Personal finance: 5 mobile applications to control expenses and set savings goals

There are hundreds of applications that help to have a more accurate record of what is spent

The fact of having a smartphone in your pocket that accompanies us everywhere can be very useful to organize different aspects of daily life, including personal finance. When trying to order the numbers of income and expenses, specialists usually recommend first keep a detailed record of the income, assets and expenses you have before launching yourself into more ambitious goalshow to save and invest in the short and medium term.

However, it is not necessary to be an accounting or finance specialist to put together a household budget in a practical way that allows you to identify key expenses that can be cut back or made more efficient, and the dangerous “ant expenses” that with small amounts but many repetitions can have a weight in the monthly expense much greater than what is estimated intuitively.

There are some free applications that, with graphs and recommendations, allow you to have a better understanding of your own finances

Among the best ranked in the Android store, and with the most downloads, are some of the most useful and intuitive free applications that, with graphics and recommendations, allow you to have a better understanding of your own finances. As in any free application, providing financial data will generate information potentially usable by companies about our economic profiles. The recommendation, in this case, is to opt for recognized applications with positive user ratings.

Spendee is handy for setting savings goals.
Spendee is handy for setting savings goals.

With over a million downloads on Android, Spendee stands apart from the rest of the personal finance apps because it’s organized around the possibility of setting savings goals, with deadlines, notifications and other statistics that alert the user to how their project is progressing.

Like all, meanwhile, allows easy tracking of spending by specific purchases and categories that can be instantly transformed into infographics and charts that allow us to understand where the money is going.

They allow to connect with credit cards or bank accounts in such a way that the income is easily registered

Another distinctive point is that it allows you to connect the application with credit cards or bank accounts in such a way that the income is recorded more easily. The downside at this point is that this service is paid, it costs almost USD 23 a year, and that users in the reviews report compatibility problems with some bank systems.

Monefy is one of the easiest to use, although somewhat difficult to customize.
Monefy is one of the easiest to use, although somewhat difficult to customize.

Among the most popular, more than 5 million users downloaded it on Google’s mobile operating system, it is one of the most intuitive to use.

Organized from icons that refer to expense categories, it allows you to enter each payment made very easily to immediately have the added information to analyze in a pie chart. On the other hand, its simplicity is also a form of rigidity: it is difficult to customize it to adapt it to specific consumption or expenses outside of those that are predetermined.

One of the distinctive points of Wallet is that it allows you to share accounts with family members.
One of the distinctive points of Wallet is that it allows you to share accounts with family members.

Another of the most popular, more than 5 million downloads on Android, along with the possibility of recording expenses and returning graphic and easy-to-read information, as well as planning budgets for specific projects.

But one of its distinguishing features is that allows you to share specific accounts with family members. This point is one of the most valued by users, since it allows you to control and plan family expenses together.

It also allows automatic data synchronization with bank accounts, but compatibility issues may also limit this feature.

MoneyHero stands out for its daily budgets, based on goals set by the user, which warn about how much remains to be spent each day without leaving the plan.
MoneyHero stands out for its daily budgets, based on goals set by the user, which warn about how much remains to be spent each day without leaving the plan.

Less popular and more recent. MoneyHero stands out for its very friendly graphic environment and organization of information around predetermined budgets. The app will follow the payments reported by the user and, based on savings goals, it will report when there is still time to spend in a day to stay within the limits that the user himself imposed. These budgets and goals, moreover, are easy to generate automatically by simply reporting monthly income and fixed expenses, and then customizing the caps to your liking.

KEEP READING:

Suspicions of evasion: Massa will seek to close in Washington an agreement for the automatic exchange of information between the AFIP and the US Treasury
UVA fixed terms: how much do the only deposits pay that beat inflation and that the banks do not want you to know
The president of the Central Bank came out to defend himself against Leliq’s stock record and high rates

Leave a Comment