Please enjoy this guest post brought to you by We Know Money. As an iphone user, it gave me some really good ideas for apps I need to get!
iPhones give users a unified platform to handle many of their day-to-day tasks. For those who wish to track their expenses, the iPhone has several options that allow users to quickly and easily store records of their spending. Some of these apps offer advanced features, helping users to gauge the big picture of their spending habits. This collection of apps from We Know Money will reduce the amount of time users have to spent manually calculating their expenses and may help users discover areas in which they can save money.
ExpenseTracker, which costs $2.99, offers an easy-to-use app for managing one’s personal finances. Its simple interface allows users to input new expenses and even allows users to add income with the same interface. ExpenseTracker features informative and attractive bar graphs and pie charts that allow users to visualise their spending habits.
2) DebtMinder
The DebtMinder debt tracker, costing $1.99, is a tool to help users manage the task of paying off their debt. Its interface allows users to enter several types of debt categories, such as car loans, student loans and credit cards and charts their progress as these debts are paid. Advanced planning tools make it easy for users to judge their progress, and a tool calculates how much interest the user has avoided with their progress.
CashFlow Free, a free app, is a comprehensive personal finance app that tracks both spending and assets. Its interface is focused on providing instant updates to its user’s financial assets, and the interface shows the user’s balance at the bottom of the screen at all times. With analysis tools including a pie chart that shows how much the user spends on various categories of expenses, CashFlow can help users determine if their spending habits are appropriate or excessive.
DebtTracker Pro, which costs $1.99, is designed to help users track their progress in paying off multiple lines of debt. An overview screen shows users their total debt, and the ability to sort by debt amounts helps users prioritise their payments. Another screen displays how much of a particular line of credit is available and provides calculations of the monthly interest that credit lines will accrue.
5) Balance
Balance, a free app, is an expense tracking app that tracks its user’s cash, checking account balance and savings account balance. Its interface is designed to resemble a traditional, paper chequebook register, allowing users who are used to managing their balance the old-fashioned way to easily adapt. Balance is a great app for helping friends or family members who are reluctant to use newer technologies change their financial tracking activities to a digital device.
6) Spend Free
Spend Free, a free app, allows user to budget their available funds for various categories of spending. Colour-coding gives users a quick-to-read screen showing how much money is available for categories such as food, gadgets, gas and movies. As the funds are depleted, the green background becomes yellow as that particular budget shrinks and red if the user has overspent in that category. Another screen tracks spending by day, week and month and gives users a graphical representation of their changing spending habits.
Mint.com Personal Finance, a free iPhone and iPad app, may be the most popular personal finance app on Apple devices. With the ability to track incoming money and spending, Mint.com allows users to track their budgets with a clean, attractive interface. Mint.com can automatically login to banks and other financing websites, giving users automatic updates to their financial reserves. Mint.com allows the budgeting and tracking of several categories of spending, such as DVD rentals, fast food purchases and groceries. The app can also provide low balance alerts and financial budgeting tips.
8) Pageonce
Pageonce, a free app for the iPhone and iPad, is a personal finance app targeting bill payments and other expenses. Pageonce tracks its user’s balance, upcoming bills and spending while providing alerts about upcoming due dates. Its interface tracks when the bill was last paid and the user’s overall debt and investments. Pageonce even has a feature to track the user’s credit rating over time. With a thirty-cent upgrade, users can use Pageonce to automatically pay their bills from an account of their choosing.