You can only build your long-term wealth when you know where you're spending your money regularly. Maintaining a budget from the initial stages can play an important role in helping you achieve your long-term goal.
You should know that your budgeting style shouldn't be restrictive, but something you will like to achieve. One of the easiest ways to create and maintain the budget is to install the best finance apps.
Now it is quite common to think that some of these apps wouldn't work on the iPhone. That's the reason why this blog deals with the best finance apps for iPhone users.
5 Best Finance Apps for iPhone Users
Choosing the best free finance apps for iPhone can contribute to maintaining your overall budget and maintaining it. Thus, some of the major finance apps that you need to have on your phone today are as follows:
#1. Mint
- Rating - 4.8/5
- Compatible iOS - iOS 15.0 or later
- Developer - Mint.com
- Price - free
If you're looking for one of the best free finance apps for iPhone that allows you to track investments and manage budgets and bills, you can always rely on Mint. You can integrate the app with your bill payments, which will further allow you to receive reminders about future payments.
Mint on iPhone provides the opportunity to manage your money in a better manner so that you can easily achieve personalized goals regarding custom budgets. Furthermore, you can prepare the personalized insights and also monitor the subscriptions and other free services. It is a completely safe to use app wherein you can add all details about your investments, credit cards and cash.
Pros
- Highly secure
- Reminder tools integrated
- Different finance accounts can be added
- Free
Cons
- Longer duration to set up
- Incorrect categories assignment
#2. SoFi Bank
- Rating - 4.8/5
- Compatible iOS - iOS 14.0 or later
- Developer - Social Finance Inc
- Price - NA
Want to learn about managing finance in a better way? Sofi Bank might just help to do it. With a wide range of services, SoFi Bank caters to almost all areas of financial planning without the risk of traditional banking fees, and the need for physical branches. Furthermore, SoFi Bank also brings in the convenience of getting paid early.
SoFi Bank has a wide range of products that offer IRAs, investment options, credit cards and also facilitates retirement planning. Eventually, SoFi plays an important role in covering the financial needs as well. The app is extremely easy to use that can help in monitoring the expenses, calculating the net worth and also managing the income.
Pros
- The savings account has a high yield of around 4.6% APY
- Has a vault to store important information
- There's no overdrafts, late or transaction fees
- Retirement planning
- Get a free credit report
Cons
- No cashier check
- Not an ideal option for depositing cash
#3. Stash
- Rating - 4.7/5
- Compatible iOS - iOS 15.0 or later
- Developer - Stash Financial Inc
- Price - $1 per month
Stash is one of the best options for people trying to find the best finance apps for iPhone to manage their personal finances. The app is loaded with features that can help with money management, such as account management, bill payment, online banking, investment tracking, and more.
Stash makes it easier for everyone to achieve their long term financial goal in a simple and affordable manner. Furthermore, you also can learn how much you can invest depending on the budget that you have planned out for a specific schedule. Stash provides a clarity of information on budgeting without any hidden fees. Stash also brings in the benefit of early paydays with its direct deposit feature.
Pros
- Has the option of fractional shares
- Provides value-based information for investment offerings
- Investing is automated as well as DIY, providing the benefit and flexibility to choose
Cons
- Although it has smart portfolios, there isn't an option for tax-loss harvesting
- There is no IRA management automation
#4. Rocket Money
- Rating - 4.2/5
- Compatible iOS - iOS 14.0 or later
- Developer - Rocket Money
- Price - free (premium features require subscription)
Another one of the best free finance apps for iPhone to manage money and control finances is Rocket Money. With the help of Rocket Money, you can keep a check on all your investments. The app provides the benefit of tracking financial habits by saving more and spending less. Eventually, Rocket Money's dashboard allows users to keep track of all transactions. If you feel like you have lost control over your finances, Rocket Money can allow you to gain control over it back. Since it is a free app, you will not have to worry about paying a subscription fee, unless you're upgrading to the premium version. Apart from that, you can include information about your subscriptions and Rocket Money will send reminders about the subscriptions as well. In case you want to cancel any services, Rocket Money will make it easy.
Pros
- All accounts can be integrated in one place, thereby offering the benefit of easy tracking
- Several savings and budgeting features
- Report and track the credits
- Easy to use and maintain the transactional records
Cons
- Negotiating the bill through the app is expensive
- The free version has limited features
#5. CalendarBudget
- Rating - 3.3/5
- Compatible iOS - iOS 12.0 or later
- Developer - CalendarBudget Inc
- Price - $7.99 per month
Having a monthly budget calendar is often advised by financial planners in order to keep a track of finances. Not only does it allow to organize and manage the transactions, but also plays an important role in understanding where the money is.
CalendarBudget, therefore, eases this problem for all users, bringing in the benefit of an easy-to-understand and easy-to-use mobile app. This finance app for iPhone not only allows you to track your money but also helps you understand how to plan it better for the upcoming months. As a result, through the past data, CalendarBudget helps to manage the future budgeting tool. It does not have any complicated information, and you will get used to it within a few days.
Pros
- Get reminders for future payments and balances.
- Accurate forecasts are easily available on the platform.
- Real-time access to your finance app.
- Comprehensive budget tool for advanced management.
Cons
- Needs to be regularly updated to achieve accuracy in budget planning.
- Some of the features are still in beta phase.
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Final Words
When it comes to mobile banking, it is important that you make the right choice. With security and data being such big concerns, people are always on the lookout for the best finance apps for iPhones that allow them to manage and track their money effectively on a daily basis.
While you're considering your choice between these apps, always note that every app has a different feature to offer in a better way than another. Some of these apps may be free, whereas some may be paid. Therefore, it is important to understand your future goals with money management and then make the right choice.
Remember, irrespective of the choice you make, these finance apps will help you move in a healthy and positive direction in the money management sector. You need to get a basic hold of the financial understanding so that you can make the right financial decisions.
If you're a business aiming to make financial life and transactions easier for your customers, you need such seamless and easy to use apps too. At Owebest, we will help you build highly secure and easy to understand apps for the convenience of all your users.