Top free personal finance apps
Apps can be costly but you can cut the costs when you access the programme for free. And usually free may not always mean the best quality. But isn’t it nice to know that these apps don’t fall in the non-quality category. As far as top free personal finance apps go they’re amongst one of the highest rated in terms of users and just really highly regarded for their use.
- Mint
Regarded as one of the best app for managing your money, the free Mint app is an effective all-in-one resource for creating a budget, tracking your spending and getting smart about your money. Connect all your bank and credit card accounts and all your monthly bills, so all your finances are in one convenient place no more logging in to multiple sites.
Mint lets you know when bills are due, what you owe and can pay. The app can also send you payment reminders so you can avoid late fees. Based on your spending habits, Mint even gives you specific advice to gain more control over your budget. The free credit score is a nice bonus, too. Mint also offers free budgeting and throws in a free annual credit report as well.
And what makes Mint standout over other apps is its investment tracker feature which helps users to compare their portfolio with the market benchmarks as well as track all their asset allocations across all platforms, such as their mutual funds and 401(k).
- 22seven
22seven is an app launched by Old Mutual group, and as you can imagine it’s setup to do a bit more than just track your spending habits. This app helps you manage your money more effectively and invest it more smartly.
This app is free from Old Mutual and currently works with accounts from South African banks and financial institutions.
What is it all about?
See all your money in one place. You can link your various banking accounts to the app. As well as keep track of your spending; how much do you spend and on what. Your transactions are categorised.
◾You can set your budget, or it can automatically set a personalised budget for you
◾Know the status of your cash flow at any given time
◾Get an accurate picture of your net value
◾Your tax returns are made easy, all your income and expenses are categorised and exportable
◾Invest your money at the flick of a finger