Be smart in managing your money: these are the best personal finance apps for the millennial generation.
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Anyone born between 1981 and 1996 knows too well that Generation Y has a bad reputation for personal finance – as if we * wanted * a student loan debt for life, a housing affordability crisis, or a market economy in which well-paying jobs with benefits are essentially unicorns.
… but we are moving away. The thing is, millennials are when it comes to money management and financial planning, or at least a lot more than most people think. We budget and save almost as many baby boomers and more than half of us have an economy goal. (The same can not be said of older generations.) Also, we can spot a bad value one kilometer away – sorry, – and we know how to rip off when we see one. (See: , .)
Nevertheless, there is always room for improvement in terms of setting and maintaining your long-term financial goals. You may be coming out of college and you are struggling to set a budget for your young adult, or you need help opening an investment account. Maybe you want to explore the crypto market. Heck, maybe your current account (yet) requires some serious precautions after last year Black Friday the sales.
Whatever your needs and your hard-earned money, there is probably an application for it. We've gone through the reviews of the Internet and the app stores to make the following list of the top 11 financial apps, at least one of which will make your financial life a lot easier. Thanks, technology!
Beautiful design • Gathers all your information in one place • You can make it as simple or detailed as you like
Reviewers report some bugs in the last update
An all-in-one money management tool, both pleasant to look at and enjoyable to use.
1. MintAn all-in-one money management tool, both pleasant to look at and enjoyable to use.
iOS and Android
Mint offers you many customization options, including tools to create a realistic budget and set invoice reminders, and even provides personalized advice on how to improve your credit score, reduce bank charges and to find new ways to save, all at a cheap price of free
A host of features and tools • Able to track funds in real time • A strong customer service team
Short learning period for new users • Desktop version is more complete than for mobile
As close as you can ever have a personal accountant who lives in your computer.
2. QuickenAs close as you can ever have a personal accountant who lives in your computer.
Starts at $ 34.99 per year
Web, Windows, Mac, iOS and Android
As the oldest app on this list at age 36, Quicken know one or two things about the effective and practical management of your money. Its wide range of features includes tools to organize and track your expenses, create a budget, view and pay your bills, pay your debts, monitor your investments, plan your retirement, track the value of your home and even support transactions in connection with small business property. (Whew!)
More than $ 30 a year may seem like a high price to pay for something that is supposed to save your money, but trust us – this powerful app is worth it, and even more.
Updated regularly based on customer feedback • He wants to teach you how to reach and maintain your financial goals
Expensive • Small learning curve
If you manage to exceed its price, you will find it wonderfully useful, unlike most personal finance applications.
3. You need a budget (YNAB)If you manage to exceed its price, you will find it wonderfully useful, unlike most personal finance applications.
Free trial of 34 days, then $ 6.99 / month (annual billing at $ 83.99)
Web, iOS and Android
On the technical side, a practical budgeting tool serves as the focal point of the YNAB interface; you must have your income and expenses in great detail to determine the amount of debt that you can actually repay each month, making sure everything you do with your money is intentional.
Put all your bills in the same place • Will send you a notification if an invoice seems suspicious (that is, higher than usual)
Some reviewers report occasional one-time payments
Not doing much in addition to helping you manage your bills, but it does very well this unique task. In addition, this could be all you really want and / or what you need in a financial application.
iOS and Android
Can you ? Can you pay my phone bills? Can you pay my automo bills? If you did it then maybe we could relax – but in the meantime, let's Prism settle our outstanding balances.
Once the application is downloaded to your smartphone, you will never have to worry about missing an invoice, because Prism tracks it for you and sends you alerts regarding due dates to come. All the balances and expenses of your account for the whole month are accessible in the form of calendar or list and are paid according to the method of your choice (credit card, bank account, etc.). In addition, Prism offers you the ability to issue invoices at any time, whether it's the day they are due or weeks in advance.
Paid plans support multiple users • Choose from different currencies • Modern and colorful design (yet uncluttered)
Critics say developer support may be uncertain
Finally, you can stop arguing over who paid for the electricity bill last month or not.
Free trial of 7 days and free for the basic package; Pay plans for multiple wallets (users) start at $ 1.99 / month or $ 14.99 / year
Web, iOS and Android
Calling all roommates and cohabiting couples: spender is about to make your life so much easier.
Available at various prices, the enhanced plans of this leading app allow family members, partners and roommates to share a portfolio for a complete picture of a household's financial habits. Each user has the ability to track cash flow (income and expenses) in the currency of their choice, establish and manage budgets, and take a look at where they are. money goes on easy to understand charts. All of this data can then be synchronized and supported on all devices for household level accountability and transparency.
Charts visualize your expenses • Supports multiple currencies
Syncing device information requires a Dropbox account
See exactly where your money is going when you go there.
