Times are tough. Whether you earn a lot or just get by, watching where your money goes is important. There are several ways of doing this; but with all the modern technology surrounding us, many choose to manage their finances by using wireless.
The financial apps market is loaded with products for wireless devices. Some apps are made only for smartphones, while others can also be used for tablets. There are apps that are made for specific purposes (i.e. for saving on groceries or tracking mileage), while there are those that are more comprehensive and therefore offer a variety of functions and features like budget management advice and bill payment reminder. There are even apps made especially for children. With all these options, choosing often becomes a complicated task.
Since more and more people are now using tablets, app developers have come up with interesting products for use on these devices. Here are ten that you should consider.
1. Personal Capital
Personal Capital is favored by many because this free app not only helps them track their money and oversee their budgets, but also manages investments. Using an interactive graph, your investments can be categorized by asset class, investment account, or individual investment. Thus, it is easy for you to track the performance of your investments, allowing you to make the right decisions and picture future moves.
There is also a feature that can be used in managing your retirement plans, as well as a universal checkbook function. So if you are always on-the-go, you can still deposit checks. One of the app’s unique features, however, is its ability to perform deposit and fund transfers. You can check out a detailed review of Personal Capital here.
Expensify is best if you are a business owner constantly on-the-go. It efficiently tracks every expense you make even when you are traveling. The app has a simple and user-friendly interface that allows you to input all your expenses and receipts. You will also receive reports regularly. As is the standard for most money management apps, Expensify has features for scanning and taking photos of receipts.
One of the best features of Expensify is its ability to link some credit cards to your account. Once linked, all your purchases and payments will be added directly into the report. Best for iPad and Android tablet users, Expensify is free to use, but with a premium option to upgrade for larger companies.
One of the most popular apps in the market today, Mint.com should be your choice if you want something free but functional. Aside from tracking your spending, savings and earnings, this app also offers features like bill reminders and alerts on pending bills. Likewise, you will get free tips on how to save your money. It also has geo-location capabilities, which helps automate entry of transaction by matching a transaction to its point of purchase.
Mint’s analytical tools allow you to classify your bills and expenses into different categories. This makes it easy for you to identify where you may be overspending. Additionally, all your accounts are organized in one place, so it will be easy for you to monitor your cash and budget throughout the month. Mint also allows tablet owners to automatically sync across all platforms. And, no matter where you are or what time it is, you can view the status of your finances even when there is no Internet connection.
You can see our review of Mint.com here.
4. Hello Wallet
Aside from tracking your finances, Hello Wallet will also help you choose bank products that suit your needs, as well as offer spending advice and financial planning assistance. In addition, you will also get weekly budget updates, a rainy day savings plan and a weekly spending guide. Hello Wallet analyzes your average spending habits and uses this to suggest your budget amount.
The downside? After a free trial it costs $8.95 per month.
5. Easy Money – Expense Manager
Easy Money is an all-in-one app: checkbook register, money manager, budget planner and bill reminder. You will find the Home Screen Widget easy to use, especially when you need to view interactive graphs and check if you have notifications for overdue bills. The income and expense categories, as well as your monthly budget, are customized and user-defined.
What PageOnce does for you is consolidate your online expenses in one place. It connects to your credit cards, bank accounts, loans and bills. You see where your money is going through the monthly spending charts. If you love to travel, this app will be extra helpful as it also tracks frequent flyer miles.
PageOnce’s most interesting features are non-financial, though, like its ability to connect with Facebook and eBay.
7. Money for iPad
This app is for you if you prefer basic budgeting and financing functions. Your recurring expenses are shown in a calendar, and attractive graphs and charts help you manage your money. If you find a need to, you can sync all your data with your other iOS devices.
Money for iPad allows data back up through WiFi or iDisk.
8. iAllowance for iPad
This app is meant to help you help your kids track their money. It’s designed to instill in them the value of saving. It is also one way of knowing where your money goes as, well; your kids’ money comes from you.
Basically, you act like a bank and hold your kids’ money in different accounts. Your kids come to you when they need money for something. You can add an unlimited number of banks and assign an interest rate for each of them. There’s a separate transaction list for every bank. Useful features: automatic allowance payments, parental controls, and regular emails of money received and spent.
9. xPense Tracker
xPense Tracker is best for you if you don’t want to give out your bank login credentials. It is simple, well organized and easy-to-use. There are no complicated set-ups. Adding individual expenses is easy because they can be organized in a number of ways – depending on your preferences. You can also choose to take a photo of your receipts.
10. Budgets for iPad
A lot of iPad users like Budgets mostly because of its “futuristic design”. There are holographic charts, and your transaction lists are presented to you in the same interesting manner. This is definitely one way of building interest in money management.
Budgets for iPad’s most useful features: monitoring of underplanned and overplanned budget categories, customization and its ability to also function as a business finance management app.
These are just ten of the many tablet apps you will find in the market. There are still a lot of them that have yet to be discovered, especially since developers come out with new products regularly. Of the ten in this list, however, Mint stands out best for budgets and Personal Capital for managing investments.
Published or updated February 21, 2013.