Sitting at a desk in front of a desktop or laptop computer and pouring over receipts and financial documents has been the standard process of personal money management for some time. But times, as always, change. Modern technology — namely the 3D Printing Pen and the rise of bluetooth gadgets — have made it easier than ever to perform office-based tasks while on the go. And this extends to managing one’s finances as well.
For a long time, it was Apple that was king of the app world, and their App Store still contains the most extensive library of applications around. But Google’s Android has recently been giving the computer giant a run for its money. This is good news for all those who want quality money-management apps yet don’t own an iPhone.
But in the interests of fairness, here are some of the top money-management mobile apps available for both iPhone and Android.
Mint – free, iOS/Android
Many of the best money-management apps have been released by popular money-management websites. Mint.com, for example, owned by Intuit Inc., has their own free app that gives users a broad and comprehensive view of their finances as well as the ability to track various accounts, investments, credit-card bills and loans.
The app is also highly intuitive and organizes all of the user’s spending in categories such as groceries, restaurants, clothing, gas etc. And since the app also allows users to set budgets, they can monitor their spending closely and receive alerts if they are about to go over budget.
HelloWallet – free, iOS/Android
This app is similar to Mint and is also one of its biggest competitors. Like Mint, HelloWallet tracks spending patterns and presents data to the user in the form of charts, graphs and lists. Where it deviates from Mint lies in the fact that this app has been geared for use in the workplace.
Indeed, many employers offer this app to their staff, as it allows them to keep track of spending – such as phone bills and client lunches — that should be on the boss’s dime.
Balance – free, iOS
Not everyone is comfortable with a third party having access to their account info, and this is where balance comes in. This is a simple mobile app designed to replace the paper checkbook by providing the user with a digital balance sheet that updates after each transaction.
Concur – free, iOS/Android
Those who do a lot of business on the old expense account may want to consider this option. Concur not only allows users to take photos of receipts with their smartphone camera, but it can even automatically link charges on credits cards with expense reports.
The app even keeps detailed records of every transaction including dates, times, vendors and overall cost. All this info can then be quickly submitted to the company in question for approval.
Pageonce – free, iOS/Android
With over seven million users, Pageonce is one of the most popular money-management apps on this list – and for good reason. This app provides great functionality for all of those who want to control all aspects of their accounts right from their handhelds. The app keeps track of credit-card statements, pay bills and utilities and even alerts the user if there is any suspicious account activity.
It’s true that these options are a mere drop in the bucket compared to all the other money-management apps out there. But they are also some of the most proven around. That means they should stay relevant and useful as more and more financial apps flood the market.
Stephen Catalano knows about home insurance policies. He enjoys writing on the subject for money and home owners blogs. .