5 Money-Saving Financial Apps
As we live in a digital age, it is no surprise that people no longer do their finances by hand or via an old-school excel spreadsheet. Instead, the digital age has revolutionized everything, including budgeting.
When it comes to financial applications, not only can users sync up their checking & savings accounts, but they can also see their net worth, portion out their spending to varying categories, and find ways to best invest! Using financial apps, you can remain on top of your spending and constantly monitor precisely where your money is going.
Stop taking a backseat to your finances! Instead, check out these 5 money-saving financial apps.
Without question, Mint makes the top of our list, along with NerdWallet’s list as well. With day-to-day budgeting in mind, Mint provides a budgeting tool that fits the needs of just about everyone.
With Mint, users can connect their checking accounts, savings accounts, credit cards, investments, bills, and even their loans. In the same breath, Mint helps users pay off outstanding balances, track their goals, and save some money! In addition, users can customize their categories and set limits accompanied by alerts when the limit is approaching.
Find ways to budget and monitor your assets with Mint.
PocketGuard, the next one on our list, is a significantly simplified budgeting app liked by many. Therefore, PocketGuard quickly takes the second spot on our list with simplicity in mind.
Like Mint, PocketGuard users can connect their bank accounts, credit cards, bills, any investment, and all types of loans. In this easy-to-use budgeting tool, users can see a quick snapshot of their spending. After setting aside money to pay bills, contribute to savings and goals, and any other necessity, PocketGuard shows the user how much money they have left to spend. For people wanting that quick overview and helpful guidance when it comes to finances, PocketGuard is the app for you.
Do not overcomplicate things and track your spending with PocketGuard.
Are you seeking a more hands-on approach when it comes to your finances? If you are willing to put in the work this app requires, Goodbudget is a fantastic financial app.
Unlike our previous two suggestions, Goodbudget does not sync up with bank accounts, credit cards, loans, investments, etc. Instead, users must manually enter all account balances into the app. Furthermore, as Goodbudget follows the envelope budgeting system (a portion of income goes towards different spending categories organized by separate envelopes), users must also assign values and balances to these envelopes. Sure, this requires a lot of manual work, but this fits the bill for those looking for that actual hands-on financial app.
Monitor the inner workings of your finances with Goodbudget.
4) Personal Capital
Are you searching for a financial app that also serves as a guide for investing? If so, Personal Capital is the application we would suggest!
Similar to Mint and PocketGuard, Personal Capital connects users checking and savings accounts, credit cards, investment accounts, loans, and even IRA accounts, 401(k)s, and mortgages. In addition, it allows users to customize their spending categories, monitor their net worth, and see snapshots of their finances on the go.
For those looking for an investment tool that also keeps track of budgeting, look to Personal Capital.
5) You Need a Budget (YNAB)
For those looking for ways to be more intentional about saving their money, zero-based budgeting (planning for every incoming dollar) is a great route. With that in mind, YNAB is a financial tool designed around the zero-based budgeting system.
Rather than being heavily focused on past transactions, YNAB guides users to plan for every penny the user earns. With all checking and savings accounts, credit cards, and loans linked up to the account, YNAB shows how much income is going towards expenses, savings, and goals.
Be more in-tune with what you have and what you spend with YNAB.
These 5 money-saving financial apps each made our list for varying reasons. However, the overall convenience of having these apps at the tip of our fingers is undoubtedly something they all have in common.
What about ParqEx? How do we connect with these financial apps? ParqEx is, in fact, a financial parking app. Property owners can budget, save, and earn through listing their lucrative assets (parking spots) on our ParqEx platform. Much like these 5 money-saving financial apps, ParqEx provides full comprehensive reporting and insights on all activity within the account. Additionally, ParqEx is compatible with all these financial apps and can gain from integrating with ParqEx.
NerdWallet. (2021, December 22). The 8 best budget apps for 2022. Retrieved Jan 12, 2022, from https://www.nerdwallet.com/article/finance/best-budget-apps#goodbudget
Dore, K. (2022, January 3). The 6 best budgeting apps of 2022. Retrieved Jan 12, 2022, from https://www.investopedia.com/best-budgeting-apps-5085405