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Money Management in Modern Times: Top Apps to Keep Your Finances in Check

Money Management in Modern Times: Top Apps to Keep Your Finances in Check

Money management can be stressful when there are so many expenses to keep up with at once. Exploring some of the top money management apps out there may help you find new ways to take control of your money. Modern money management involves a variety of digital solutions for budgeting and tracking your spending to make finances easier. However, if you are struggling with bankruptcy-related concerns, then talk to a Tullahoma bankruptcy attorney to learn more.

Do I Really Need Money Management Apps?

You might be wondering if money management apps are worth exploring. Looking at money management app pros and cons may help you figure this out for yourself. Money management apps can be beneficial in multiple ways like:

  • Simplifying your finances

  • Helping you budget

  • Tracking spending in real time

  • Letting you see your financial patterns

These benefits can work together to help you take more control of your spending. Seeing how much money you are spending and saving each month can help you prioritize where to put your money. The best part about money management apps is how quickly they can help you do this.

The cons of money apps revolve around finding apps you can trust with your financial information. Also, at the end of the day, these apps cannot magically fix your financial problems. Saving money and cutting costs is still up to you to take action.

Top Money Management Apps

The top money management apps include Mint, PocketGuard, EveryDollar, and Wally. Mint is the best-rated money management app out there because of the speed and ease of using this app to track your spending. By connecting your bank account, Mint can continuously track your spending and income for you.

Not only that, but Mint gives you reminders of upcoming bills and when your money is running low. This helps prevent overspending and late fees. PocketGuard works similarly by showing you how much money you have left to spend in a pie chart of your expenses.

EveryDollar offers the option to input your finances yourself or to connect to your bank to do this automatically. The goal of EveryDollar is to assign every monthly dollar to something by the end of each month. Wally shows a visual overview of spending and lets you connect with joint banking if you share an account with someone like a spouse.

There are several other money management apps out there to explore. Other apps may target more specific goals. For example, the Acorns app lets you invest spare change into investment accounts while Simplifi bases your spending on savings goals created by you. Choosing the best app for you may depend on your financial goals and preferences.

Contact Tom Bible Law for Legal Aid

Do not panic if you find yourself in a tricky financial situation. You can contact us at Tom Bible Law by dialing (423) 424-3116 for a consultation today about your legal options related to bankruptcy. Our legal team of Tennessee bankruptcy lawyers is ready to help you figure out what you can do to improve your financial situation. We are located in the Tennessee cities of Chattanooga, Kingsport, and Tullahoma.

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