With these finance apps, your smartphone is practically your personal accountant. Here’s what you can download to help manage your money.
Apple App Store
There’s no shame in not being able to keep a detailed record of your finances. After all, not all of us are made to be accountants, and the numbers can get complicated when you factor in things like credit card bills, loans and savings. With Wally, you just need to input the numbers and, voila! – everything is automatically recorded and laid out in graphs, which is very helpful when you want to assess your spending habits and set savings goals. We love that there’s even a “Scan & Save” feature that lets you take a photo of your receipts for future reference.
If you often find yourself running low on cash towards the end of the month, you might want to consider a little strategy called “envelope budgeting”. In a nutshell, it means splitting your pay cheque into different categories like transport, food, bills, entertainment and savings for your monthly expenses. Use this app to draft your budget, track your spending and even save for big expenses like a holiday or that designer bag you’ve been eyeing.
It’s always so awkward to chase your friends or colleagues for money they owe you from a night out. Heck, sometimes, you even forget about it until you’re running out of money towards the end of the month. That’s where Splittable, an app that tracks group expenditures, comes in handy. The best part is you don’t have to play loanshark anymore, because the app automatically sends out notifications when it’s time to pay up (just make sure everyone involved has the app on their phones). Brilliant
Want to try your hand at the stock exchange, but not sure if you’ll suck at it? Instead of wasting your hard-earned cash to find out whether you’re competent at spotting market trends, why not start with a simulator first? Best Brokers is a stock market game based on real-time stock prices, so you can experience the thrill without the risk. Even if you make a bad investment, the most you’ll lose is virtual money (which can also be bought with real money if you go bust).