Have you ever wondered which tools or apps are the most effective when it comes to tracking and managing your savings? Whether you’re looking to achieve your financial goals or simply gain a better understanding of your spending habits, having the right tools at your disposal can make all the difference. In this article, we will explore some of the best tools and apps available to help you take control of your savings in a user-friendly and efficient manner. So, let’s dive into the world of finance management and discover the best tools that can guide you towards a brighter financial future.
Budgeting Apps
Mint
Mint is a popular budgeting app that can help you manage your finances effortlessly. It allows you to create a personalized budget based on your income and expenses, and tracks your spending in real-time. With Mint, you can link your bank accounts, credit cards, and bills to get a complete overview of your finances in one place. It also offers personalized insights and recommendations to help you save money and reach your financial goals.
YNAB (You Need a Budget)
If you’re looking for a budgeting app that puts a strong emphasis on planning and goal setting, YNAB is a great choice. YNAB follows a unique approach called the “Four Rules” that helps you allocate your money towards your most important expenses and savings goals. It keeps your budget up to date by syncing transactions from your bank accounts and offers educational resources to help you learn and improve your financial skills.
PocketGuard
PocketGuard is a user-friendly budgeting app that aims to simplify your financial life. It connects to your bank accounts and credit cards, tracks your spending, and categorizes your transactions automatically. PocketGuard also provides personalized spending tips and alerts to help you stay on top of your budget. One noteworthy feature is the “In My Pocket” feature, which shows you how much money you have left to spend after accounting for bills, savings, and goals.
Wally
Wally is a visually pleasing budgeting app that focuses on simplicity and functionality. It allows you to track your expenses, set savings goals, and manage your budget effortlessly. With Wally, you can take photos of your receipts and categorize your expenses in a few taps. It also provides insights and reports to help you analyze your spending patterns and make informed financial decisions. Wally is a great choice if you prefer a straightforward and intuitive budgeting app.
Expense Tracking Apps
Personal Capital
Personal Capital is an all-in-one financial app that offers expense tracking as one of its many features. It allows you to sync all your financial accounts, including bank accounts, investments, credit cards, and loans, to get a comprehensive view of your finances. With Personal Capital, you can track your expenses, analyze your cash flow, and even get personalized investment advice. It’s a powerful app for those who want to manage their expenses and investments in one place.
Expensify
Expensify is a popular expense tracking app that simplifies the process of documenting and managing business expenses. It allows you to capture receipts, track mileage, and categorize expenses with ease. Expensify also integrates with popular accounting software, making it easy to generate expense reports and streamline your reimbursement process. Whether you’re a freelancer or a business owner, Expensify can help you stay organized and save time on expense management.
Goodbudget
If you follow the envelope budgeting method or prefer a digital version of it, Goodbudget is the app for you. It helps you allocate your income into virtual envelopes for different categories, such as groceries, rent, and entertainment. Goodbudget also enables you to track your spending against each envelope, ensuring that you stay within your budget. The app allows you to sync your budget across multiple devices and share it with your family members, making it ideal for household budgeting.
Money Lover
Money Lover is a versatile expense tracking app that offers a wide range of features to help you manage your finances. It allows you to track your expenses, set budget limits, and even manage your debts and loans. Money Lover also offers built-in currency converters, bill reminders, and the ability to take photos of receipts. With its intuitive interface and comprehensive features, Money Lover is a reliable choice for users who want a customizable expense tracking app.
Investment Tracking Apps
Personal Capital
As mentioned earlier, Personal Capital is not only an expense tracking app but also a robust investment tracking app. It provides a holistic view of your investments, including your retirement accounts, brokerage accounts, and more. Personal Capital analyzes your investment performance, provides personalized recommendations, and allows you to compare your portfolio to market benchmarks. Whether you’re a seasoned investor or just starting, Personal Capital can help you keep track of your investments and make informed decisions.
SigFig
SigFig is an investment tracking app that focuses on simplicity and automation. It syncs with your investment accounts and analyzes your portfolio to provide insights and recommendations. SigFig also offers automated portfolio management, allowing you to set your investment goals and let the app handle the rest. It provides transparency and keeps you updated on your portfolio’s performance, making SigFig a convenient tool for tracking and managing your investments.
