Whether you’re a spender or saver, sometimes financial planning can be a bit overwhelming. Luckily, technology allows you to carry a financial planner in your pocket. There are apps for everything, from helping you create a budget to alerting you when bills have to be paid. We’ve complied our favourite apps to help you save money and spend smart. And, because you shouldn’t have to pay for money management apps, they’re all free!
Mint is the ultimate money management app. This all-in-one platform streamlines your bank accounts and credit cards all in one place, making it easier to budget and track your spending. Mint updates your checking and saving accounts, and credit card transactions in real time and provides recommendations along the way, like how to save on fees. Not only can you create a budget to see how much you’re spending and on what, Mint also gives you charts and graphs so you can visualize what you’re spending, for example, on a weekly basis. You can set up financial goals like saving for a trip or car and find out your credit score. Plus, you can set up alerts to tell you if you’re going over budget, to remind you to pay your bills, and to identify suspicious account behaviour like unusual charges. Mint syncs with the web version, tablet, and Apple watch so you can access it anywhere.
The tried and and true envelope budgeting method has made its way to the digital world with Goodbudget. Divide your budget into categories and determine how much to spend in each. You’ll be able to plan and track your spending, plus save for big expenses. Create monthly envelopes like Rent, Car Payment, Groceries, and Entertainment and view your spending by dollar amount, percentage of your total, and even represented as a pie chart. See how much you have spent in your Eating Out envelope, and how much you have remaining for that month. It’s a great way to budget for couples because you can sync across multiple phones and the web. With Goodbudget, you won’t be surprised at what you have left over at the end of the month, because you’ll see your money gradually decline throughout. Stick with it and watch your Vacation envelope grow until you can finally afford the getaway of your dreams!
Known for creating fantastic employee expense reports to track costs like mileage, hotel stays, dining out, and office supplies to bill employers, Expensify is useful for personal spending as well. The “SmartScan” technology allows you to photograph and categorize your receipts and add information like amount, date, and merchant. You get unlimited receipt uploads and will finally be able to replace the paper stash that is taking up space on your desk. You’ll be able to quickly add cash expenses and build reports - and you’ll never lose a receipt again.
SnipSnap helps you save some serious cash by making sure you never forget a coupon at home. If you don’t have time to browse for coupons or forget to actually use them in-store, this is a great app to help you save money. Take a photo of printed coupons you come across and add it to your database. You can also search and save other people’s coupons that you may have missed. You’ll get convenient push notifications on your phone when your coupons are about to expire and when you arrive at a store you have coupons saved for. Redeeming in-store is easy - just have the cashier scan it at checkout. You’ll see recommended offers based on your location, past coupon history, and keywords that may be of interest to you.
Why not save a few extra cents on fuel next time you fill up the tank? GasBuddy lets you search for gas stations with the lowest prices in your area when you’re on the go. Find cheap prices based on your current location or search by city or postal/zip code in the USA and Canada. Find the rate, time it was last updated, gas station name, address, and distance. You can also report fuel prices to contribute to the listings, and earn points and gas cards in the process.
Whether you’re looking for something to help track your spending, manage your investments, or apps to help you save money with couponing and deal-spotting - take advantage of technology and find the money management app that works for you to save a few extra bucks. At Invisor, we can help you invest those savings so you can reach your financial dreams sooner!
Invisor offers Canadian investors personalized investment management solutions at a fraction of the cost of traditional advisor models, without requiring any minimum investment amounts. Get started now to tell us a little about yourself and your goals, and we’ll find an investment solution just right for you.
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