Five of the best … money managing apps

Over indulged on a little bit more than just your mum’s sherry trifle at Christmas and now feeling the pinch? We hear you! But fear not, we’ve scoured the app stores to find the best apps to get your finances in tip-top shape this January.

Mint

Mint has been around for some time and is still one of the most popular money-management apps downloaded from the App Store and Google Play Store. Mint makes it easy to organise your finances and see where you’re loosing money on an on-going basis, it can also alert you if you’re going over your monthly budget. It has a nice, easy-to-use dashboard that displays all your income and expenditure and savings goals.
 
 Price: Free
 Available for: iOS, Android.

PayPal

If you’re a PayPal user – and who isn’t at this stage – the PayPal app is a must for tracking your online payments, transferring funds to friends or family and managing your ‘digital wallet’. If you upload a photograph of yourself to the app you can even pay for goods and services in a number of local businesses. While the list of businesses that accept the PayPal app is currently quite small, it is growing all the time, and already includes popular vendors like Coffeeangel in Dublin. 
 
 Price: Free
 Available for: iOS, Android, Windows.

BillGuard

Worried about fraud when paying online? BillGuard can help. Winner of the ‘Best Finance App of 2014’ on the Google Play Store, as well as offering transaction overviews and spend analytics, on BillGuard you’ll also be able to track your card and receive alerts if your card is being used away from you –i.e. If you’re in Dublin but your card details are being used in Brussels – or in a suspicious manner. You’ll also receive alerts if your personal details or card is being sold online, or if you’ve shopped at a merchant during a period when it was hacked.
 
 Price: Free
 Available for: iOS, Android.

Expensify

If, like us, you have a handbag or drawer full of old receipts that you can no longer read, nevermind file, then Expensify is for you. Particularly popular with freelancers and business travellers, with Expensify all you have to do is take pictures of your receipts as you get them and select a report to ‘file’ the receipts to. So for instance if you’re a business traveller on the road a lot you might have a lot of fuel receipts or want to easily track your mileage on the go – use your phone’s GPS or just take a picture of your odometer. At the end of the week, month or year all you have to do is click a button and all your expenses are sent directly to your manager or accountant – easy!
 
 Price: Free (requires an in-app subscription for extended use)
 Available for: iOS, Android, Windows.

YNAB

Finally, and if all else fails, it’s time for some real talk with YNAB (You Need a Budget). It does exactly what it says on the tin and offers you a budget on-the-go. If you want to get strict with your finances this year, YNAB is the app for you. Check your category balances before having that third drink while out with friends on a Friday night – if you haven’t budgeted enough for socialising you’ll know it’s time to call it a night; or monitor a joint account so you’ll know if one of you is spending money on treats when he/she should be paying the electricity bill!
 
 Price: Free (requires an in-app subscription for extended use)
 Available for: iOS, Android.

Originally published at www.idmobile.ie on January 12, 2016.