Edgar Cervantes / Android Authority
I’m very organized when it comes to everything money-related. I always save a certain percentage of my income for a rainy day, invest regularly for the future, and try to stay on top of all the latest news on the financial markets to spot short-term opportunities. However, the road to achieving my financial goals is long and unpredictable, so I take any help I can get. I regularly rely on five apps that help me on my journey and have proven to be invaluable. Here’s why.
How many finance-related apps do you use regularly? 12 votes None 42 % Just one 25 % Two or three 17 % Four or five 17 % More than five 0 %
YNAB
Edgar Cervantes / Android Authority
It all starts with money management. I like to know exactly how much money I have at all times and where it’s at. So, how much is in my checking, savings, and investment accounts, and how much do I have stashed under the mattress, just in case. I also like to know exactly how much I’m spending on groceries, bills, transport, and entertainment, as that’s the only way to know if I’m going overboard in any of these categories.
You Need a Budget (YNAB) helps with all of this and more. For me, its biggest strength lies in a system of rules that power my budgets, giving me a framework for managing money. That’s different than most other money management apps where you’re kind of left to figure out everything on your own.
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For example, every dollar I make has to be given a job, meaning I put it towards something. Whether it’s paying the bills, saving for a rainy day, or buying a new computer. The genius lies in YNAB nudging me to prepare for bigger expenses that come once a year, for example. So if I know I spend $2,400 on my vacation every year, I put aside $200 each month. When the time comes, the money is there, and I don’t need to take it out of my savings account just so I can get that tan I dreamed about all year long.
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