Financial Software Reviews From A Money Manager's Perspective

You may not be as confident in investing in financial software if you haven’t been given the right idea about its functionality and quality. There are times that you do invest and end up losing more than gaining a profit - no matter how much research you’ve done.

What if we told you that the following financial software applications that we are about to share have been reviewed by a reputable and respected manager?

They have not just purchased and invested in these software applications; they are currently thriving with the use and services that it has to offer. These recommendations and reviews are not meant to sugarcoat the overall functionality of the tool and it isn’t a form of endorsement either.

We believe that shared experience and realistic practices can mold and change an individual's perspective. If you have further knowledge and experiences with the tools mentioned, feel free to share them - there is always room for improvement and the “perfect” application or tool has yet to be invented. This is purely an opinion from someone’s perspective.

PocketGuard

PocketGuard is one of the applications that financial managers use to ensure that they are on top of their monthly bills. The app can track and detect billings that will remind you when they are due and how much you still have left to spend. You can even maximize the tool by setting your limits and allocating your savings. It will guarantee that your finances are on the dot and you aren’t spending more than what you have in your respective account.

Mint

The app is capable of tracking your financial accounts. There is a feature that allows you to get alerts that are synchronized with transactions that you have categorized. It assures the user that they are not going over their allocated budget and even pings you for suspicious transactions. Managing and monitoring your credit has never been this easy.

YNAB and EveryDollar

If you aren’t familiar with the term “zero-based budgeting” then this is the application for you. YNAB allows you to plan and track every dollar you earn. The application has paid features for you to connect to banks, set goals, contribute to your savings, and categorize your financial needs. In the end, you will surely get your money's worth.

Everydollar on the other hand helps you track your spending. We tend to spend beyond our budget when we get a hefty income. We would think that the income we earn is free-flowing and that what we spend will not affect us in any way. Everydollar allows you to manage and plan these expenses and will be capable of connecting to banks with its paid feature.

GoodBudget

Have you ever heard of the envelope system? It’s when you categorize your expenses and keep them in separate categories with an allocated amount labeled on them. Goodbudget does all of that and more through a virtual platform.

Honeydue

This application on the other hand is more suitable for you and your spouse. Those who share custody and finances. Both you and your partner will be given the leniency to manage your finances as a unit. Of course, there is a feature wherein you can limit what they see, however, it would be easier to manage who pays what with the envelope and category feature that the app has to offer.

Personal Capital

Primary an investment tool for entrepreneurs, however, it also has features that will work well with individuals. It combines investing and budgeting in one application. Making sure that you are covered financially in terms of paying and growing your investment, securing your expenses, and showcasing what you have left to spend. Overall it breaks down your “personal capital”.

Our Takeaway

These financial management tools have been made accessible to every user out there. The goal is to secure and manage your finances in the easiest way possible. We all want to live a luxurious life, however, if we aren’t financially stable, we will never enjoy such convenience. There may be a ton of applications and software out there that could be better than what was mentioned. You can share your ideas with us and we can make managing finances easier and better for everyone.

We can all live better lives. Contact us for more information or want to talk to any of our experts!