000,000 balance.
- Bank Sync: Yes
- Free Trial: No
Personal Capital provides a holistic solution to money management, offering both budgeting and investment tools.
Has an investment component
Access to financial advisors
Wealth management fees are relatively high
May be overwhelming if you're looking for a simple budgeting tool
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
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.
Handy payment due date reminders
Full picture of your accounts in one app
Limited features - bill pay only
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
With its shared features and tracking tools, Spendee makes it simple to manage your finances as a family or household.
Handy spending categorization
Easily accessible by family members or roommates
Free plan has limited features
Bank account sync only available with Premium plan
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
EveryDollar lets you give each dollar you make a purpose, offering a detailed approach to budgeting your money.
Intuitive spending tracker helps you stay on budget
Access to money management experts
Premium version is more expensive than other apps
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
Those who are visually-oriented will likely benefit from Mobills' interactive budgeting charts, which allow you to see your spending at a glance.
Handy spending categorization
Free version has limited features
Mobills organizes your expenses in categories so you can track how your spending is progressing toward your budgeted amount. See the amount you have remaining to spend in each budget category so you can rein in your spending as needed.
Mobills’ budget planning app includes interactive charts that allow you to analyze your financial life; you can use them to make adjustments as you need to reach your larger financial goals. Add your credit cards to the app so you can see your current balance and spending limits all in one place. You can also add all your bills and due dates to keep track of when your bills need to be paid.
The free version of the app has limited functionality, while upgrading to the Premium version will give you full access to all the app’s features. The Premium version costs just $49.99 if you pay for a full year.
Frequently Asked Questions
What Is a Personal Finance App?
A personal finance app is an app you can download on your smartphone or tablet that helps you manage all aspects of your personal finances. These apps can help track your spending, saving, and investing. They can also track bill payments and keep you up to date on credit score changes. You can connect personal finance apps to your financial institution to see where the money from your bank account is being spent.
A personal finance app makes it easy to keep track of your finances on the go. A personal finance app typically has different features such as a shared wallet, bill reminders, auto bill pay, and even managing subscriptions.
How Much Does a Personal Finance App Cost?
Generally, personal finance apps offer a free version and a paid version. The free version may contain ads and fewer features than the premium version. Paid versions of personal finance apps vary in price but are relatively inexpensive, about $25 per year. Other apps only offer one version, and it’s free. So, if you need some extra help managing your finances, a personal finance app can be an affordable way to help.
What Are the Best Personal Finance Apps?
The best personal finance app for you will depend on your unique needs and preferences. Those looking for an app with an investment component may benefit from Personal Capital, while those seeking a free app with comprehensive budgeting tools may benefit from Mint. To choose the right app for you, consider your financial goals and needs.
How We Chose the Best Personal Finance Apps
To choose the best personal finance apps, we evaluated several options on the market and considered factors we felt were most important to consumers. We did not evaluate every app available. Our top seven choices were chosen based on their features, monthly cost, if payment reminders were available, and more.