5 Best Apps for Personal Finance in 2021

In recent years, personal finance apps have been a major trend. Finance apps (also called personal finance trackers, money apps, fintech, and other things) can monitor your spendings and savings. You can even track your income and expenditures. In other words, the use of these apps will allow you to organize your personal or business finances effectively. But, with so many apps out there, how will you know which is the best one? Here are the five best apps to manage your finances.

What Are Personal Finance Apps?

A personal finance app is an app that you can download to help you navigate all aspects of your finances on your smartphone or tablet. 

Such tools can help track your expenses, savings, and investments. They will even track bills correctly and keep you up to date on changes in your credit score. To see how your bank account funds are being spent, you can link financial planning apps to your financial institution, often through a separate fintech company called Plaid. They make it incredibly easy to keep accounts connected to make your whole financial life easier, too.

Personal finance software makes it easy to keep track of your on-the-go finances. Some finance apps have special features, like shared savings or investment accounts, bill alerts, auto bill pay, cryptocurrency exchanges, and even subscription management.

Manage Your Finances With Any Of These 5 Apps

Have you been worrying about your finances? Or perhaps you want to manage your budget properly? You should check out these apps listed below. Your finances can be organized in no time, and you can even set up that budget you’ve been meaning to get to, making you more efficient with your dollars and cents than ever.

1. Mint

Mint is one of the popular personal finance apps that you should try. Mint is best for beginner budgeters. Known for its time-tested approach, Mint helps you put all of your financial accounts into one location. You can also add your credit and debit cards to your account and connect them. 

Mint will draw your transactions after that, categorize them automatically, and reveal how you spend your money. You can check your finances anytime through the Mint app, and since it automatically generates a budget, it lets you know based on previous spending habits and average spending in that category, how much they spent on, for example, food, that month, and how much the service thinks should be spent. 

One great feature is that the budgets are adjustable. From inside the app, you can monitor your spending, create (and adjust!) your budget, and get bill notifications and reminders that allow you to see all your accounts in one space, checking, saving, and credit cards.

The app is available on both iPhone and Android.

2. You Need A Budget (YNAB)

YOU NEED A BUDGET (or YNAB for short) is another great app option for personal finance. Your finances can undergo a complete makeover in no time. YNAB provides the ability to synchronize your bank accounts, import your details from a register, or input every transaction if that’s more your speed.

YNAB is committed to improving your actions in terms of spending and investing. What they do is help you to allocate every dollar to either your savings or spendings. You can then put it into investment goals if there’s money left over. You can even plan and budget far into the future, if you want to get a jumpstart on the next decade or two.

In some cases, YNAB uses color-coding to indicate whether you are ahead or behind with your personal budget. These are for individuals who want to make substantial adjustments to their spending and saving habits. You can try YNAB for a FREE trial before you decide whether you want to continue with their paid services.

The app is available on iPhone, Android, Apple Watch, and more.

3. Personal Capital

Personal Capital scores high because the business provides some of the best free wealth-building instruments. Personal Capital enables you to sort your money and track it along the way. By listing recent purchases by category, the app provides you with a spending snapshot, much like Mint.

Additionally, you can configure your categories and see the percentage reflected by that category of total monthly spending. It’s a mix of effective budgeting and investment channels that make it easier to manage your money overall. Also, Personal Capital focuses on retirement investment and savings, which makes it similar to Wealthfront and Betterment. This app also serves as a net worth tracker and portfolio breakdown. 

In one location, you can merge your financial accounts to monitor your net worth, prepare with the Retirement Planner for the long term, and use the Fee Analyzer to review portfolio fees.

The app is available on both the App Store and Google Play Store.

4. PocketGuard

PocketGuard, a free financial app, connects your checking, credit, and savings accounts and detects recurring bills and revenue. You can track your revenue, expenditures, and savings targets because PocketGuard uses an algorithm to tell you how much you should spend every day. 

Then, by subtracting future payments, savings target contributions, and pre-budgeted money from your projected revenue, it illustrates how much is available for daily spending. This can help to significantly reduce overspending and make it easier for you to take charge of your short-term financial objectives and long-term goals.

Like other apps on this list, your checking, savings, and credit card accounts will need to be connected to get started. One nice feature: when your credit card payments are due, the app will see what you are spending and remind you. PocketGuard also characterizes your expenses automatically, but you can create unique categories and set limits for them as well.

The app is available to both iOS and Android users.

5. Goodbudget

Goodbudget is based on the old school “envelope system”, in which you divide your monthly income into specific categories of expenditure. The app allows the same account to be accessed through several devices, so spouses and family members can share a budget. 

Unlike most other apps, you don’t have to sync bank accounts with Goodbudget. As well as cash amounts and debts, you manually add account balances. You delegate money to expenditure categories, known as “envelopes”, with the accounts and revenue entered. You can use two devices on the free plan, or upgrade to the PLUS plan for $7/month, or $60/year, which gets you email support as well.

The app is available on both Apple and Google devices.


Many people aren’t aware of how much money they spend every month, making personal budgeting and spending changes difficult to manage or track. A financial app can help by organizing spending history into categories to identify trends, making users aware of their habits over time.  

If you want to work on your finances, then any app on this list can do wonders to make things simpler for you. These financial apps make it easy to monitor your expenses, track your savings, keep on top of bill payments, control your cash flow, and even invest towards the future and retirement.

Because of the services they provide and the tools incorporated into the apps’ functionality, we think these are the five best personal finance apps for people across the personal finance spectrum.

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