It’s never too late to learn something new. So why not start the decade right by learning how to efficiently manage your finances? Of course, this is easier said than done, as it can be difficult to control your spending habits. This is especially true in a world where everything you want to buy is at the tip of your fingers through various e-commerce platforms. Luckily, the solution is just as accessible.

As we’ve previously mentioned in our article on How Banking Apps Can Motivate You to Save, such tools can indeed be useful in making you more financially responsible. However, given the sheer number of apps out on the market today, some people may find it difficult to determine which apps to use.

This is why we’ve put together a list of the best apps to help you in your journey. Read on to know more!


Credit Google

Let’s start you off with an app that’ll help you budget your expenses. Mint is a straightforward app that you can link to your bank account to help you figure out how to budget your money. It does this by breaking down where you spend your money, and converts it into an easy-to-understand and visually engaging graphic that’s great for people who have just dipped their toes into the world of personal finance.

Mint truly shines in its ability to show you how much you’ll save in the long run by cutting out certain expenses. This allows you to weigh the actual worth of where your money is going against how much money you could be saving — whether it’s all those lattés or frequent vacations. While it isn’t exactly comprehensive, Mint is perfect if you want a no-frills way to see where your money goes, which is a good enough place to start.

Petal Card

Credit: Google Play Store

One of the biggest mysteries that young people face nowadays is how credit works. Experian’s Manager of Consumer Education Sandra Bernardo details how Millennials think they understand credit — but this is far from the reality. This can be quite detrimental to one’s financial situation, since not understanding how credit works can leave you with a significant amount of debt.

This is where the Petal Visa Credit Card App comes in handy, as it has all the features you need to know the ins and outs of credit. The app simplifies everything, breaking down how much interest you owe based on what you pay every month. Furthermore, the app also allows you to plan out your month by taking into account your bills, thus giving you a better picture of how much more you can spend without going over budget.

Clarity Money

Credit: Google Play Store

Lastly, we have the Goldman Sachs-backed app Clarity Money as recommended by Reuters. This app makes the most out of the technology available to us today by combining the features of personal finance apps with machine learning. Clarity Money’s AI-powered system will help you make good financial decisions, as it does the legwork of figuring out how and where to spend your money.

This is great as it can teach financial newbies the basics, by observing how the app chooses what to cut from their expenses. Through this, they may start making better financial decisions, learn to cut out the excess, and only spend on things they actually need.

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