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5 Best Personal Finance Apps for the Android and iPhone



You 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

girl having problems paying online with a credit card and a phone

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

2. PayPal

paypal mobile application

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

3. SnapTax

smartphone with taxes on screen with laptop

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

4. Easy Envelope Budget Aid

man holding smartphone with budget app on screen

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

working hand woman with smartphone writing on a wooden table in the office

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 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

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?

Angela Colley
Angela Colley is a freelance writer living in New Orleans, Louisiana with a background in mortgage and real estate. Her interests include animal rights advocacy, green living, mob movies and finding the best deal on everything. She blames her extreme passion for never paying full price on two parents that taught her that a penny saved is two pennies if invested wisely.

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