Author: Mark Rose
Cash management and budgeting are crucial factors for individuals looking for solutions to improve their financial status. While it is easier to say “I want to start budgeting”, it is hard to get started.
Luckily, you can always take advantage of the accessible personal finance management apps in this jet age. With these applications, you can have maximum control over your money and finances.
Fortunately, you don’t have to look elsewhere for the best personal finance management apps, we have compiled a list of the best free and paid versions for you. Check them out below.
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Truebill
Truebill is a versatile finance management app that can help you beyond taking control of your finances. The app is known for bill negotiation and canceling subscriptions. With Truebill, you can say goodbye to those unknown and rarely-use app subscription payments.
Additionally, the app is a sure way to monitor and manage your spending habits while imbibing a good saving habit.
Nevertheless, it is up to you how great Truebill can help your financial journey since it works as a pay-what-you-choose system. You can opt for the free trial to know if it is a good match for you.
Pros of Truebill
- Inexpensive
- Best for canceling trial subscriptions
- Offers several features
- Easy to use for beginners
Cons of Truebill
- Requires a premium upgrade to use all the features
- The web interface is not friendly.
- Frequent updates and notifications can be annoying
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Mint
Mint is best known for having its free services. Since the application is free, you have to deal with being exposed to targeted financial product advertisements. However, it is perfect for beginners who want to improve their spending habits.
Furthermore, the finance management app allows you to sync your financial accounts. However, you can still choose to manually input transactions if you want to feel safer getting started.
Mint can automatically organize your spending, track monthly bills, and give reminders to avoid late payment fees.
Pros of Mint
- Free service
- It helps in investment tracking
- The app is beginners-friendly
Cons of Mint
- In-app product advertisements
- Have technical issues from time to time
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YNAB
YNAB can be a pricey personal finance management app in the eyes of budgeters. However, paying for the service might be worth it if you are up for a proactive budgeting approach. You can sync it with your bank account for easier financial management.
What makes YNAB a great choice is that it highly prioritizes privacy and security matters. This shows that it has a lower risk than other applications.
Pros of YNAB
- Strong privacy and security
- Excellent free trial experience
- Great learning about finance management
Cons of YNAB
- Pricey for budgeters
- Needs time to learn the service
- It is difficult to synchronize it with bank accounts sometimes
Takeaway
The listed applications are a few of the personal finance management apps you can trust to manage your finances and educate you on budgeting and spending. You don’t need to struggle with the traditional cash management method, enhancing impulse buying. To know the app that suits your situation or finance, review each application’s pros and cons.