

When we talk about personal finance apps we refer to those that help us manage our money when we aim to save.
Getting to the end of the month with a little money saved isn’t for everyone. There are people who are very skilled and capable of living life without missing anything and, at the same time, save a small amount of money to be able to make a good financial cushion. But these are isolated cases and most people are not able to save a penny cent and ends every month with the account in red.
If you’re one of those, the best thing you can do is trust a tool that does the work for you. Find out what are the best personal finance apps you can use to become a PRO saver.
Before discovering the most useful Apps that can help you when it comes to putting your finances in order, let’s see what kind of personal finance apps exist in the market and what are their characteristics.
EXPENSE CONTROL APPLICATIONS
Expense control apps are those that allow keep accounting of your income and expenses. Many of them allow what is known as banking aggregation which consists of synchronizing with your bank, that is, adding your bank account to the App to have all the information in one place. So, having all the data of income, purchases, transfers, the App will be able to calculate your expenses, classifying them automatically by category (eg purchases, trips, pharmacy, money withdrawals etc.). In this way you will have all the updated data and you will be able to see where you spend the most without being surprised at the end of the month.
If you’re wondering if it’s safe to connect your bank account with the app, you can relax. This is a very safe process as these are entities registered and regulated at European level and now with PSD2 it is even more difficult to receive alerts of fraudulent payments made behind your back.
I’m sure you’ve heard of it since it’s one of the mobile apps created in Spain most famous on the market as it was the first to allow the bank aggregation function.
Fintonic is available for Android and iOS and, among its most outstanding functionalities, we find the following:
Whallet is another application that helps to manage our personal finances and that, unlike Fintonic, allows the user to control cash spending.
Among its characteristics we find the following:
Similar to the above, Money Pro has the following features:
This app, available for free only for Android devices, allows you to classify expenses, make budgets and have a view of all our finances from one place.
SAVINGS APPLICATIONS
There are other types of financial Apps, which are in vogue especially among the youngest public, focused on saving since they allow to save the exchange with each purchase you make with a card.
That is, if you spend 1.20 for a bus ticket, for example, the app retains the remaining 0.80 (as if you had paid € 2) and stores it in its digital piggy bank, allowing you to save small amounts with each payment with card.
Coinscrap is a savings application whose main features are:
Another microsaving application similar to the previous one is Arbor.
It has the following functionalities:
Money Race 2, available only for Android devices, is an app that teaches you how to manage money to achieve your financial freedom.
It is inspired by the famous game Cashflow, by Robert Kiyosaki, and it is a very useful tool to learn to improve your skills in money and investment management.