Budgeting apps are coming up with solutionsWhat’s new in a budget app? Know these revolutionary features in 2024
The year is 2024, and we want a budget app that can do more than simply track the budget and measure expenses. No worries at all, because already the budgeting apps are evolving. Let’s have a close look at these evolving features.
Evolutionary features that a budget app of 2024 has
Android’s best budgeting app is something of its kind, because of so many features! These budgeting software are always coming up with such lucrative features that you will never need a finance assistant or a ledger book. Let’s get straight to these features.
Uses AI-based recommendations
These days the best budgeting apps in the UK are slowly transforming into human assistants, such is their power. Using Artificial Intelligence (AI), these apps are recommending better investment options. Users always want to interact with humans, and these budgeting apps have built-in AI chatbots for a humane conversation.
App developers in 2024 are aggressively integrating AI into daily app usage. In 2024, budget apps will be highly personalised so that users don’t feel they’re chatting with a machine. These apps have a very high market penetration rate.
Many start-up companies are also using AI in budgeting apps for large audience integration. Or simply to say you, people like you and us are finding AI extremely useful in these apps. Budgeting application start-ups are constantly fighting over the space of introducing AI in these apps and raising millions. AI is being used for
● Creating a personalised finance plan
● Integrating with bank accounts to suggest expenditure patterns
● Open banking benefit
● Personalised customer assistance by using ChatGPT
Property valuation
You will be surprised to know that these days, android’s best budgeting apps can evaluate your property accurately. Whatever real estate you may possess, and want a market realistic evaluation of it, modern-day budgeting apps are here. Don’t worry if you have tenants and want to hire a financial advisor to know your property value. You don’t need a broker or a financial advisor for this.
Your budget software is the genie that will accurately evaluate your property. You simply just need to enter the location details and estimated period for which you want value-based data. These apps deduct tax, show depreciation rates, and give you an estimated value that otherwise would have cost you much.
Early alerts
In 2024, the best budgeting app UK has one of the most advanced features: early alerts for all transactions. You will never fail bills, you will never miss out on an upcoming transaction, and you will save on late charges. Different budget apps have come up with push notifications, and alert you immediately when you’re exceeding your budget limit. Sometimes you may not keep note of your budget and spill over the cost, or be too late to pay your bills. In 2024, the budget apps are so advanced that they alert you of the following:
● Upcoming bills
● Missed/Late payment of bills
● Budget exceeded
● Inactive bank account
Maximum data encryption
Security is something that everyone is concerned about. Security concerns, especially in budgeting apps, are legitimate because private financial transaction history is very sensitive. Often people ask, is my budget app safe? Does it leak my data?
The short and long answer, both are no. Budget software uses advanced encryption and multi-layered hardware or biometric locks for safeguarding all your private information. Budget apps use 256-bit encryption, an externally high protection layer that makes apps immune to hacking. Some apps even use two-factor authentication too, which is one of the most advanced security features.
Top-performing budgeting apps
These are the top-performing Android best budgeting apps for 2024:
1. Figgwealth
Figgwealth is an advanced budgeting app that uses AI for wealth management and gives a complete financial portfolio of customers. Assessment of car value, property, and assets is effectively done by this app, so check this one out.
2. Everydollar
This one is a zero-based budgeting tool. This means, all your previous expenses will be automatically tallied and aligned with the new starting period. Sync, unlimited budgeting, and creating a savings backup make this one unique.
3. Pocketguard
Pocketguard has features such as an expense tracker, detecting potential fraud transactions, and automatic budget categorisation. This app uses an advanced algorithm that passes on early fraud detection and gives a detailed expense list.
4. Monarchmoney
If you’re looking for a real-time collaboration while budgeting, this app is for you. You can also sync and backup your data in this app to a secure cloud. If a category isn’t available, you can add it and enable automatic alerts.
Conclusion
We have given a list of the best budgeting apps in the UK and have extremely simplified this list for you. By using these apps, you can instantly view your weekly spending history with AI-based recommendations. Real-time sync, advanced budget planning, and complete security, so much is provided by these apps. So which one will you go for?