5 iPhone Apps to Manage Your Money, Budget & Finances
While it’s true that an iPhone can be a pretty big financial investment up front, did you know it can actually help you save money over the long run?
There are lots of great iPhone apps out there that can help you save cash in big and small ways. From making a budget to remembering to pay your bills on time, your iPhone can help you with all your basic financial needs.
Here are just five apps you can use to manage your money with your iPhone:
1. Mint iPhone App
Download: Mint.com Personal Finance App for iPhone
Mint.com is one of the premier free budgeting sites on the web, and now you can access it on your iPhone, too. Talk about helping you save money; this app is free from Mint.com!
Financial experts everywhere agree that one of the best ways to save money for your financial goals is to make a budget and stick to it. Mint helps you do both. It’s great because you can make a budget and see it in a very visual format. Your monthly budget comes out in a bar graph, so when you track your spending, you can see just exactly how much of your budget for any area you’ve used and how much you’ve got left.
One failure of many budgets and budgeting apps is that you have to input all your information on your own. In the age of debit cards and plastic spending, this can get a little confusing, since people may make fifteen or twenty transactions in any normal day. Mint automatically synchs with your bank account, as well as your credit card accounts, and downloads the information. You just have to make sure your spending is categorized correctly, and you’ll be good to go. Tracking your spending on the go has never been easier.
2. iCredit Calculator
Download: iCredit Calculator iPhone App
A credit calculator can be a good motivating tool to use in conjunction with your Mint App for iPhone budget. With this simple application, you can put in your current credit card debt and figure out how long it will take you to pay it off.
This is great, because you can figure out how long it will take you to pay off your credit cards making minimum payments and making extra payments. The three different ways to calculate your credit card debt are easy to figure out and super simple to use.
Download: BillTracker App for iPhone
A great app for staying on top of your bills. Since it helps you see bills that are coming up in the near future, you can figure out if you’re going to be able to pay everything with the money you’ve got on hand. This is particularly helpful if you have automated bills that you tend to forget about. With BillTracker, you can get a reminder of all your bills that are coming up a few days in advance. That way, you don’t have to be concerned about missing bills.
Of course, BillTracker can help you stay on budget. If you remember that your student loan payment is going to automatically withdraw on the 15th, you’ll probably think twice about going to that movie on the 13th unless you know you’ve got enough money to cover it.
This particular app can also help you save money by upping your credit score. One of the best ways to wreck a credit score is to pay bills late or miss paying them at all. With BillTracker, this will no longer be a problem for you.
4. Save Benjis
Download: Save Benjis iPhone App
One of the iPhone apps that’s made the most difference in our everyday financial lives since it came out. This app actually allows you to compare prices for just about anything, be it a big purchase or a small one. You can figure out who has the same item for less, and where it’s at.
Do you really need to drive all the way across town to save fifty cents on a gallon of milk? Probably not. But if you’re making bigger purchases, you can rely on Save Benjis to, well, save you some benjis! Also, though, this app can be helpful if you want to figure out which of your favorite grocery joints consistently have lower prices on everyday basics. That way, you can plan out your weekly shopping trips to take advantage of the best prices in town.
5. Mobile Banking Apps
Banking apps from various financial institutions can be great if you’re with one of these institutions, or they may be enough to sway your decision when hopping from one bank to another. For instance, Bank of America allows you to do most of your banking through your iPhone, and you can also locate the nearest ATM. Chase Finance also has an app that allows you to track balances, make transfers, and even contact customer service on your iPhone.
Non-bank institutions like E*Trade and PayPal also offer helpful apps. E*Trade’s lets you access all your quotes, track prices, and see portfolios from your iPhone. You can even trade from your iPhone. PayPal’s app gives you full access to your PayPal account, allowing you to make transfers or send money from your phone.
Guest post by Abagail Hall: Abigail is a blogger at CreditDonkey. She reminds you to visit www.creditdonkey.com on your iphone to compare credit card offers. Her latest article offers tips for entrepreneurs looking to start a home business.
Main image by sixmilliondollardan