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Looking to take control of your finances in 2019? These 6 essential personal finance apps will help you get there. Explore 2019’s best applications for wealth accumulation, investing, expense tracking, budgeting, cash transfers, and travel rewards.
I have personally used all of the apps listed below and many of them on a daily basis. If you’re looking to improve your financial position, gathering the right tools is a great place to start.
6 Essential Personal Finance Apps for 2019
When it comes to tracking net worth, Personal Capital is the clear front-runner in the industry. With over 2 million users, this free, easy-to-use application aggregates all of your financial data and helps to track your spending, net worth, and portfolio allocation.
In less than 10 minutes, you can connect all of your accounts and holistically understand your financial position in a single snapshot. I personally check my Personal Capital account every morning to make sure that all my finances are in check. Keeping track of your money has never been easier. Sign up for your free account here!
Founded in 2015, M1 Finance has revolutionized the investment game. The online investing platform is completely free and offers robo-advising and asset reallocation features. It is an intuitive, easy-to-use tool for managing and growing wealth. There are absolutely no commissions and it’s highly customized.
You can invest in a number of pre-built portfolios called “pies” or select your own custom portfolios of stocks and ETFs. Whether you’re setting up a brokerage account, IRA, or a trust, M1 Finance is a fantastic option. Check out my M1 Finance Set Up Guide to get started.
While Personal Capital is better for understanding your entire financial position in a snapshot, Mint is designed to track your everyday spending habits. You can link your credit cards and bank accounts to get live updates for every transaction.
You can also manually enter your expenditures if you pay in cash or if you don’t want to connect your accounts. The app will allow you to seamlessly track your spending, build a budget plan, and export customized spending reports. The Mint app is friendly and intuitive for any user.
If you’re the type of person who needs a budget to keep their finances in order, YNAB is a godsend. The platform is designed around the zero-based budget where every single dollar you earn is given a specific “job”.
Once you designate a job category for each earned dollar, YNAB will help you to track these categories using a simple color-coding system. To track your transactions, you can choose to either link your accounts or enter them manually. I’ll admit, there is a learning curve to this app, but many people within the personal finance community swear by it.
YNAB costs $7 per month or $84 per year. Fortunately, you can experiment with the app using their 34-day free trial (no credit card required) before pulling out your wallet.
Acquired by Paypal in 2015, Venmo is the best peer-to-peer cash transfer app on the market. After you connect your bank account, the app gives you the ability to seamlessly send and receive money at the click of a button. The free bank transfers usually take between 1-2 business days, depending on your bank. Or, if you need the money immediately, you can pay a 1% premium for an instant transfer.
I have been using Venmo for several years and it has honestly made my life 10x easier. No more awkward bill splitting at lunch. No more “I’ll pay you later”. Just fast, easy money transfers.
If you’re into collecting miles and points to travel the world for free, then you’ll love Award Wallet. Ever since I started with travel rewards, this app has been phenomenal for keeping track of all my points and credit cards.
After you connect your cards, the Award Wallet dashboard will display your total points, expiration dates, and point types. Another cool feature is the ability to link accounts. Since I mainly travel with my girlfriend, Lauren, we linked our Award Wallet accounts and now can see our combined points balance on one dashboard.
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