With the holiday season out of the way and tax season upon us, many Americans are looking at their bank accounts in horror. Realizing how much they spent, and thinking of the tax bill they will surely get from Uncle Sam, it’s time to get a budget in order and get those accounts looking healthy again.
You have probably seen lots of adverts for budgeting apps and thought they looked sketchy, or you didn’t need them, but if you are someone who swipes till it declines, or doesn’t know what their monthly expenses are, then it is probably a good idea to invest your time and effort into a budgeting tool. Less, Americans are budgeting today and with mounting credit card debt, the cracks are starting to show. A Gallup poll found that only ? of Americans keep and maintain a budget, and 50% of American households live paycheck to paycheck.
The internet is a barrage with personal finance apps and budgeting tools but with the help of the Corey Advisors team, you can rest easy knowing the following list is full of only the very best in tools to help you. Without further ado, here is our list of the top 4 budgeting and finance apps for 2020.
1. Mint
Mint, created by Intuit (the parent company of TurboTax) is a one-stop-shop app for your finances. You can truly see everything in one place. With the use of the app you can:
– View your credit score,
– See your debts
– Get tips on saving catered to your individual need
– Create a budget.
The app is easy to use, and sign up is free.
2. Pocket Guard
Do you have a problem with overspending? Well, with Pocket Guard, you can have a watchdog in your purse that makes sure you do not go over budget.
The program also helps with:
– Tracking your spending
– Budgeting
– Offers finance tips
– Assists in bill pay-services
This is the perfect app if you are forgetful about finances and is free to use.
3. Personal Capital
With free tools and honest advice, Personal Capital is the best tool for any investor or person with a high-volume bank account. The tool allows you to link your bank accounts to the app so that you can view and manage your accounts in real-time. The app also allows you to do the following:
• Talk to an advisor
• Make a plan for your investments and your future
• Start investing
This is the best tool for wealth management and it’s free to sign up for.
4. YNAB
YNAB Stands for you need a budget. This is a paid app at $11.99 a month but this is a serious app for anyone who wants to sort out their finances. With YNAB you can do the following:
• The app offers you a pie chart at the end of every month which shows you how much you’ve spent and where you are going wrong with your spending.
• They offer a spreadsheet that shows your spending and also makes a budget that will help you achieve your financial goals.
We would recommend this app for anyone who needs the full service and needs a strict coach in order to get their financial life in order.
As you can see there are many great finance apps out there and here are some great runners up to our list:
• Clarity Money
• Goodbudget
• Albert
• Credit Karma
• Charles Schwab
• TD Ameritrade
Why do I need a financial management app
If you want to get ahead financially and you have goals and budgets in mind such as your dream vacation or planning for retirement, it is very important for you to have an overall picture of your finances. Sometimes you need a reality check and by having all of your tools and all of your finances in one place you will be able to get a better picture of where you stand financially. You may not be in the place you want to be financially, but with these budgeting and personal finance apps and the help of a financial advisor you can get out of a rut or get yourself back into financial health and wealth.
I don’t have a smartphone can you access these tools on their websites?
Yes, you can access most services on these websites as well as on their apps.
I don’t like using apps what if I went to speak to someone in person?
If you want to speak to someone in person that’s a great idea! Here at Corey Advisors, we can help you with your financial goals. We offer full-service budgeting and financial advisory and will help you on the road to financial freedom