Thanks to ongoing advances in personal computing and information technology, personal finance and money management has become easier than ever. Gone are the days when pencil and paper along with Microsoft Excel were the best personal finance tools at your disposal. These days, you can access a full range of apps to manage your money, and a few of them are free to use. Trusted financial advisor Jan Gleisner has compiled a list of eight financial management tools you can start using today.
If you’re familiar with Quickbooks software for business, you will likely recognize the intuitive interface of Quicken, which can be accessed through a browser, installed on a PC or Mac, or used on your smartphone. This classic software suite is considered by many to be the best all-around personal finance solution.
This mobile app has only been around a couple of years, but in that time it has managed to become a very popular budgeting tool. The beauty of EveryDollar is that it streamlines the personal budgeting process for free. The paid version of the app allows automatic importing of bank and credit card transactions.
If your life revolves around paying bills, this mobile app can handle them for you. Prism is more advanced than the automatic payment features offered by your bank since the app lets you decide if a bill should be paid now or floated into a future date.
This open source software project can be installed on Mac, Windows, and Linux computers for the purpose of managing personal or business finances. Under its GNU licensing scheme, GnuCash will always be free and will never be encumbered by advertising. The current 3.2 version of GnuCash is powerful enough to draw comparisons to Quickbooks.
This simple app connects to your bank and credit card accounts for the purpose of suggesting various personal budgeting scenarios. An interesting feature of PocketGuard consists of notifications that offer smart advice on reducing expenses.
Most personal finance apps focus on budgeting and saving while only lightly touching on the important matter of investing. Acorns focuses squarely on investing, and it cleverly does so by rounding up the leftover change from your purchases and putting it to work on Wall Street. This method of micro investing may not seem like much during the first couple of weeks, but once you start seeing weekly and monthly statements, you will probably consider increasing the level of your Acorns deposits.
There’s a good chance your bank already offers Mint integration with your account. If this is the case, you have the option of accessing richly visual information about your spending patterns and how they conform to your budget.
This nifty app follows the traditional method of setting up financial goals you can fund by stashing cash away in separate envelopes. In this case, they are virtual and you can manage them directly from your smartphone.
As useful as these apps are, nothing can replace the knowhow of a personal financial advisor. San Diego, CA, residents and businesses can rely on Jan Gleisner to help them effectively plan their finances. Call 858-337-2385 to learn more.