M1 Finance
M1 Finance is an investment tracking app that combines the features of a robo-advisor and a brokerage platform. It allows you to create a customized portfolio of stocks and ETFs and offers automated rebalancing to ensure that your portfolio stays in line with your desired asset allocation. M1 Finance also provides insights and recommendations to help you optimize your investment strategy. With its user-friendly interface and low fees, M1 Finance is a great option for DIY investors.
Stash
Stash is an investment tracking app that aims to make investing accessible and enjoyable for beginners. It offers a variety of investment options, including stocks and ETFs, categorized into themes like technology, healthcare, and sustainability. Stash provides educational content and personalized recommendations to help you make informed investment decisions. With its user-friendly interface and low minimum investment requirement, Stash is a great app for new investors looking to grow their portfolios.
Goal Setting Apps
Qapital
Qapital is a goal setting app that uses the concept of “rules” to help you save money towards your objectives. You can set up custom rules that trigger automatic transfers to your savings account when certain conditions are met. For example, you can set a rule to save a specific amount every time you make a purchase at a specific store. Qapital also offers features like round-up savings, where it rounds up your transactions and saves the difference. With Qapital, saving money becomes a fun and interactive experience.
SmartyPig
SmartyPig is a goal setting app that focuses on helping you save for specific targets. It allows you to create personalized savings goals, set target amounts, and track your progress. You can even invite friends and family to contribute towards your goals. SmartyPig offers competitive interest rates and ensures that your savings are FDIC-insured. If you need extra motivation and structure to reach your savings goals, SmartyPig can be a valuable tool.
Acorns
Acorns is a goal setting app that combines automated savings and investing. It allows you to link your debit and credit cards, and every time you make a purchase, Acorns rounds up the amount to the nearest dollar and invests the difference for you. You can also set up recurring deposits and earn rewards through Acorns’ Found Money program, where partner brands contribute towards your investments. With its user-friendly interface and automatic savings features, Acorns is perfect for those who want to save and invest effortlessly.
WiseBanyan
WiseBanyan is a goal setting app that offers a free robo-advisor service. It allows you to set savings goals and invest in diversified portfolios based on your risk tolerance. WiseBanyan offers automatic deposits, dividend reinvesting, and tax-loss harvesting to optimize your investments. The app also provides financial planning tools and personalized advice from certified financial planners. Whether you’re saving for a down payment, retirement, or any other financial goal, WiseBanyan can help you make progress towards it.
Automated Savings Apps
Digit
Digit is an automated savings app that analyzes your spending patterns and automatically saves small amounts of money for you. It connects to your bank account, monitors your income and expenses, and transfers money from your checking account to your Digit savings account. Digit aims to make saving effortless by analyzing your cash flow and saving money that you won’t miss. It also offers overdraft protection and a 1% annualized savings bonus. With Digit, you can watch your savings grow without having to think about it.
Empower
Empower is an automated savings app that goes beyond saving, providing a comprehensive financial assistant in your pocket. It helps you track your spending, manage your bills, and save money effortlessly. Empower also offers a high-yield checking account that earns you interest on your deposits. The app provides personalized insights and recommendations to help you optimize your finances. If you want an app that combines automated savings with comprehensive financial management, Empower is worth considering.
Trim
Trim is an automated savings app that focuses on reducing your bills and monthly expenses. It analyzes your accounts for recurring subscriptions and can negotiate lower rates on your behalf. Trim also helps you save money by canceling unused subscriptions and identifying potential credits or refunds. In addition, Trim offers a savings feature that automatically transfers money from your checking account to a separate savings account. If you’re looking to save money on your bills and automate your savings, Trim can help.
Chime
Chime is an online bank that offers an automated savings feature as part of its banking services. With Chime, you can set up automatic transfers to your savings account every time you get paid. It also offers a “Save When I Get Paid” feature that can automatically save a portion of your paycheck for you. Chime also provides other features like early direct deposit and no hidden fees, making it a convenient and cost-effective option for automated savings.
Expense Analyzer Tools
BillGuard
BillGuard is an expense analyzer tool that helps you track your spending and identify any fraudulent transactions. It securely connects to your bank accounts and credit cards, categorizes your expenses, and provides insights into your spending patterns. BillGuard also alerts you of potential fraud or suspicious charges, helping you protect your financial information. With its focus on security and expense tracking, BillGuard is a valuable tool for managing your finances and staying vigilant against fraud.