Windows, iOS and Android
Good news: you no longer need to take a pen on paper to record your expenses because Monefy will do it for you a lot easier. It's as simple as opening your app, populating the amount and pressing "Add". Boom – that's it. This data can then be securely synchronized between all your devices (including smartphones and tablets) with the help of your Dropbox personal account, and / or sorted using Monefy's default categories for organizations. expert level. (Although you can always add your own categories too.)
The icing on the cake of this handy feature, Monefy is really pretty: it uses fun fonts, bright colors and whimsical icons in a fresh and clean way that enhances your use (instead of distracting it).
The standard plan includes tools for retirement planning, budgeting and cost analysis. • You can switch to access to consulting services if your net worth is high enough.
Fees for consulting services are quite high
Ignore freemium services – the standard version of the application will still provide you with many tools to help you build a solid financial plan.
For a finance application that gives a complete picture of your net worth and expenses while helping you manage all your investments, look no further than Personal capital.
The configuration is super easy because the application is integrated with more than 14,000 financial institutions. After linking to all your accounts for a real-time view of your financial life, you'll have access to a four-part collection of award-winning financial tools on your dashboard. Among these is the unique Investment Checkup function, which analyzes your risk and shows you the performance of your investments (and how they could do even better).
You may also enroll in Personal Capital Personalized Wealth and Investment Services for an additional account management fee, provided your net worth is sufficient.
Geolocation feature tells you nearby rewards • Recommends the best map to use for each purchase
Some critics say banks can take a while to connect
If you already use a Rewards credit card, the download of this application seems to be obvious.
Did you know that the average homeowner misses over $ 200 a year in credit card rewards? Well, do not be an average customer. Instead, sign up for Birch Finance, a financial app that provides you with useful and practical information on how to maximize your rewards.
The process of obtaining this information is simple: just download the Birch app and log in with your financial institution's credentials to allow Birch to view your expense history. (Do not worry, the bank account itself will be left to itself.) Birch will then create a secure connection with all the banks with which you will connect so that your transactions are synchronized. From there, you will get tips on how to make money. More benefits for airlines, hotels, stores, trips and cash back with the cards you already use. Once you use Birch for a while, you will be able to see your spending trends broken down by categories and traders.
The educational content is ideal for beginners investing • The recording is fully automatic
Portfolios are relatively small
Are you a student, a shit saver or both? This app will be your saving grace.
Free to download, then $ 5 to start investing; The account management fee starts at $ 1 / month (students can register for free by registering using their .edu email address)
iOS and Android
You know what to say about how to go a long way? It's basically the philosophy of acorns, a financial app / robo-advisor that allows you to set aside your currency in reserve or round off your purchases with related credit or debit cards. Everything that is contributed is automatically placed in an investment portfolio for easy savings. You also have the option to sign up for Acorns' Money Found program, which allows you to recover money every time you use a linked credit card to buy something from Apple, Hulu and Hundreds. from other companies.
As an added bonus, each Acorns Plan gives you access to exclusive content about budgeting, healthy financial habits and much more that will enhance your financial expertise.
No commission! • Non-cryptographic investment options are also available.
The crypto feature is currently unavailable in some states
No hidden fees and instant access to funds? Welcome to modern investment for the little guy.
Bitcoin and Etherium and Dogecoin, oh my god. Whatever your favorite cryptocurrency, you can start tracking and negotiating it for free 24/7 when you download the file. Robin Hood app (That's right, you never pay commission.) Your funds will be available as soon as you deposit or sell shares to buy cryptography, so you never miss a potential company.
The Robinhood Crypto feature is currently supported in 30 states across the country and plans to expand this range in the near future. In the meantime, you can still build your portfolio by investing in the stock market or in ETFs, accessible on the same Robinhood dashboard as cryptocurrencies.
Free to use and at no cost on cash savings • Cash back rewards
Allows you to set (and reach) financial goals with another very important super easy.
11. TwineIt's easy to save money together with this useful tool that provides tips and even rewards with cash back.
Free, with an annual commission of 0.6% on investment portfolios
Web and iOS
You and your partner have decided to save for something together, but you have not combined all your finances – and now? You need a money management system that allows you to plan your budget and calculate your savings. String is a financial application dedicated to short and long-term savings goals, whether it's funding a vacation or paying a down payment on a home.
Twine is free to download and access – just create a profile and link your bank accounts. Invite your partner to the app or sign up together on one device. You can both set goals for "me" and "us" in the system. You have the opportunity to save money, which is 100% free, or create an investment portfolio, which will be charged to an annual fee equal to 0.6% of the average daily balance of the account , paid monthly. In other words, a portfolio with an account balance of $ 500 will be charged 25 cents per month, so nothing is too much. Plus, you can earn money and get recommendations, tips, and updates on your progress.
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