Sorting out your finances might sound like a difficult and time-consuming task- but it doesn’t have to be. These days there are thousands of money management apps and tools available, all claiming to help you stay on top of your finances. Weeding through them to find the best one for you is a time-consuming task. In this article, we’ve done the hard work for you and found the best budget apps and budgeting tools for everyone, no matter what your situation is.
The one for everyone: MyFi
We know it might sound like we’re tooting our own horn, but MyFi premium service really is your one-stop-shop for anything financial. MyFi has several tools for those who subscribe to the service, including a budgeting tool for tracking your income and spending, as well as set goals and milestones. You’ll also have access to finance-related blogs and news to keep you up to date.
Not just for the individual, MyFi is also perfect for small businesses. It includes a state of the art CRM that takes care of everything you need including invoicing, customer management, data management and processing as well as reporting and analytics tools.
Think of MyFi as your smart friend. If you’re in need of finance, MyFi can source the funds you need and has an easy to use application process. They’ll find you the loan you need, and we’ll present it to you in terms you can understand. No other financial application contains this many tools in one service. MyFi’s really has it all covered.
The simple one: Pocketbook
If finances really aren’t your thing, and you’re after something super simple, then Pocketbook is the app for you. Pocketbook syncs with your bank accounts, credit cards and loans, and auto categorises your transactions. It also has a “safely spend” feature that lets you know how much you can spend based on your budget.
The one for couples: Goodbudget
Goodbuget is fantastic for couples as you can create one budget that syncs between multiple devices. Goodbudget uses the envelope system to separate expenses into distinct categories. You can also set combined goals so that you can focus on what’s important to you as a couple.
The one for friends, family and housemates: Splitwise
Perfect for shared houses or groups of friends, Splitwise allows you to figure out each person’s share of a bill, or avoid that awkward conversation at the end of a meal. Splitwise can send auto-reminder emails for future bills so that no one forgets to pay their share of the rent. It even allows you to write and keep track of IOUs. For restaurant-specific calculations, the sister app Plates by Splitwise is perfect for up to 10-way splits.
The one for taxes: Expensify
Expensify can help you keep track of your receipts and expenses so that you aren’t chasing them up, searching emails, or trying to make sense of a faded receipt once tax time comes around . Expensify allows you to scan and categorise the receipts in a variety of ways. Then, you can collate everything into one file that’s ready to send to your accountant.
The one for investors: Sharesight
Sharesight is the best portfolio management tool for DIY investors. With Sharesight you can add all of your holders automatically from your trading platform. Sharesight shows you graphs of your returns, tracks your dividends and provides useful information for your tax return.
There you have it, no matter what your living or relationship situation is, you’ll find a budgeting tool that will make your finances easier to manage. You will soon be on your way to a positive financial future.