Keeping on top of your personal finances can be challenging. With bills and expenses constantly coming out of your account, managing your money effectively can be time consuming and confusing.
The good news is that there are plenty of financial softwares and apps that can make things simple. But, it’s important to select the right option for you. Southern Phone has your guide to the best finance apps for budgeting, investing and more to help you get ahead to help make your money work harder
Best finance apps for budgeting
Looking to keep track of your spending, stick to your budget and save a little along the way? Well, you're in luck, here are some apps to support your financial goals
Fudget is the perfect solution for those who want to keep budgeting simple. The app lets you create lists of your income and expenses so that you can track your spending. There is no need to sync your bank account with this app, so it’s easy to set up and a good option for those who don’t want to share their banking information. However, you do need to manually enter your expenses, which can be time consuming.
This app offers the convenience of automatically tracking your spending. Designed specifically for Australian users, Pocketbook securely links with most of the major Australian banks and categorises all of your purchases. You can even set up notifications for when bills are coming out, if you’re coming close to overspending and much more.
If you’re after the classic envelope approach to budgeting, but want to take things digital, Goodbudget is the app for you. Goodbudget allows you to split up your expenses into different ‘envelopes’ and spend according to those categories. This app is an easy and quick way to start using budgeting and savings apps, which is what makes it one of the best.
Best finance apps for investing
Investing apps are an easy way to invest your money and manage a share portfolio. These apps are a great option regardless of your experience with investing, from someone who is looking to start their investing journey, to someone who is looking to simplify the process of investing.
Raiz is the perfect app for those wanting to dip their toe in investing. It’s most known for their round up feature, where the change from your everyday purchases are rounded up to the dollar and invested. You can also set up recurring investments and lump sums in the app, so if you decide it’s for you, you can start to build your portfolio.
SelfWealth allows you to invest at a flat fee in more markets than any other Australian finance app. So, if you’re wanting to expand your horizons and start dabbling in foreign markets, this app might be perfect for you. With in app buying and selling available, this feature packed app has it all.
Wanting a more efficient way to manage your portfolio? InvestSMART could be the solution you’ve been looking for. It’s a portfolio management software that allows you to keep track of all your different portfolios. Although, unlike some other apps you can’t trade directly through the platform, this app is easy to use and can help you more conveniently track all your investments.
Best finance apps for Australian seniors
You Bank’s Own App
If you're trying out finance apps for the first time, before you go on a downloading spree why not try exploring your bank’s own app. Many banks in Australia have great inbuilt features that can help you save or budget. For example, the CommBank mobile app lets you set up a Money Plan so you track your expenses, or the ING app which has a round up feature to boost how much you’re saving.
These apps can be a great way to securely keep all your financial management in one place.
Regardless of what your budget is, saving a little bit extra is always a plus. WiseList is an app that compares prices between grocery stores so you can find the best price easily and conveniently. Get multi-store delivery to save time and money on your weekly grocery shop. Overall, this app is a great way to cut down on your usual expenses.
How to stay safe on finance apps
While financial apps can be very helpful in managing your finances, there can be some risks involved. It’s always important to be vigilant about protecting your banking information to prevent any fraudulent activity or security breaches. Always do your research before using any financial app to see if it’s suitable for you. If you’re unsure about whether you should be sharing any of your personal or financial information with an app, it may be best to check with your bank first.
How to get started
If you’re wanting to get on top of your finances and take advantage of the accessibility and convenience of finance apps, Southern Phone can help you get connected.
Explore our range of SmartPhones complete with great value SIM Plans and get in touch with our friendly team to find an option for you.