Super Split

Apps To Manage Money

Best Money Management Apps

Financial management and budgeting have always been a topic we keep avoiding and I don’t blame you because it is a very tedious job. You need to constantly maintain financial records of transactions and do multiple calculations to create a budget which is exhausting. But now with the rise of technology, you no longer have to worry about this. With the help of apps to manage money, you will be able to budget and forecast financials to improve your plans for the future. So let us look at a few applications and analyse them in-depth in order to select the best of all the financial management apps amongst the list.

Wallet

Developed by Budgetbakers.com, Wallet is one of the most popular money management apps in the market. With its freemium model, it provides the basic features for free and charges a fee for its premium features such as automatic balance update by syncing your bank account. With the help of the financial reports provided in the application, you can get a fair idea about your finances. In addition to this, you can also set financial goals such as saving a particular amount every month or your monthly expenditure on shopping, etc. The wallet helps to break down everything into steps and gives your real-time progress so that you are always cautious while spending money.

Pricing detail
  1. Free with limited features
  2. Premium version costs 
    • Rs 200/ month
    • Rs 1,050/year
    • Rs 2,000 for lifetime
Platforms
iOS, Android, Windows
Features
  • Syncing of bank accounts for automatic balance update
  • Informative financial reports to give you an overall view of your state of finances 
  • Set your financial goals and we will help you track your progress
  • Ability to add multiple accounts like bank accounts, credit cards, shopping vouchers, cash, etc.
App Rating (out of 5)
  • iOS- 4.6
  • Android- 4.7

Empower

Empower works both as a money management application as well as a savings account. Like any other money management app, it helps you set financial goals and achieve them but in addition to this, it also has the ability to automatically save your money by understanding your balance and expenditure pattern. It is the best money management app for small size businesses.

Pricing detail
Free for the first 14 days after which a fee of $8 will be charged monthly
Platforms
iOS, Android
Features
  • Helps you track your finances
  • Automatically saves money according to your balance and expenditure
  • You can take a cash advance of 250$ with no interest, no late fee and no credit check.
App Rating (out of 5)
  • iOS- 4.7
  • Android- 4.4

YNAB

YNAB stands for You need a budget and the application does a really good job at assisting you with it. It really stands apart from all the other financial management apps. With its extensive financial planning, you will be debt-free soon. The company also claims that on average the new user saves $600 in the first two months of using the app and hence its popularity.

Pricing detail
1st month is free but subsequently, a fee of $6.99 is charged every month
Platforms
iOS, Android
Features
  • Sync all your bank accounts to get an overview of your finances
  • Set financial goals
  • The application’s extensive debt repayment methods are very effective to make you debt-free
App Rating (out of 5)
  • iOS = 4.8
  • Google Play Store = 4.1

Acorn

Amongst the apps to manage money, Acorn really stands out. Because of this unique combination, your spare change is invested so that it can grow in time and be of use to you. Apart from all this, setting up the IRA is very direct and easy. This daily expense manager app takes things one step ahead. It also strains on the idea of educating their users and hence they put up financial content for you to read and boost your knowledge in the area.

Pricing detail
  • Acorn LITE = $1/month
  • Acorn PERSONAL = $3/month
  • Acorn FAMILY = $5/month
Platforms
iOS, Android
Features
  • Automatic investment of your spare change
  • In under 2 minutes, you can set up your retirement plan(IRA)
  • You can educate yourself about the finance world with our well-curated content
App Rating (out of 5)
  • iOS = 4.7
  • Google Play Store = 4.3

Mint

Mint has been known for a long time now. It is a well known daily expense tracker app and has been voted the best financial management app in recent times. It has the ability of multiple device integration which gives us the ability to share between multiple gadgets based on our needs. The money management system is very rigorous and extremely popular. It provides constant reminders to its users when the date for bill payment nears. For all these features all you need to do is sync your bank account and the application takes care of the rest.

Pricing detail
Most of the features are free of cost. For Mint credit monitor you will need premium which will cost you $16.99/month
Platforms
iOS, Android, Windows
Features
  • The app analyses your expenditure and gives insights into your habits
  • Easy syncing of bank accounts to the application to get better budgeting advice.
  • Constant reminders to pay due bills
App Rating (out of 5)
  • iOS = 4.8
  • Google Play Store = 4.5

Pocketguard

Unlike other money management applications, Pocketguard is more famous in millennials because of its simple layout and analytics that are easy to understand and interpret. It helps you understand your spending habits and identify unwanted recurring bills for services that you are not even using.

