From the abacus to accountant, we’ve always felt the need to keep a close eye on our finances. With the advent of electronic payments, debit cards and soon-to-be implemented contact-less payment; never has it been more important to manage our finances. Smartphones have become cameras, diaries, personal organisers and now they’re becoming a one-stop shop for managing our finances. From bank transfers but budget forecasts, here are the three apps I consider essential to maintaining your fiscal foresight.
This is hailed across the spectrum of financiers as the best all in one app. Mint allows you to correlate and link all of your financial and banking accounts in one handy space, so you can see your entire net worth, debts and pending transactions. It shows you a real time impact engine that instantly shows you what your balance will be if you were to buy that skinny latte. There are few apps that can connect to your accounts directly and update your budget without any user input required. The crowning glory is the stunningly simple ‘Overview’ screen that shows your Credit, Debt, Flow, Investments and Adherence to a set budget; all on one screen. In the very nature of money saving, the Mint app is one of the few powerful finance apps that is completely free.
This impressive budgeting app is one of the few offering full customisation. The ability to add a photo or a note when adding a new transaction is, although simple, an effective way to categorise and recognise your outgoings. Another feature which Expenditure can boast over its competitors is the in-built currency convertor, making those holidaying transactions much less of a headache. Mistaking pounds for euros or vice versa can leave you worryingly out of pocket. Expenditure makes the list for its powerful and simple interface, making the chore of budgeting seem fun and intuitive.
Moneybook is both startlingly simple and satisfyingly complex. An easy to use interface means that those simply wanting to note their expenditure find it a breeze, but it has much deeper functions like data backup, customisable categories and password security. Like others, you can see an overview of your spending and saving so you can give yourself a treat or limit those take-aways. But you can also see your statistics from the prior month and compare the progress, noting whether your spending habits are being pegged back a notch. A great feature to encourage your growth as a monetary mastermind.