5 Best Personal Finance Apps for the Android and iPhone

smartphone personal finance appsYou can do just about anything with a smartphone. There are apps to help you manage your ever-growing digital music collection, travel apps to find the best deals on the go, apps to find the best gas prices, and even apps to ward off zombies.

You can also manage your money directly from your smartphone. There are dozens of personal finance apps available for Android and the iPhone that let you do everything from making a budget to filing your taxes.

Since some financial apps simply aren’t worth the download, here’s a short list of my top five.

Top Personal Finance Apps & Software

1. Debt Dog

Debt Dog, available for the iPhone, is a simple app that lets you see the true cost of buying with credit. You enter the purchase price of anything you’re thinking of buying. Then the app shows you how long it would take to pay off, and the extra interest you would pay.

  • Cost: $0.99
  • Best Feature: Debt Dog lays it all out there. Since the app shows you the real cost of buying high-ticket items, it may actually stop you from putting something on your credit card that you really shouldn’t.
  • Available for: iPhone

debt dog iphone app

2. PayPal

The first version of the PayPal app, available for Android and the iPhone, was like most primitive banking apps; you could see your money and that was about it. This app has come a long way since then, and you can now do almost everything you’d want to do with a PayPal account. You can view your history, see your balance, transfer money to your bank account, and make purchases.

The app lets you log in simply with your cell phone number and a four-digit pin number. If you ever tried to enter in a complicated password using Swype, you’ll love this feature.

  • Cost: Free
  • Best Feature: PayPal lets you send money to another user just by fist bumping. If you and a friend are at a restaurant and need to split a check, just log into your PayPal app, set up the transfer, and touch phones. PayPal will move the money automatically.
  • Available for: Android, iPhone

paypal app

3. SnapTax

With SnapTax, available for Android and the iPhone, you can do your taxes. This app, created by the company behind TurboTax, calculates your refund, or how much you owe, and lets you file electronically with just one click.

The app works for all 50 states, but only supports 1040EZ tax filers. That leaves those of you with more complicated tax needs out of luck for now. But if all you have is a W-2, it makes filing your taxes as easy as sending a text message.

  • Cost: Free to try, $19.99 for the full version
  • Best Feature: With SnapTax, you can take a picture of your W2 and it will load the information right on to the screen for you. From there, you just need to fill in the blanks and hit send.
  • Available for: Android, iPhone

turbotax snaptax app

4. Easy Envelope Budget Aid

Easy Envelope Budget Aid, available for Android, is a mobile version of the envelope budgeting system. With this app, you can create a household budget, divide your budget by envelope categories, and monitor your spending within each category.

The app produces reports, so you can see where your money goes from month to month. It also lets you tag individual expenses for easy grouping. For example, I tagged several expenses as tax write-offs to remember later.

  • Cost: Free for the basic version, $8.00 for the premium app
  • Best Feature: The app lets you share envelopes with other Android phones. So, you can send updates for each envelope to your spouse or kids to keep everyone on track for the month.
  • Available for: Android

5. Mint

Mint, available for Android and the iPhone, works in conjunction with your online Mint account. The app has a clean and simple interface to help you manage your money; you can see what you have available to spend, where you stand on your budget, and your current cash flow.

I would like to see Mint integrate their goal tracker feature into the app, but it does everything else I could ask for. The alerts are especially helpful. Mint posts an alert to the app home screen whenever you have a pending bill or a low-balance in one of your accounts. See our Mint.com review for more info.

  • Cost: Free
  • Best Feature: The Mint app really simplifies budgeting on the go. It uses red and green icons to show where you have room to spend and where you have exceeded your budget for the month. From the details screen, you can see a red or green marker for every category within your budget.
  • Available for: Android, iPhone

mint budgeting app

Final Word

With all of the personal finance apps available, you can make informed financial decisions anytime, anywhere. You can pull a quick credit analysis at the furniture store with Debt Dog, split the bill on your lunch break with PayPal, file your taxes on the train ride to work with SnapTax, create a simple budget at the park with Easy Envelope Budget Aid, or check your available balance while standing in line at the grocery store with Mint. With these apps, you’ll never be more than a click away from your money.

Have you used any of these personal finance apps? Or have you downloaded something else that you like even more?

  • Atom Shock

    You Need A Budget (YNAB) is the best budgeting app. It’s currently available for iPhone and the Android version is in early beta. The app syncs with the desktop version of the program. It costs $4.99.

  • MissKath

    This android apps really help me with my life. As an internet marketer i do always check my account via online and see the sales of my product. With this apps i do have to go home and turn on my pc to check my accounts via online but via phone. Its really good to have this apps it saves a lot of time to go home and check. I do usually use Mint and Paypal on my online checking.

  • Tony P.

    I’ve found one recently which seems really promising and called AFinance. A review has been done by a french friend on his blog. The app is an expense manager. The design is simple and clear, which I prefer. An important point for me is this app doesn’t need extra authorization such as Internet communication and data is encrypted on the phone. I can store informations safely.

  • http://www.ovlg.com/ Amy Nickson

    I was an avid user of Mint and Paypal on my Galaxy tab and I wouldn’t give a second thought before I pronounce them as extremely useful apps for managing ones personal finance. You don’t require logging into your PC or reach home in order to keep a tab on your finances. All you need is to download such useful apps on your Android smartphone. Some other personal finance management apps are Expense Manager (that comes free with Android), One Touch Expenser (free with Android) and there’s another one called Money by Jumsoft ($1.99 for iOS). MissKath, since you say you’re an internet marketer who constantly needs to track your finances, you can install some of the aforementioned apps. Believe me they’re extremely useful!

  • surajramnani

    I find Vezma quite a good application for managing my finances. It is basically a mileage/expense tracker that keeps me updated about how much i spend on the go. It’s pretty handy for getting tax deduction for your mileage expenses as well. Moreover their unique real time tracking feature is just an incing on the cake.

    You can take a look at them by visiting their website, just go to Google and type in Vezma, you will find everything about them. Hope this helps for those looking to save money by tracking their mileage.

  • Horatiu Randasu

    I’m kind of surprised that CashControl wasn’t mentioned in this article. It did miracles for me!