The rise of mobile technology has come a long way since Martin Cooper with the DynaTac back in 1973 – which measured about 9 x 5 x 1.75 inches, weighed 2.4 pounds, had a lifespan of 20 minutes, and takes about 10 hours to fully charge. Back then, it was just literally a mobile telephone!
Fast forward 40 years, mobile phones are now like handheld computers, having the capacity to process large volumes of data and information, as well as read and use special programs we affectionately refer to as apps. These wondrous softwares play a vital role in our daily operations and virtually all aspects of life. But did you know that there are applications that can actually help you in managing your finances?
1. Mint (iOS, Android, Windows Phone)
With over 15 million users, Mint is a simple personal financial program that’s web-based, free, and easy to use. Mint is helpful for things like budgeting, creating goals, and aggregating all your financial accounts in one place. What’s great is that you can also create separate categories for your spending to better keep track of where your money goes. You can set up bill reminders to prevent overdue penalties. Mint is passcode protected and only reads your information, meaning you can’t do banking transactions with the app. How’s that for safe and secure?
2. BillGuard (iOS, Android)
BillGuard works as a safety companion to your regular finance app. Along with organizing and keeping track of your expenses, it provides protection from credit card fraud and identity theft. It not only sends notifications on new purchases, it also alerts you on dubious purchases like if your card is used at a store without your permission. Because a passcode for the app isn’t enough, BillGuard uses bank-level security to protect your data.
3. Spendee (iOS, Android)
Spendee is a well-designed app that tracks your spending in the simplest way possible. You can indicate whether you have added cash or taken it away and then choose from a selection of categories which best describe how you earned or spent the money. The advanced features also include the ability to add a photograph. You can be smart here and take a picture of your wage slip or receipts from every purchase – a perfect way to keep everything together in one place. The handy feed option lists everything you have entered – which can either alarm or comfort you. On top of all these, Spendee is user-friendly and its presentation is spot on.
Being frugal is different from being cheap. Spend and save your money wisely. Do you know other apps that are perfect for keeping track of finances? Share them with us in the comments.