5 Best Personal Finance Apps on The Market
10 Reasons To Say No To New Credit Cards
# Personal Capital
Personal Capital tracks investments by account or asset class, and allows you to compare your portfolio with different indices. The app provides investment checkups and mutual-fund fee calculators.
It is especially useful for investors, while still providing information on basic personal finance, and is fully encrypted and completely secure. However, the app is a read only service and you can’t transfer funds through the app.It is also zero cost and available across platforms.
# Better Haves
Better Haves is an app intended for couples as a responsible expenditure and financial planning system. A virtual envelope is filled with money and as spending happens, it keeps expenses tracked and organized. The app has the capability for numerous people to see the same information from various devices and gives real time updates.
The envelope system sends notifications to both users whenthey are low and informing about spending in that area needs to be more closely monitored. It is free, but is a very new app that has usability issues which need to be ironed out.
Shoeboxed
Unlike the previously mentioned apps, Shoeboxed provides a way to easily keep up with cash spending in addition to credit/debit card spending. Based on pictures of your receipts, Shoeboxed collects and organizes spending habits. It creates shareable expense reports and has a broad range of import and export methods including pictures, email, and scanning.
The app is not updated in real time, since each transaction is verified by hand. It works on different platforms, and offers different levels of involvement, and therefore different cost options.
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