Truebill
Truebill is an expense analyzer tool that helps you identify and cancel unnecessary subscriptions and services. It connects to your accounts, lists all your subscriptions, and provides an overview of the total amount you’re spending on recurring services. Truebill also helps you negotiate lower rates, cancel unwanted subscriptions, and track your bills all in one place. If you want to regain control of your finances and reduce unnecessary expenses, Truebill can be a game-changer.
Clarity Money
Clarity Money is an expense analyzer tool that focuses on helping you save money and manage your bills. It analyzes your spending habits, identifies potential savings opportunities, and suggests ways to reduce your bills. Clarity Money also allows you to set up bill reminders and tracks your subscriptions. Its user-friendly interface and personalized insights make it easy to understand and improve your financial habits.
SaverLife
SaverLife is an expense analyzer tool that rewards you for saving money. It connects to your bank account, analyzes your spending, and provides tips and resources to help you save more. SaverLife also offers savings challenges and cash incentives when you reach your savings goals. With SaverLife, you not only gain insights into your spending but also get motivated to save and develop healthy financial habits.
Debt Payoff Tools
ChangEd
ChangEd is a debt payoff tool that helps you pay off your student loans more quickly and efficiently. It rounds up your everyday purchases to the nearest dollar and sets aside the spare change. Once the amount reaches $100, ChangEd applies it towards your student loan payments. It also offers additional features like personalized payment plans, budgeting tools, and even an employer contribution program. ChangEd can help you make a significant dent in your student loans without even realizing it.
Unbury.me
Unbury.me is a debt payoff tool that enables you to create a customized plan for paying off your debts. It helps you visualize your debt and try different repayment strategies to find the most effective one for your situation. You can enter your debt details, including interest rates and minimum payments, and Unbury.me will show you a payment plan that lets you optimize your repayments. Whether you have multiple debts or just one, Unbury.me can help you stay focused and motivated on your debt payoff journey.
Debt Payoff Planner
Debt Payoff Planner is a debt payoff tool that allows you to create a personalized plan to get rid of your debts. It helps you prioritize your debts based on various strategies like highest interest rate or lowest balance. Debt Payoff Planner also calculates the optimal payment amounts and shows you a timeline of when you can become debt-free. With its comprehensive analysis and customizable options, Debt Payoff Planner can assist you in creating a clear path towards becoming debt-free.
ReadyForZero
ReadyForZero is a debt payoff tool that combines debt tracking, budgeting, and goal setting. It allows you to link your accounts, track your debts, and create a repayment plan. ReadyForZero helps you understand the impact of different payment strategies, and it provides personalized tips to accelerate your debt payoff. It also offers credit score monitoring and educational resources to help you improve your financial health. ReadyForZero is a valuable tool for those who want a comprehensive approach to debt management.
Savings Calculator Tools
Bankrate Savings Calculator
The Bankrate Savings Calculator is a powerful tool that helps you calculate your savings growth over time. You can input your initial deposit, monthly contributions, interest rate, and the time horizon, and the calculator will provide an estimate of your future savings. The Bankrate Savings Calculator allows you to visualize the impact of different saving strategies and adjust your financial goals accordingly.
NerdWallet Savings Calculator
The NerdWallet Savings Calculator is a straightforward tool that helps you determine how long it will take to reach your savings goals. You can input your financial goal, monthly contributions, and the interest rate, and the calculator will provide an estimate of the time required to achieve your goal. The NerdWallet Savings Calculator is a handy tool for anyone looking to save for a specific target, whether it’s an emergency fund, vacation, or down payment.
SmartAsset Saving Goal Calculator
The SmartAsset Saving Goal Calculator is an interactive tool that helps you set realistic savings goals. It takes into account your income, expenses, and desired timeline to provide personalized recommendations. The SmartAsset Saving Goal Calculator also offers tips and strategies to help you make progress towards your savings goals. Whether you’re saving for a wedding, education, or retirement, this calculator can assist you in setting achievable targets.
