Financial management can sometimes be a bit tough as it involves dealing with various expenses, investments, and long-term goals. Technology has been this much-needed solution with the creation of financial planning apps. These apps aim to make it easier for an individual to organize, track, and optimize his financial activities. Moreover, all of them cover all facets from budgeting and investing to tax planning with different features for every need in finances.
In this blog, we will delve deeper into the 10 best financial planning apps for 2024. You might be looking for apps that help you manage finances, track investments, or even create tax-efficient strategies, and these apps will guide you through your goals in financial management. Let’s get into these amazing apps that change how we manage our money.
Best Finance Planning Apps at a Glance
It is overwhelming enough trying to keep up with personal finances at today’s pace without the proper tools. These apps help keep all aspects of finances in check in the most intuitive manner possible. Presented below are the best financial planning apps in this regard:
| S.N. | Apps | Best for | Pros | Cons | Price | Ratings |
| 1. | YNAB | Flexible money management | Provides 34-day free trial | No free version after the trial period | $9.08/month, $109/year, $14.99/month plan | 4.8/5 |
| 2. | Acorns | Long-term retirement investing for individuals | Lets you to start investing with just $5 | No direct access to Bitcoin investments | Bronze $3/month, Silver $6/month, Gold $12/month | 4.7/5 |
| 3. | EveryDollar | Structuring giving, saving, and spending | Unlimited budgeting categories | Limited features in the free version | Free, $17.99/month or $79.99/year | 4.7/5 |
| 4. | PocketGuard | Detail-oriented budgeters | Lots of features with the paid versions | Useless without a bank account linking | Free, $6.25/month or $74.99/year, $12.99/month or $155.99/year | 4.6/5 |
| 5. | Monarch | Tech-savvy personal investors | No in-app ads or credit card offers | Steep learning curve due to extensive features | $5.83/month, $69.99/year | 4.4/5 |
10 Best Financial Planning Apps
Moreover, the increasing complexity of tracking expenses, investments, savings goals, and taxes has made financial planning apps indispensable. Here are the best financial planning apps given at your convenience below:
1.YNAB: YNAB or You Need A Budget is a popular budgeting application that helps individuals gain, it is amongst the top apps to manage finances using a zero-based budgeting system. It gives every dollar a job, either towards saving, investment, or paying for other expenses.
Salient Features
- Syncs your budget across all devices to have the most up-to-date information wherever you go.
- Offers various budgeting tutorials.
- Assign every dollar you receive to specific categories so that full control over the spending.
- Tracks and manages debt payments to help you better prioritize and pay off debt.
- Giveaway a 34-day free trial so you can experience the features before committing to a subscription.
Why you should consider this app?
YNAB is ideal for those who want control over their finances with a clear strategy for their budgeting. The zero-based budgeting approach of the app helps in identifying every dollar for some purpose. Its complete toolset and educational resources guarantee users’ improved financial literacy and the creation of a budget according to their needs.
2.Acorns: It is one of the best investment applications that automatically invests loose change by rounding up purchases to the nearest dollar and investing the difference. It is perfect for beginners who want to begin investing with little or no effort.
Also Read: Budget App to Replace Mint.
Salient Features
- Round up purchases to the nearest dollar and invest the change.
- Automated portfolio management with low fees.
- Personalized investment strategies based on risk tolerance.
- Open retirement accounts, including an IRA, and 401(k).
- Low minimum investment starting at $5.
Why you should consider this app?
Acorns lets the user automatically round up his or her purchases and invest that spare change. For retirement savings with their IRA and 401(k) accounts, the app is good too with low fees and investment strategy according to the risk tolerance of users.
3.EveryDollar: The EveryDollar app is the tool for budgeting one’s income to a zero-based budget. In this app, every dollar earned gets allocated to some use in saving, paying off debt, or spending. This is one of the best apps for investors looking to control and optimize their financial goals through careful budgeting.
Salient Features
- Zero-based budgeting accounts for every dollar.
- Easy-to-use interface with interactive visual budgeting.
- Link bank accounts for automatic updates (premium).
- Create unlimited budgeting categories.
- Provide educational budgeting resources.
Why you should consider this app?
EveryDollar helps clients ensure that every dollar they earn has been spent on a particular area, be it bills, savings, or the repayment of debt. Its user-friendly interface and the ability to make unlimited categories help keep budgeting easy and very organized while developing the skills required to take care of your budget better.
4.PocketGuard: PocketGuard helps the user track his spending by showing him available disposable funds after all the bills and savings or goals of that month. It is ideal for users in need of a quick and simple overview of their finances. This is among the top apps for investors who want a clear picture of their remaining cash after monthly expenses.
Salient Features
- Shows available funds that can be used after considering all the bills and savings goals.
- Automatically categorizes transactions.
- Set up custom savings goals and monitor progress.
- Contains alerts for when one is reaching budget limits.
- Sync with various bank accounts to maintain an up-to-date record.
Why you should consider this app?
PocketGuard is good for people who just need an overview of their finances. This application will track spending according to how much disposable income they have left after paying all the bills and saving goals. It auto-categorizes transactions, allows personalization of savings goals, and even sends alerts as you approach your budget limits.
5.Monarch: Monarch is an all-around financial management platform that can help users track both budgeting and financial goals in one specific space. Additionally, it is the best app for investments in terms of optimum utilization of your money with good returns. It uses advanced eWallet App Development Services to integrate investment tracking and goal-settings.
