Modern lifestyle requires us to manage our money and spending habits in order to have a calm and confident life. We feel in control knowing how much we spend per day, week, month and even a year. Budgeting helps us plan future expenses and save up for large purchases.
With the development of mobile technology even such thing as money management becomes so easy. Nowadays you can not only track your day-to-day expenses but also stop carrying a wallet at all. Mobile software developers offer a number of mobile applications to help us pay bills, manage our income, send and receive money.
A little financial discipline won’t hurt anyone. Keep reading this article to find out our top picks for payment and money management applications.
PayPal is probably the most well-known online payment system in the world. iPhone and Android users have a possibility to manage their PayPal account straight through their mobile device. This app can boast a simple and user-friendly interface. All you need is to attach a credit or a debit card to your PayPal account to start using all of its extremely useful features. Make online purchases, transfer cash, send money from your bank account in no time. In addition, it is possible to request and send money to people who do not even have a PayPal account. Enter recipient’s email address or phone number and you are good to go.
If you are renting an apartment with friends and struggle with managing your mutual spendings this app is for you. Acasa is perfect for controlling joint spendings for an apartment rent, utilities or groceries. In order to use the app effectively, you need to add all participants so that everyone can create their own transactions. The app will determine the balance of each participant’s account and record who is paying for what and how much. Moreover, Acasa sends the balance sheet via email so you won’t forget anything. This is a great app to save time and avoid uncomfortable fights over money. Plus, Acasa is available for both iPhone and Android users.
Spendee is a money management software presented by mobile applications for IOS and Android. A simple and intuitive interface in addition to laconic and stylish design make Spendee a great financial tool for everyone.
The app offers a basic set of features like account management, budgeting, exporting data and cloud synchronization. The app supports multi-currency transactions with automatic conversion. Users can add transactions with only a couple of clicks. However, if you have time, you can add more details, for example, a photo or location. In addition, Spendee provides colorful infographics of user’s expenses.
Another very useful application in the world of mobile POS software, Square Cash allows leaving a wallet at home. After linking a debit card to your account, start sending and receiving money from anyone who also has a Square Cash account. One of the distinguishing features of this application is that Square Cash transfers money in and out of the account directly, unlike its competitors. Another great thing is that users do not have to pay any fees for personal money transfer. However, that only applies if you are using a debit, not a credit card. Available on iPhone and Android smartphones.
If you have ever been interested in budgeting techniques, you probably heard of envelope method. But if you are new to money management, here is what is it. Basically, you divide your total amount of money into several envelopes, each of which has its own purpose. One for food, one for clothes, one for rent and so on. Developers from Dayspring Technologies decided to transfer this principle into mobile form and created Goodbudget.
You need to decide how much would you like to spend on entertainment, groceries, transportation etc and the app will help you stick to your goals. Goodbudget can be synchronized with multiple devices, which makes it easy to manage a joint budget. Whether you are an iPhone or Android user, this app can also help you save up for an expensive purchase.
Venmo is a simple online payment service created by PayPal. The app allows users to transfer money to anyone who has an email address or a phone number. Similar to Google Wallet you can store money on Venmo account or link your debit/credit card.
The Venmo service is mostly popular among young people, who do not want to deal with cash and rather send money to their friends via online service. Along with money transfer, users can also send a note using their favorite emojis. Plus there’s no charge for transferring money using a debit card. The app is available for iPhone and Android.
Mint is a very popular finance management service with more than 20 million users!!! No wonder that Mint has so many fans since this app has everything needed to keep you on top of your finances. The main idea is that Mint connects all user’s financial accounts (credit cards, car loan, mortgage) within one system. The fact that all data is stored in one place allows users to see the whole picture of their financial situation.
Since you have to entrust Mint a lot of your personal information, app developers constantly working on providing the highest level of security. In order to use the app, you have to register using login and password information. And in case your device gets lost or even stolen, you can delete all account information remotely. Both IOS and Android users can download Mint for free.
An easy-to-use Expensify mobile application can become the best friend for those who are always on the go. Being free for iPhone and Android users, this service allows storing any data related to your expenses (receipts, tickets, miles and more). Moreover, Expensify offers several options when it comes to entering data. Users can manually track their expenses, import photos of receipts and even pull out data about the purchase from their credit card.
Another feature that can be very useful for those who are traveling a lot is multi-currency. At the end of your trip, select desired currency and the app will automatically convert all expenses into one currency. In addition, you can get a full spending report sent to your email.