While its automation capabilities lead many to consider Mint the best budget app out there, it does have its flaws: It’s also available as a web app, so you can access it in whatever way is most convenient. It regularly checks your credit score, reminds you what bill payments are due, and will notify you if it detects any strange activity in your accounts. Mint categorizes your spending and will even create a budget for you (though you can also make your own), so there’s very little organizing required on your part. It then presents your economic status in visually appealing, cleanly designed graphics and charts that are easy to understand. That way, you always have the most accurate and up-to-date picture of your finances. Because of its sync capabilities, it automatically updates your financial status every single time you log in. That provides an incredibly accurate and detailed picture of where your money is going. Designed by the respected financial software company Intuit, Mint links to all your financial accounts-bank accounts, credit cards, loans, and investments. The financial app by which all other financial apps are judged, Mint is an all-encompassing, FREE money manager. Mintīecause of its sync capabilities, it automatically updates your financial status every single time you log in. You can also learn more by reading our complete PocketSmith review. Those who are serious about budgeting accurately to realize a major life event down the road, like a wedding, property purchase, or paying for college tuition.Įxpats, digital nomads, dual citizens, and frequent traveller-types who make a lot of foreign purchases and/or have bank accounts in multiple countries. A paid version is available for as little as $7.50 USD per month, which is a worthwhile expense for two types of users: It relies on you manually uploading your transactions and account balances rather than automatically syncing with your financial institutions. It can only create financial projections up to six months into the future. The free version supports a maximum of two financial accounts. Though PocketSmith does offer a free version, its functionality is far more limited than what you’ll get for a paid subscription. You can also see the combined value of all your global assets and liabilities, tallied up and converted to the base currency of your choice. You can see the individual balances of your domestic and foreign accounts in their native currencies. While most budgeting apps only connect to bank accounts in Canada and the United States, PocketSmith offers a rare level of integration with overseas accounts and foreign currencies. Different ‘what if’ scenarios can also be tested, in which you can adjust projected expenses, income levels, investment performance, and debts to get a glimpse of various financial outcomes for your future. It can collate all your financial info (chequing balance, savings, investments, loans, etc.) and create accurate forecasts of your financial status up to 30 years into the future, based on the budgets you create. PocketSmith stands out from other budgeting apps due to its impressive forecasting abilities. Here are 10 budgeting apps you should consider to help you manage your money Top 10 budgeting apps in Canada PocketSmith This isn’t an issue with any particular app but due to a security measure Canadian banks have put in place over the past few years. Note: Due to changes in bank feeds in Canada, users have reported that their automatic connections are unreliable and will frequently disconnect. Luckily, thanks to the popularity of smartphones and an ever-growing array of finance apps, we can now have our own mobile money managers in the palms of our hands. But, budgeting is something most of us must do on our own-at least in the early stages of growing our savings or getting ourselves out of debt. It would be great if we could all afford personal financial managers. Our financial health depends more on how we manage our money than how much we make. Our bank accounts affect whether we can pursue higher education, become homeowners, and retire with financial security. Whether we like to admit it or not, money has a powerful influence on our lives. We may receive a commission for products or services you sign up for through partner links. Please be aware this post may contain links to products from our partners. We adhere to strict standards of editorial integrity to help you make decisions with confidence.
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