Smartphones have changed the way people pay thanks to platforms like Google Pay. However, our mobiles can also help us to save and control where our money goes each month, through financial applications that allow us to keep an exhaustive control over the expenses made, and the savings achieved.
There are many applications of this type on Google Play, but not all of them are worth it. In this article, we select the best ones that can be downloaded and used, and review their most important functions.
Fintonic is one of the most famous finance applications used on Google Play. We have talked about it repeatedly, and stands out from the rest for being one of the few platforms that allow us to synchronize our bank accounts to automate the reports of expenses and savings, thus avoiding having to manually enter purchases, income or transfers.
It has compatibility for the vast majority of Spanish banking entities, and offers interesting functions such as commission notice, duplicate receipts or product management such as insurance, cards or loans. It also offers a useful option to finance Amazon purchases at 0% interest.
Another feature that we will not find in the rest of the alternatives is what Fintonic calls “FinScore”. It is the theoretical valuation that the banking entities have about us depending on several factors such as age, the balance in our accounts or the expenses, so that it is possible to access better conditions in case the valuation is high.
Another good option to control all our savings and expenses from your mobile is Money Manager. This application stands out for its simplicity and ease of use, but still has interesting options for all those who want to know where your money is going.
The app allows you to record any transaction made with a touch on the screen, and automatically generates expense and income reports with graphs that show our progress. It is also possible to make budgets and organize the different invoices either by periodicity or by category. There is also no option to set reminders.
To know absolutely all the money you spend, and how you spend it, there are few better applications than Spendee. The app has been selected several times as one of the best in its category by the editors of Google Play, and is that its ability to generate infographics with income and expenses, all with a fantastic design and all the functions we might need to carry a control over our finances.
Among its most important features, we find the possibility of synchronizing our banking entities to automate the control of expenses and revenues, budget planner, generation of reports and infographics, or the possibility of creating shared portfolios with friends and family. Of course, it also allows registering those purchases made with cash, so that nothing escapes us.
If you use several devices and look for an app where you can record all the savings and expenses, 1Money is one of the best options. Since it offers synchronization in the cloud, it is possible to access data from anywhere and through any device.
The app in question allows you to add transactions quickly and easily, and will automatically generate reports that show where the money is spent and how our savings account has grown over the weeks.
Another tool that, like Fintonic and Spendee, offers synchronization with the main banking entities is Wallet. The application encourages us to get rid of forever of our spreadsheet or notebook where until now we have recorded all our expenses and savings, and to use its flexible control and planning system.
The app is free, and among its functions includes the possibility of generating financial reports on accounts and cards, loan management, synchronization in the cloud, predefined templates and categories, and even the possibility of geographically labeling each transaction made.
For Google, Money Lover was one of the best applications of the year 2017 … and it is not for less. We are facing one of the most complete financial tools that exist in Google Play, with synchronization in the cloud, budget planning, push notifications and expense management by categories.
Other interesting functions of this application are the possibility of carrying out an exhaustive follow-up on debts and loans, the possibility of creating shared portfolios with friends or relatives, and even a “Travel Mode” for those travelers who will spend time in a country different from yours. To avoid loss of information, the app also allows creating backup copies in Dropbox, one of the most popular cloud storage services.
We finish this selection with an application perhaps somewhat less known than the previous ones, but that will undoubtedly attract the attention of more than one by the number of functions included, as well as by its intuitive design and easy to use design. Moneyhero allows us to mark saving objectives, so that the application itself will tell us every moment how much money we can spend every day so as not to exceed the limit and thus be able to fulfill our goals.
The app also stands out for its simplicity, and it is enough to indicate the monthly income, as well as the fixed expenses and the saving objective. From these data, the app will generate the variable of expenses that we should not pass. Unlike the previous apps, Moneyhero can be used totally free for 15 days, and after that time it will be necessary to purchase a Premium subscription of the platform.
Also published on Medium.