As any millennial will tell you, one of the most difficult aspects of becoming an adult is learning to manage a budget and our finances. Thankfully, we have it a bit easier than past generations. Because of mobile and desktop apps, we can manage our spending and budgets on the go and in real-time. Here are some of my favorite apps that have helped me navigate life in New York City without going broke.
Mint.com’s app is probably the first on many “best money apps” and rightfully so. Mint allows you to set budgets, track your spending within those budgets, and monitor your spending and bank accounts on an up to the minute basis. I also love that you can set specific savings goals that Mint helps you achieve.
Additionally, you can access your Mint profile on your phone, tablet, and desktop. Overall, the way that Mint visualizes your spending and financial habits is the game changer. Displayed in easy to digest graphs, Mint sets you up to be your own accounting wiz.
Bills are no fun and sometimes pretty difficult to keep track of, especially when they are new to your financial regimen. Pageonce is a freemium model app that does a great job keeping track and reminding you of your bills and if you pay $4.99 a month, you can pay all of your bills straight from the app. I love the one stop shop feel of the app and even without being able to pay directly from the app, the reminders prove very useful to staying on top of your monthly finances.
Any professional has good reason to save their receipts; tax returns, business expenses, reimbursement for a business trip, but saving those receipts can be a hassle to say the least. With Lemon, you can scan and categorize your receipts right into the app and allows you to export them with one touch. Now, you can eliminate the shoebox of receipts and save all of your receipts on the go. This is extremely important because anybody trying to manage a budget should be making sure they are being reimbursed for any eligible expense.
It’s officially tax season and Turbo Tax allows you to file your taxes straight from your mobile device for only $24.99 (the app itself is free). Especially for younger professionals, filing your taxes on your own may not be the easiest of tasks and being able to do it straight from your smartphone simplifies the process greatly.
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Venmo has combined finance and social pretty well and is a very handy app, especially for those that like to go out with friends. Venmo allows you to pay a friend for anything that you may owe them for straight from your phone as long as they have the app downloaded as well. With less and less people carrying cash this is a great tool. You can also share with your friends your latest transactions in case you have a great experience or humorous exchange that you want to share. Who owes who is always a difficult conversation to keep track of, and Venmo does a great job in completely erasing those questions.
Do you have any other go-to apps that help you manage your finances?
Harrison Kratz is the Community Manager at MBA@UNC, the MBA online program at the University of North Carolina and sticks to his entrepreneurial roots as the founder of the global social good campaign, Tweet Drive. Feel free to connect with him on Twitter, @KratzPR!