Best Finance Apps to Manage Bills and Debts [2020]

You have the money, you have a bucket list, but that is not the end of everything. You need the right money management skills, lest all that you have earned will leave your side in the blink of an eye.

You start spending more than you make and keep piling up on ugly debts. Therefore, what you need to arm yourself with the right knowledge, or in this tech-savvy age, the right apps to be able to manage your finances with the utmost ease. 

Finance apps have been much in vogue these days, because well, you know, money matters. In fact, mobile apps have transformed the banking and finance sector. Thus, managing our accounts, too, have become comfortable with these apps.

This article brings together a comprehensive list of the best free financial planning apps that stirred up the air, for all the right reasons, in 2020.

Top Finance Apps for Android and iOS in 2020

The following are the best personal finance apps for iPhone and Android that comes packed many features. Every app is reviewed by us in-depth and to make it clear to you, we have even mentioned the category for the same.

Let’s deep dive into the landscape of finance.

1. You Need A Budget (YNAB): Best for Debt Payoff

You Need A Budget helps you stay within the confines of your income and understands that everyone has a budget constraint. The best budget app does not advise you to think or plan for different ways to earn something extra. It instead helps you analyze your budget and plan practical ways to deal with your expenses and mitigate financial issues if they crop up. 

The app is a brilliant personal finance manager that helps you manage every penny. The app’s usefulness lies in the fact that it has helped its users clear off their debts with proper planning and account management.

Also, it has the option of taking up online classes that coach you on budgeting and planning expenditure. Therefore, if you do not have the skills to use the app or plan your budget with its help, reach out for live coaching.

Notable features of the best budget app:

• Connect all the accounts in one place;
• Detailed, visual spending and trend reports;
• Real-time access to all the budget data across multiple devices;
• Match up imported transactions and more.

Price: Free 34-day trial, then $6.99/month (billed annually at $83.99)

You can download this best finance app for iOS and Android

2. Wally: Best Tracking Expenses App

More often than not, we indulge in buying splurge and then forget to record it. By the end of the month, when we have nothing substantial left, we are left wondering about where all the money went. Here comes the role of Wally app in managing the expenses.

Wally is one of the best finance tracking apps and is the right platform if you loathe entering in your expenditure manually. The app shall do the job for you if you take pictures of the receipts. You, therefore, do not need to work your brain up thinking where you have spent your money. Keeping track of your expenses is pretty easy with this app, and it helps you keep your finances organized. 

Notable features of Wally free finance app:

• Finance insight charts for better understanding;
• Helps in improving the net income over time;
• Syncs all the accounts in one place;
• Keeps track of foreign currency accounts and more.

Price: Free

You can download this best finance app for iOS

3. Robinhood: Best Investing App

Robinhood is an app that comes in quite handy for those who are newbies in investing. If you want to earn the ropes of investing or if the stock market piques your interest, you could keep a daily tab on the news about the investing market at Robinhood and MarketReview. 

The app furnishes you with market information cut down to the minute and thus, keeps you updated and enlightened. What you do with all the information coming your way is your choice. You get to call the shots regarding investments.

Notable features of the Robinhood free finance app:

• Commission-free investment;
• Offers real-time market data;
• Cutting-edge security measures to protect investor assets;
• Collaboration with top banks and more.

Price: Free

You can download this best finance app for iOS and Android

4. Acorns: Best App for Easy Saving

Acorns is probably one of the most interesting apps that has made its way into the list. It is a boon to humankind in the most real sense of the word. Once you’re connected to the best money management app, it automatically invests wisely in a low-cost ETF by taking into account your risk preference.

Once you have made a purchase with your card, and are connected to the app, it rounds up the expenditure and invests the difference in the ETF.

Notable features of the Acorns best personal finance app:

• Automatically invest the spare change from everyday purchases;
• Articles and videos from financial experts;
• No low-balance or overdraft fees and free or fee-reimbursed ATMs nationwide;
• 256-bit encryption, and more.

Price: $5 to begin investing; account management fees start at $1/month.

You can download this best finance app for iOS and Android

5. Personal Capital: Best for Investing

If you are up for investing your hard-earned money to make some assets, then the Personal Capital app is best for you. With this app, the user gets customized advice tailored specifically to the set goals.

