People are always telling each other what they should be doing with their lives. From TV shows you should be watching to diets you should be trying, many of us can’t help but give our two cents on just about everything. In the same way, you’ll often hear someone say “there’s an app for that” when looking for a solution to a problem. But is there really an app for that when it comes to finances and budgeting? The good news is that the last few years has produced an explosion of great personal finance apps, many of them free to use!
At Flexy Finance, we regularly assist loan applicants who have a poor credit rating. Not understanding the importance of budgeting is often behind poor money management decisions. The Office for National Statistics shows that in 2017 the average UK household spent approximately £900 more than they earned!
A never ending cycle of debt is a real possibility for many of us, so it’s important to find a way of budgeting that works for you.
Four Personal Finance and Budgeting Apps Just for You (and Everyone Else too)
Apps are a great way to keep track of your finances and stay on budget. But, choosing a financial budgeting app is like choosing a life partner. You have to trust it and it has to provide you with everything you need to improve your life and financial lifestyle. Let’s take a look at four of the top personal finance apps that you can use to stay on budget and rack up more savings.
Emma provides a user-friendly and effective way for the average Brit to keep their finances in order. Emma won’t do your budgeting for you, but it will help you to keep track of your finances like never before, and it will flag poor financial behaviour. The app groups all your accounts into one place. It allows you to set budget goals, ensures that you don’t spend your overdraft unnecessarily, and even helps to flag unnecessary subscriptions that can be cancelled to help you save. The app can also take a clear overview of your finances and recommend a suitable amount to save each month.
Yolt is the answer for you if you want to track spending across multiple accounts This app, much like Emma, allows you to view all of your accounts in one place. You can fully track your spending using the app and even generate a useful spending report. Unlike Emma, the Yolt app also allows you to transfer funds between your different accounts.
Moneyhub (99p per month)
You pay for this app, but it is well worth the money. If you’re looking for an app that offers exceptional data privacy, this app is a great choice. The app includes a spending analysis tool that allows you to get a better insight into your spending habits. You can set spending goals, receive notifications for bill payments, and even find financial advice and help when in need. Moneyhub is designed for the average person – it’s easy to use and offers a realistic overview of your finances.
Money Dashboard (Free)
Money Dashboard is an award-winning app that’s used by many people across the UK. Considered by many to be the UK’s best personal finance app, Money Dashboard allows you to set money goals, plan your finances and save money. The app puts all of your financial accounts into one place where you can access them to view your balance and spending patterns. Budget categories can be created within the app andare conveniently displayed for you, making it easy to track your spending. With over 500,000 users, it’s worth giving it a try to see what all the fuss is about!
When it comes to keeping on top of your spending and within your budget constraints, an app can really make all the difference. Instead of having to keep track of all your accounts separately, you can access all your accounts in one place. Check out these apps and see how they can transform you into the money manager you always wanted to be!