Your finances are important. We know that! We also know that one of the keys to living a good life is to be able to adequately use the money you have to obtain the resources you need.
That’s why we interviewed experts at GreenSprout, a finance blog with a mission to educate everyone financially on the most popular finance apps in the market. Below are the details of the interview.
WHAT ARE FINANCE APPS?
Finance apps are software applications downloadable on your mobile devices for financial service purposes.
WHAT ARE THE TYPES OF FINANCE APPS?
Finance apps can be used for several purposes. Thus, there are different types of Finance apps. These include Budgeting apps, Investment apps, and Cost-cutting apps.
Budgeting apps are designed to help you plan and follow your monthly budget. They also help to track your spending habits and expenses to best attain your financial goals.
Investment apps help you customize how you invest and make money. In contrast, cost-cutting apps are designed to help you keep track of your subscription-based expenses. This will enable you to know where your money is being spent. With that, you can decide which to stop or put on hold.
WHAT ARE THE MOST POPULAR FINANCE APPS IN 2022?
At GreenSprout, we are always on the lookout for the best finance apps. First is the Spendee app, which allows people to manage their finances as a household or group. It’s easily accessible to all parties. However, the bank account sync is only available on the premium plan, which costs 2.99/month or 22.99/year.
Next is You Need A Budget. This app is very popular because of its effectiveness. It provides detailed budgeting and spending reports and is easy to use. It allows a free trial, which charges $14.99/month or $98.99/year.
Mint is another great budgeting app that allows you to track your spending habits and monitor your credit health. It has a free feature, but this comes with ads. You can subscribe to the premium feature for $4.99/month to avoid ads. The app is also easy to use.
Lastly, we have Acorn, which offers about 25 expert-designed ETFs featuring over 7000 companies. It charges only $3/month for a personal plan and $5/month for a family.
WHAT ARE THE BEST CHEAP FINANCE APPS?
While high-end finance apps have proven themselves in the industry. Cheap finance apps are also trying to catch up. Some of them are; Ellevest, Truebill, and TRIM.
Ellevest is a very popular investment app, especially among women. This is because it is made by and for women. Depending on your plan, they offer personalized investing, financial planning, and retirement investing features at only $1-$9/month.
On the other hand, TrueBill goes through your bank statement to confirm all your current subscriptions. Subsequently, you can choose the ones you wish to keep paying for and the ones you want to cancel. Lastly, TRIM can sift through your bank statements to eliminate unwanted subscriptions.
WHAT ARE THE BEST FINANCE APPS FOR BUSINESS?
Some of the best finance apps for business include; Xero, QuickBooks, FreshBooks, and Wave.
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