Free Phone Apps to Help Manage Your Money
Author: Elizabeth Stout of the YE4C Editorial Board and the YE4C Team
Keeping track of finances and creating budgets can be a challenging task. Finding good, free resources to help can be difficult. Fortunately, Elizabeth Stout of the YE4C Editorial Board identified five apps that can help you manage your money. Each of them can be downloaded on your smartphone or tablet. Here they are:
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Wally is a personal finance app for keeping track of income and expenses, then comparing them to help balance your finances. The app includes a feature that allows you to take pictures of receipts to easily log purchases. The app does not require any of your banking information. You just provide your name and email. Your personal information is stored safely and immediately anonymized; any data shared with third parties is anonymous, as outlined in their privacy policy. (iPhone app) |
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Goodbudget is a simple budgeting app for tracking paychecks and transactions. You create financial categories to manage and prepare for bills and determine how to spend your income. You can also sync your info with other people’s devices to work together. Your information is stored safely and will only be shared with third parties under select circumstances, outlined in their privacy policy. (iPhone and Android app) |
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PocketGuard is an app for syncing your credit cards and other accounts to track how much money you can spend after considering bills and other expenses. You can view purchases and spending as well, and build a budget based on goals. You have the option to link your bank account to the app. Your information is stored safely and will only be shared with third parties under select circumstances, outlined in their privacy policy. (iPhone and Android app) (iPhone and Android app) |
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EveryDollar is a basic app for creating monthly budgets by entering your income and planned expenses. Log your spending to check how you are following the plan and make adjustments. Your information is stored securely and will only be shared with third parties under select circumstances, outlined in their privacy policy. (iPhone and Android app) |
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Zogo is an app for improving financial literacy and understanding of personal finances. Educational material is available on many different topics and you can review material at your own pace. Games and achievements can help make it enjoyable. Your information is stored securely and will only be shared with third parties under select circumstances, outlined in their privacy policy. (iPhone and Android app) |
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These are just few of the many apps out there to help you plan and manage your finances as well. Some – like Moneythink – use the power of technology to focus on helping students navigate the financial decisions related to selecting and attending college. And, as always, youth.gov features a wealth of resources on financial capability. You will also find a treasure trove of financial resources from the Consumer Financial Protection Bureau. All these resources can help you create budgets, improve your understanding of personal finance and achieve your finance goals.