CNN Money Saving Calculator
The CNN Money Saving Calculator is a comprehensive tool that helps you analyze your savings and investment options. It allows you to input details such as the initial deposit, contribution frequency, interest rate, and investment duration. The calculator provides a detailed breakdown of your savings growth and helps you compare different investment scenarios. The CNN Money Saving Calculator is a valuable tool for those seeking to optimize their savings and investment decisions.
Expense Sharing Apps
Splitwise
Splitwise is an expense sharing app that simplifies the process of splitting bills and expenses with friends and roommates. It allows you to create groups, add expenses, and calculate the exact amount owed by each person. Splitwise also sends reminders and notifications to make sure everyone settles their debts. It keeps a running balance, so you can settle up with a single payment rather than managing multiple transactions. Whether you’re going on a trip with friends or sharing expenses in a household, Splitwise is the perfect app for seamless expense sharing.
Tricount
Tricount is an expense sharing app that makes it easy to split bills and expenses among friends, family, or coworkers. It allows you to create a group and add expenses, and automatically calculates how much each person owes. Tricount keeps all the participants updated in real-time and provides a clear tally of each person’s share. It also supports multiple currencies and allows you to export expense reports for reimbursement. Tricount simplifies the process of sharing expenses and ensures fairness and transparency for all participants.
Splittr
Splittr is an expense sharing app that focuses on simplicity and ease of use. It allows you to create a trip or event, add expenses, and split the bill among participants. Splittr calculates the exact amount owed by each person and provides a summary of the total expenses. It also supports multiple currencies and allows you to export the expense report. If you’re looking for a straightforward and hassle-free app to split expenses, Splittr is a great option.
Shareabill
Shareabill is an expense sharing app that helps you split bills and expenses among friends, roommates, or colleagues. It allows you to create a group, add expenses, and assigns each participant’s share. Shareabill also supports recurring bills and allows you to track who has paid and who hasn’t. It generates detailed reports and even sends reminders to participants to settle their debts. Shareabill streamlines the process of expense sharing and ensures that everyone pays their fair share.
Personal Finance Blogs
The Penny Hoarder
The Penny Hoarder is a personal finance blog that aims to help readers make and save money. It covers a wide range of topics, including budgeting, side hustles, frugal living, and investing. The blog offers practical tips, inspiring success stories, and expert advice to help you improve your financial situation. Whether you’re looking for ways to earn extra income or save money on everyday expenses, The Penny Hoarder provides valuable insights and resources to enhance your financial well-being.
Money Under 30
Money Under 30 is a personal finance blog that caters to young adults who are just starting their financial journeys. It covers topics like budgeting, credit cards, student loans, and investing in an easy-to-understand manner. Money Under 30 provides comprehensive guides, informative articles, and actionable tips to help young adults make informed financial decisions. Whether you’re looking for guidance on managing your debt or planning for the future, Money Under 30 has the resources you need.
NerdWallet
NerdWallet is a personal finance website that offers a vast array of financial tools, advice, and resources. It covers various topics, including banking, credit cards, mortgages, and retirement planning. NerdWallet’s blog section provides articles on a wide range of personal finance topics, offering in-depth analysis and expert insights. The website also offers comparison tools, calculators, and personalized recommendations to help you make smart financial choices. NerdWallet is an invaluable resource for anyone looking to enhance their financial knowledge and improve their financial health.
My Money Blog
My Money Blog is a personal finance blog that focuses on a range of topics, including frugality, investing, and real estate. It offers practical advice, detailed analysis, and personal experiences shared by the blog’s author. My Money Blog provides insights into the author’s own financial journey and offers actionable tips to help readers achieve their financial goals. Whether you’re interested in passive income strategies or long-term investing, My Money Blog can inspire and educate you on your path to financial success.
In conclusion, there is a wide range of tools and apps available to help track and manage your savings. Whether you’re looking for budgeting apps, investment tracking apps, goal setting apps, or automated savings apps, there’s something for everyone. Additionally, expense analyzer tools, debt payoff tools, savings calculator tools, and expense sharing apps can further assist you in managing your finances effectively. Lastly, personal finance blogs provide a wealth of knowledge and resources to enhance your financial literacy and guide you on your path to financial success. With these tools and resources at your disposal, tracking and managing your savings has never been easier. Start exploring the options and take control of your financial future today!