Two Best Money Apps in 2020

As the world has gone mobile and apps started reigning supreme managing your money has become a great deal easier. While it does not hurt to track your spending and net worth via Excel you can now automate this via two of the best financial apps on the market today. What are they? Fine, I won’t keep the secret to myself any longer.

The two apps you need to download today are Mint and Personal Capital. I personally use both and their summary’s are below.

Mint – Mint was founded in 2006 and then later acquired by Intuit which owns QuickBooks for you accounting folks out there. In a nutshell you can link as many of your bank accounts as you want, and it will bring in your transactions and categorize them. You can also create your own categories, track spending, and set up a budget for yourself that will alert you if you exceed it. My favorite feature is it can also track your bills, so you know how much you must budget towards it.

Personal Capital – Personal Capital was founded in 2009 and is personally my favorite app. Like Mint, you can link your bank accounts and your retirement accounts to the platform. It will track your net worth, income, and expenses. My favorite feature is its Investment Checkup. It will review your asset allocations and recommend certain updates, so you get the best return.

I recommend looking into these two apps after you have set up your bank accounts. It will give you a real time overview of your expenses so you can be proactive instead of reactive. And best of all you can better start planning your financial future. What are some of your favorite personal finance apps? Drop them in the comments below!