Managing your finances smartly is not a big deal today, as dozens of personal finance apps for smartphones are available in app stores. With the help of these apps, one can create a personal budget. Setting complex financial goals seems simple and easy to follow. Three of the most popular mobile apps are:
- YNAB
- HoneyDue
- Simplifi
YNAB – Personal Finance App for Budget Creation
YNAB is shortened for ‘You Need A Budget’. It is a paid personal finance app for budget creation with an annual subscription of $98.99. However, no payment is required to understand whether it is worth the price. A 34-day trial period is offered and you can establish if this software meets your budgeting needs.
A recent review published by CNET said, “The company takes multiple security measures, including using 128-bit encryption. Leveraging new security features to prevent certain types of attacks and offering a bug bounty program that rewards good hackers for proactively identifying security vulnerabilities.”
The app is best in the segment for its complete budget makeover features and strong customer service.
- It easily synchs with one’s bank accounts
- Prioritizes the security and privacy of users.
- It uses bank-level encryption to protect data.
Simultaneously, it offers a plethora of educational resources for users to understand personal finance better and learn some saving tips.
Reviews and Complaints: The YNB mobile banking app has a 4.3-star rating on the Google Play store. Amidst complaints of multiple installs, the app is strongly recommended by Wallet Hub with a 3.9 rating.
Honeydue -Personal Finance App for Couples
Honeydue mobile app is one of the most unique financial apps providing a platform for couples. Partners can manage their budget together with an option to continue individual finance.
A review published by Business Insider listed the app among the best budgeting apps for December 2024. The blog claimed that “Honeydue is featured in our best budgeting apps guide as the best option for couples.
“It’s a great option if you don’t want to pay a fee. It also allows you to have individual and shared finances.”
- The app links to bank accounts, credit cards, and investment companies.
- It facilitates dividing financial accounts, allowing you to choose which ones to share with your partner.
- Honeydue can be used to send reminders to pay bills.
One of the most loved features of this app is that it is completely free to use.
Reviews and Complaints: With over half a million users since 2017, Honeydue has earned itself a 3.9 rating on the Google Play store. However, the Apple Store has a better rating for the app at 4.5.
Simplifi – Best App for Subscription Management
For most users, Simplifi is a paid personal finance app created for subscription management. However, according to its creator, the app does a lot more. A recent Quicken blog post states:
“Simplifi will help you manage your finances, budgeting, spending, savings, credit, debt, investments, networth, refunds, subscriptions, retirement & more. Unlike other apps, Simplifi helps you create and track as many goals as you want across all of your existing accounts.”
Like most personal finance apps, it has an annual subscription of $47.99, a 30-day free trial period, and user-friendly features. It facilitates real-time updates of personalized spending plans and displays monthly spending balances.
One of the best features of Simplifi is how it easily syncs with bank accounts with error-free tracking of monthly bills and subscriptions. It monitors cash flow and helps reduce overspending. Some more pros are:
- Monthly payment of $5.99
- Strong cash flow tools
- Encrypts data
Reviews and Complaints: Simplifi has so far received 21 reviews on Trustpilot, with 20 giving the app a 5-star rating. Even though there were a few complaints about the accuracy of balances and bugs, the Forbes Advisor praised the app with a 4.8 rating.
There are many personal finance apps that are available for smartphones. YNAB, Mint, and Simpli are three of the best options.
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