Using a mobile app on your smartphone is a great way to stay on top of your finances. Here are five tips explaining how you can manage money with apps for iPhone, Android, or on other smartphones.
- Enter Information at Your Convenience
If you use personal finance software on your Smartphone or iPhone, you can enter financial transactions at any time, where ever you are. Enter cash or other transactions in the grocery store parking lot, between classes, on your lunch break, or while you wait for a meeting to start. If you travel for business, adding transactions on the road saves time when reporting expenses. Categorizing transactions right after you make them reduces guesswork later on if you download transactions and keep a budget.
- Synchronize Desktop Software with Mobile Data
Enter financial transactions and other data on your mobile device or desktop software, then synchronize the two to always have up-to-date financial information. Smartphone personal finance apps often synchronize data with Windows or Mac financial software or online personal finance software.
Even if you don’t use desktop financial software along with a Smartphone or iPhone app, synchronizing the data is a great way to have a back up if your mobile device is damaged. You also may want to view or print reports at some point, which is easier to do with desktop financial software.
Many of these have been collected from the monthly Top Android Apps lists, while others are tested money management apps that help you to keep up to date on your everyday finances. I’ll be adding to this list as I discover new apps each month, if not even more frequently.
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Use HomeBudget to keep a personal budget on your Android. HomeBudget Android App / Anishu, Inc. So many people start off the year with a general plan to keep a budget so they can see where their money is going and so they can save a few dollars by being more aware of spending patterns. The Top Android Apps for January 2013 focused on the best apps for budgeting. These apps help you with setting up budget categories, keeping an eye on daily budget balances (if you enter transactions daily), and have great graphic reports. One app even lets you store photos of receipts with transactions while another uses envelope budgeting concepts. Some Android budgeting apps sync with online or desktop software.