Managing personal finance can be extremely stressful. You have loans to pay, monthly rents to clear, credit card bills to pay up and then of course, there are rudimentary expenses to incur as well. Lots of time of a young working man goes into ensure that the monies stay in order and where they are supposed to be.
What if we tell you that there are apps that can do all the hard work for you? Intrigued, right? Go ahead. Put away all the paperwork and get a better understanding of your messy finances with the apps mentioned below:
1. Money View:
This is one of the best India-specific finance apps available in the market. It keeps track of all your spendings and allows you to set monthly budgets. It also organizes your credit card accounts and bank balances. It also makes sure you never miss a payment deadline by sending reminders. Money View is only available on Android.
It helps you keep a track of your daily spends across all mediums such as cash, net banking, card and savings. Beewise is supported by major banks such as HDFC, ICICI, Axis, Citi, etc. You can visualize your expenses in real time. It also has an automatic tagging system that doesn’t require manual data entry. Beewise is available on both Android and iOS.
This app lets you assign budgets for every task of yours, such as food, electricity, groceries, etc., and then puts those amounts into envelopes. Once the envelope gets exhausted, you can either transfer some money from other envelopes or wait till the next month to re-fill it. The app has an easy-to-use interface. It is available on both Android and iOS.
Related: 5 Apps to Make Your Phone Smarter
4. Good Budget:
Although it is a lot like Mvelopes, the only differentiator is that it allows a seamless transfer of funds to your partner or spouse’s device. So the next time you are out of cash or your partner is, you know who (read: what) to depend on. You can make use of it on both Android and iOS platforms.
5. Home Budget:
This finance app is best for those professionals who have multiple income sources. It has a clean, clutter-free UI and lets the user easily find items using different search parameters on the app. HomeBudget works on both Android and iOS platforms.
You might be receiving a fat paycheck at the end of every month, but if you are not keeping a track of expenses and planning budgets – then what’s the point? After all, it is your hard-earned money and you can’t let it escape your eyesight for even a second. So make use of any of these apps and uncomplicate your financial records.