Salient Features
- All-in-one platform for budgeting, tracking investments, and setting financial goals.
- Real-time syncing across devices.
- Collaborative tools for best tax planning software for financial advisors
- No in-app ads or promotions.
- Customizable categories and tags for transactions.
Why you should consider this app?
Monarch is a fantastic all-in-one platform for managing the full swing of finances: budgeting, investments, and then your goals. This would be ideal for a family or individual who wants to maintain control over their financial life in real-time. It is excellent for the tech-friendly user, as it boasts customizable categories and collaboration tools.
6.HoneyDue: HoneyDue is an app built to bring couples closer by monitoring finances together. It accounts for shared expenditures, bills, and savings goals to simplify communication between partners regarding finance. It also functions as an essential piece of financial planning software for personal use.
Salient Features
- Track both individual and shared finances.
- Bill reminders and due date notifications.
- Expense splitting and categorization for shared expenses.
- Privacy protection with secure password features.
- Available on both iOS and Android devices.
Why you should consider this app?
HoneyDue is a perfect choice for couples to manage funds together. It makes things easier to track shared costs, bills, and saving goals because it gives visibility to your finances to both partners. Therefore, its features such as bill reminders, expense splitting, or even customizable categories ensure both partners are on the same financial page.
7.Fudget: Fudget is a very basic and simple budgeting application. It is excellent for those who just want to keep track of their incomes and expenses and do not need to automatically import from bank accounts. It is ideal for simple users.
Salient Features
- Simple and intuitive user interface.
- Income and expenditure tracking is done manually.
- Budget categories are customizable.
- It can be accessed as a web-based interface and mobile application.
- No need to link bank accounts which means full control over privacy.
Why you should consider this app?
Fudget will be a good option for individuals who prefer a minimalistic, bare-bone budgeting approach. If you don’t want to connect separate bank accounts or scroll through advanced tools to find the Best Money Management Apps, this is perfect for you.
8.Spendee: A very visually intuitive budget and expense tracking application that can be used for both personal and family budgeting. It integrates with bank accounts and allows customized expense categorization.
Salient Features
- Use visual graphs and charts to track spending and savings.
- Over 2,500 banks worldwide can be synced with your application.
- Allows for the creation of a wallet for various types of spending, like traveling, and bills.
- Capability to create and manage shared wallets for family or group budgets.
- Customizable categories and expense tracking.
Why you should consider this app?
Spendee is perfect for users who want to see budgets and expenses in a visually interesting way. Easy-to-understand charts and graphs allow tracking the spending in a more intuitive way. It offers features such as synchronization of more than 2,500 banks around the world, custom categories, and shared wallets that can be created for family or group budgeting.
9.Goodbudget: Goodbudget is an envelope budgeting application in the digital space that allows the user to manage his money by assigning it to virtual envelopes. In addition, it is an excellent example of how to Develop Budget-Friendly Mobile Apps that focus on user empowerment and simplicity can be used to control finances
Salient Features
- Envelope budgeting system to allocate money for different categories.
- Multi-device syncing for family or household use.
- Track savings goals and monitor progress.
- Manual entry of income and expenses.
- No bank account linking, ensuring full control over financial data.
Why you should consider this app?
Goodbudget is for users who love the envelope budgeting system but prefer a digital application. This app allows you to distribute funds to various categories (envelopes) and monitor your spending. It is best for those who want to manage their finances manually but still enjoy the benefit of syncing on multiple devices for household or family use, without the need for linking a bank account.
10.Buddy: Buddy is an expense-sharing app designed for couples, families, or small groups, where people can develop and manage budgets, make savings goals, and also share financial information with others. It is one of the Best Budgeting Apps for everyone.
Salient Features
- Share budget and expenses with multiple users.
- Users can customize categories and color schemes to easily keep track.
- Track and Manage Personal and Shared Financial Goals.
- Ease the process of tracking your expenses through categorization.
- Synchronize the devices to be on the same page as everyone.
Why you should consider this app?
It tracks each member’s shared expenses with the ability for goals on savings and automatic categorization of spending on certain items, thus streamlining each member’s budget understanding through integration onto virtually every device simultaneously without affecting access to it in every respect.
Conclusion
With the right financial planning app, the complexity of managing your finances can become much easier. You want to track spending, optimize investments, or know how to plan for taxes. There is an app for the bill. The best financial planning apps of 2024 include powerful features that help you make financial decisions, save for the future, and manage your daily spending. They facilitate easy tracking of your finances, but these apps also provide educational resources and personalized advice meant to benefit users from all facets of financial profiles. Leverage the power of these apps to take control of your financial health and work towards achieving long-term goals.
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FAQs
- What is the best investment app for beginners?
Acorns and Betterment are the top two Best Investment Apps for Beginners. Both offer very easy automated investment solutions that help you with just beginning personal finance.
- Are there other apps for tax planning, too?
Yes, applications such as TaxSlayer help to plan and file your taxes; hence, they make fantastic tools for tax management.
- Are these investment apps free?
Many of the above-listed best financial planning apps offer free versions such as Mint, YNAB, and EveryDollar, but YNAB and Betterment have a paid version that includes more features.
- Do these apps let me track my investments?
Yes, Personal Capital, Betterment, and Wealthfront, among others, have rich feature sets to track your investments and help you with your retirement plans.
- How do I select the most suitable financial planning app for my purposes?
The best app for you will depend on your financial goals. If you’re focused on budgeting, Mint or YNAB are great options. For investment management, Betterment or Wealthfront are top choices.
