Top Six Apps for Managing Your Finances Without an Advisor

by September 14, 2016 1 comment

Managing personal finances is all about paperwork and numbers which makes it hard for some while easy for others.

It’s difficult to control the outflow of cash and there are times when people end up spending more than required. Modern personal finance apps can be a great tool for people to record and track their expenses.

Prioritizing your spending is important when it comes to map out your future plan.

Here we present top six apps for money management. With these apps, tracking your expenses and managing your money gets super easy and and intuitive.

mTrakr

mtrakr2

mTrakr helps manage your bank accounts, expenses, credit/debit cards, budgets, bills, reminders and documents all in one place. It automatically classifies your expenses into various categories like Food & Drinks, Shopping, Entertainment, Travel, Bills/Utilities etc., which makes it easier for you to view the spends in each category. Also you can get the entire picture at click of a button from this app.

If you have a receipt, then just click a picture and all the relevant details from the documents will be extracted automatically.

mTrakr app also helps you in identifying the areas wherein you are over-spending. Once these over-spend areas are identified it gives you suggestions on how to reduce these expenses over the time.

Top Features: Document Manager, 128 bit SSL security, Covers all major banks and billers.

 

Money Lover

moneylover

Money Lover helps you understand where your money goes, so you can plan to spend wisely. With this friendly and handy application, you can start to keep track of your spending and plan the budget accordingly.

Money lover is not connected to the users bank accounts which means that users have to manually input their recurring transactions or single transactions.

The app also allows you to add notes, contacts, picture, location, and reminders when adding a new transaction.

To monitor your spending, the App provides all the details in pie chart and bar graphs to help you identify trends in your net income.

Top Features: Totally independent, Cloud Syncing, In-depth reports, Multi currencies and multi wallets.

 

Chillr

chillr-use_fotor

Chillr is a multi-bank mobile banking app that allows users to send and receive money to/from anyone in their phone book. Chillr is different from online wallets as all fund transactions are between bank accounts.

Through this App you can easily make money transfers, recharges and utility bill payments all directly from your bank account.

Chillr allows you to access your money digitally without having to store it in a third party money app. Keeping the user’s security in mind all transactions made on Chillr are secured and protected by an MPIN. Apart from this, all transaction and banking data is secured by end-to-end HTTPS encryption.

This app provides free money transfer services to all customers. However, your bank may levy standard IMPS charges for sending money to other bank accounts.

Top Features: Request money feature, Chillr News feed.

 

MoneyWise

moneywise

With MoneyWise you can create budgets and monitor cash flow.

For more in-depth analysis of your financial situation you can easily export all data to your computer and import it to a spreadsheet application such as Excel.

Setting a budget is the best way to get a grip of your spendings. With MoneyWise budgets can be set on a monthly, weekly or biweekly basis with the option to shift the starting day of month or week. You decide yourself which transactions are included in each budget item using a filter.

MoneyWise supports tagging transactions with labels which makes it easy to track your category wise spending.

Top Features: No internet access required, no registration required, Graph expenses over time, Graph expenses by category, Tag expenses using labels, Filter by categories and labels.

 

My Budget Book

my-budget-book

My Budget Book is a great app whether you’re using it on your smartphone or tablet.

To get an idea of your expenses over the next couple of months use the individual transactions and recurring transactions feature. This feature allows you to see how much money you have available to spend. The app also gives you a graphical overview of the information, making it easier to plan purchases over the upcoming months.

The budget mode allows you to set various goals and for certain periods of time. You can also define limits for accounts such as credit cards or other types of payment. It also helps you to determine whether recurring budgets should be transferred to the next period.

Top Features: Offline availability (For security reasons, the app has no internet permission), CSV import, automatic backups in the cloud, No advertising.

 

Moneycontrol

moneycontrol

Moneycontrol helps you track the latest updates on Indian and Global financial markets on your smartphone. It covers multiple assets from BSE, NSE, MCX and NCDEX exchanges, so you can track Indices (Sensex l Nifty), Stocks, Futures, Options, Mutual Funds, Commodities and Currencies with ease.

With Moneycontrol, monitoring your portfolio across stocks, mutual Funds, ULIPs, and bullion becomes easy.

Get your daily dose of finance market news by hitting the News and Personal Finance sections. Apart from all this, Moneycontrol provides expert’s views, in-depth coverage and analysis of the financial markets.

Top Features: Text to Speech, Interactive and historical charts with Line, Area, Candlestick and OHLC charts types.

1 Comment so far

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  1. Tal
    #1 Tal 15 September, 2016, 03:47

    I use a personal finance app named Geltbox Money that eliminates the need for third party aggregation services.

    the user can aggregate his own data without exposing private data to any third parties /web site.

    This new technology enables the user to download his financial information from any financial institution in the world.

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