Personal Finance Apps for Android

There are apps galore to help you manage your money, track your budget, pay off your debt and much more. Here is a review of some of the top personal finance apps for Android.

Mint.com is one of the trusted names in personal financial management today so you can’t go wrong with their free Android app, Mint.com Personal Finance. It pulls in all your bank accounts and credit cards, so that you can view all your financial information from a single interface. It tracks spending, categorizing every transaction so that you can see where your money goes. You can create a budget based on historical spending. Other features are investment tracking, personalized recommendations, bill reminders, over-spending alerts and unusual pattern alerts. The app employs the same security measures used by banks to keep your information protected.

Budgetroid is a simple app that does exactly what it promises - easy real-time budget monitoring. It will allow you to type in your incomes and expenses and quickly compute what you have left in your budget. The clean, uncluttered interface and the simple operations are the USP of this upcoming app.

Easy Envelope Budget Aid is yet another budget management application, but with a unique feature- you can sync up multiple phones to create a shared budget. It is also backed up on the Web. It is free and ad-free too. It operates on a concept of virtual envelopes and as you enter transactions, keeps track of the envelope balance. It has some features which make entering transactions into the app easier –like auto-complete, auto-categorization and location-based auto-complete.

Mortgage Calculator, by Adonis Apps, is one of the popular loan calculator applications for your Android phone.  It can calculate your monthly payment and display amortization tables when you are shopping for your new car or home. The Pro version has additional features like graphical charts, Estimator etc.

For those of us who have unfortunately fallen into bad financial habits and debt, there is help in the form of debt payoff planners. One of the popular debt payoff planners for Android platform is Debt Payoff Planner, from Adonis Apps. It uses the proven and systematic “Debt snowball” method to create your debt payoff plan. It then shows you month-wise debt snapshots and allows you to enter payments, prepayments and countdown to debt-free. The paid version looks worth the money, though the free version, Debt Payoff Lite, is too limited to be actually useful.