Apart from the investment advice, the app works similarly to other finance management apps and track all the financial details. The app offers unlimited withdrawals that too, with no fees and no minimum balance.

Notable features of Personal capital app:

• Free online money tools
• Insight-driven advisory
• Personalized portfolio management
• Fiduciary advice with transparency and more.

Price: Free

You can download this best finance app for iOS and Android

6. Coinbase: Best Cryptocurrency App

Coinbase is a popular digital currency exchange platform, and now we have its app. The app is ideal for anyone who is into cryptocurrencies and looks forward to investing more in virtual currencies. The app deals in Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and more.

Coinbase takes the security aspect seriously and stores 98% of cryptocurrencies offline, and for the rest, the platform engages multi-stage verification and bank-level security. If the user is new to the crypto-trading, he is free to kick off with as little as $25.

Notable features of the Coinbase app:

• Automatic buys and price alerts;
• The assets are secured by the industry-leading online security;
• Can buy and sell mostly all the popular digital currencies;
• Tracks currency values throughout the day and more.

Price: Free

You can download this best finance app for iOS and Android

7. Birch Finance: Best for Earning More Rewards

Tracking bills and making payments is something every other finance app can pull off, but do they reward the user for completing the tasks? We guess not. Birch Finance is one such app that offers rewards on credit card payments.

The user can even tell the app about the rewards he wishes to grab, and then the app comes up with the cards that match the reward requirements. Even for shopping at the nearby stores, Birch can well suggest the cards that along with an up to date list of the active bonus categories. 

Notable features of the Birch best finance budget app:

• Tracks spending of all the accounts;
• Bank-level security;
• Compares the spending to over 100 reward-earning cards
• Recommends cards depending upon the spending habits and more.

Price: Free

You can download this best finance app for iOS and Android

8. Prism: Best for Paying Bills

If you have multiple accounts and find it tough to hold all your transactions together, it’s time to opt for the Prism app. Prism brings all the bills and financial activities into a single platform. The user only needs to feed all the bills into the app, and the app automatically tracks the due date of all the payments.

For more ease, the user can even schedule payments. The app has over 11k billers that include both larger banks and smaller utility companies.

Notable features of Prism best finance budget app:

• Track bills, monthly expenses, money & debt;
• Bill pay alerts and bill reminders;
• Bill calendar & payment calendar view;
• 256-bit AES encryption, and more.

Price: Free

You can download this best finance app for iOS and Android

9. Mint: Best Overall

Mint is the last app in our list of the best financial management apps and is apt for almost every financial process. Due to its features and functionalities, we consider it as the friendliest and easiest apps to manage the finances.

You can connect all your bank accounts and cards, and keep your bills in one place. Mint sends you reminders regarding your due dates for paying bills, while also allowing you to create and follow a budget. Minting money with Mint can be quite a thing once you know how to manage all of your hard-earned money.

Notable features of the Mint top personal finance app:

• Track bills right alongside the account balances;
• Create a budget for the user;
• Push notifications for the payment reminders;
• Sync the bank accounts, credit cards, budgeting, and more.

Price: Free

You can download this best finance app for iOS and Android

10. Venmo: Best Cost-Splitting App

Bill splitting is something that every one of us needs to do, and it can sometimes leave you just clueless. Due to the same reason, Venmo is quite popular with millennials. It quickly calculates all the spending and shares the due amount with everyone who is in the group.

The interface of the app is similar to that of Paypal but is different from it in many ways. One such USP of this app is its ability to share and like payments through the social feeds. The transaction limit of Venmo is set at $299.99.

Notable features of Venmo best personal finance app:

• Tracking and sharing on all the expenditures;
• Easy money transfer;
• Split the spending the share with friends;
• Encrypts all the transactions and more.

Price: 1% on all the electronic withdrawals and 3% on money transfer to others

You can download this best finance app for iOS and Android

Final Thoughts

These are the best financial management apps that must find a place on your smartphone. These apps have made it so easy for us to become smart about our money that you no longer have to worry about entering your expenditure manually, or calculate your debts and then wonder at the end of the day how all your earnings disappeared into thin air.

Get your hands on these top finance apps of the year and make smart moves while handling the finances.