Pricing detail
  • Free version
  • Premium version = $4.99/ month or $34.99/year
Platforms
iOS, Android
Features
  • Money management does all the math for you to achieve your goals
  • Recurring bill payment reminder & identify unwanted subscriptions
  • All your data will be safe under bank-level security 256 SSL encryption
App Rating (out of 5)
  • iOS = 4.7
  • Google Play Store = 4.1

Dollarbird

Dollarbird includes all the basic features of any money management application like syncing bank accounts to see expenditure but what separates it from the rest of the apps out there is its calendar format. This helps you get a holistic view of each day, month and so on with the help of colour-coded categories which is why it is one of the best daily expense manager app. You are always conscious of how much you are spending and how much you need to save till the end of the month.

Pricing detail
  • Free with basic features and only one calendar
  • Pro with 20 calendars = Rs 340/ month or Rs 3,400/year
  • Pro Unlimited with unlimited calendars = Rs 600/ month or Rs 4,700/year
Platforms
iOS, Android
Features
  • Works on a calendar-based interface
  • Automatic balance calculations of each day, month and year
  • Just capture a picture and upload receipts that will be added to the expenditure for money management
App Rating (out of 5)
  • iOS = 4.7
  • Google Play Store = 4.1

Wally

Wally is the most basic of all the money management applications. Its goal is to make transactions paperless so that its users do not need to carry physical receipts for tax and budgeting purposes. All you need to do is click a photo of the receipt and upload it to the application. The rest will be taken care of by Wally.

Pricing detail
Free version

Wally GOLD = $24.99/year or $1.99/month
Platforms
iOS
Features
  • Simple and easy budgeting methods
  • Sync your bank accounts and maintain financial clarity
  • Set up financial goals and wally helps you achieve them
App Rating (out of 5)
iOS = 3.9

Goodbudget

Goodbudget is a financial management app that works on the principle of envelopes. Like any other envelope with cash in it, you will keep on spending until it gets empty. Apart from this, you can shift money from one envelope to another for different purposes and also share the envelope with others. This method of budgeting helps you segregate your funds based on your expenses and it is very simple to understand.

Pricing detail
Free version

Premium = $7/month or $60/year
Platforms
iOS, Android, Windows
Features
  • Upload past transactions easily as it supports multiple file extensions
  • The savings of the month is shifted to the next month
  • Constant check on your budgeting with the help of extensive reports and charts
App Rating (out of 5)
  • iOS = 4.7
  • Google play store = 4.4

Spendee

The Spendee application is visually very appealing and easy to navigate. It is one of the most unique daily expense tracker apps amongst the ones that are out there. Just sync your bank account, and the application automatically accesses the transactions and categorises them so that we can understand our spending nature and make a budget accordingly. It is also good for users that are travelling to different countries as the application has the option of using multiple currencies.

Pricing detail
Spendee Basic = Free

Spendee Plus = $14.99/year

Spendee Premium = $22.99/year
Platforms
iOS, Android
Features
  • Financial data is automatically categorized & shown to you in the form of infographics, charts, etc.
  • Create budgets for different categories
  • We provide you with tips and tricks to improve your money management
App Rating (out of 5)
  • iOS = 4.5
  • Google play store = 3

Supersplit

Unlike the rest of the monotonous money management interface, Supersplit brings you a more refreshing and easy-to-use layout. As the name suggests it simplifies the process of splitting money among a group. You also get constant quirky reminders from the app about the money you owe to people. This removes the awkwardness about approaching a person and asking him for money face-to-face. Splitting has been a huge factor in money management especially amongst the younger generation and so Supersplit helps you get a hang of your financials. To make it even more convenient you can pay using the in-built UPI payment gateway. Just create a group by adding people from your contacts, mention the total expenditure and split it according to your needs.

Pricing detail
Free
Platforms
iOS, Android
Features
  • Create groups and easily split amongst them
  • You can split according to a percentage, by shares or just divide equally
  • Easy settling of dues through UPI payments gateway in the app
App Rating (out of 5)
  • iOS = 4.7
  • Google play store = 4.6

Conclusion

Covering every aspect of ten money management applications from all around the world with each one having its own unique features that made them successful amongst the users. Taking into consideration the ratings and reviews in the iOS app store and Google play store we conclude that amongst the above 10, the best money management app is ‘ Supersplit’ by Supersplit Tech.

With receiving one of the highest ratings amongst the money management apps, Wallet also provides its users with a comparatively easier interface i.e unlike the other heavy apps, which require extensive study and understanding, Supersplit has fairly simpler working. In addition to all this, the application is free of cost which adds justification to its title of best financial management app.

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