In today’s difficult economic climate, the importance of proper money management cannot be underestimated. After all, there’s nothing worse than living your day to day life in fear of over-drafting your bank account, which sadly enough occurs more commonly than most people think. One of the best ways to manage your money is by utilizing smart phone apps.
There are a great deal of apps out there that can help you to keep track of what’s going on in your financial life, all of which are easy to use and obtain. The following are just a few of the best apps for managing your money, all of which deserve a spot on your phone:
Budgeting is one of the most difficult aspects of money management, and most people could use all the help that they can get. iAllowance is the perfect app for helping people budget their money in an effective manner, and offers an extremely easy to follow interface. Perfect for adults, iAllowance can also be used to help teach children the value of the dollar.
When it comes to “all inclusive” money managing apps, it’s tough to beat Mint.com. Mint aggregates all of your checking accounts, balance transfer credit cards and other financial information in one place, which makes it easy for you to do credit card comparison, as well as just ensure that your finances are flowing smoothly. Mint is a free service, and you can also log into the application via your laptop or PC. Perhaps best of all, Mint.com comes with a very slight learning curve; perfect for those who aren’t particularly tech-savvy.
If you own a business or tend to take payments on the go (musicians, for example), you’ve got to have a credit-card processing app on your phone. Square is the best app for this job, and is far easier to use than most people realize. With Square, you can process credit card payments wherever you can pick up an Internet connection. Since you won’t have to deal with machine maintenance or expensive paper, you’ll also be saving quite a bit of money by taking this route.
Suze Orman’s Money Tools
Suze Orman is a veritable financial guru, and just about anyone who is interested in money management can learn from this app. Featuring a wealth of helpful tips regarding finance and how to spend your money wisely on a regular basis – whether it be finding cheap gas or eating a home more often, Suze Orman’s Money Tools is a very effective primer.
When it comes to your personal finance, there is no reason not to get as much help as you can get. Instead of trying to budget and manage your money blindly, download a few of the aforementioned apps to give you the help and support you need.