Expensify

https://www.expensify.com/
Platform(s)

Online, Android, iOS

Cost

Free

What Does it Do Well?

Expensify helps users make “expense reports that don’t suck.” Expensify is easy to use, either as a mobile app or online, making it perfect for travel or regular expense accounting alike. Users can take photos of receipts using SmartScan technology to create an expense, or import from credit card accounts.

Drawbacks

Some app features are not available for the online version. Expensify requires larger businesses to subscribe, which can be pricey.

Mint

https://www.mint.com/
Platform(s)

Online, Android, iOS

Cost

Free

What Does it Do Well?

Mint is one of the most popular expense tracking and budgeting apps available today. Users can import bank, credit card, and investment accounts, using their spending history to track expenses and budget accordingly.

Drawbacks

Mint gives limited budgeting advice; users have to create their own. Expense categories can be limited and app may miscategorize imported expenses.

Paypal

https://www.paypal.com/home
Platform(s)

Online, Android, iOS

Cost

Free

What Does it Do Well?

PayPal allows users to send and receive money online, anywhere at any time. Small business owners or self-employed people may find it especially useful, as users can send invoices, receive payment, and use the PayPal Here Mobile Card Reader to complete transactions.

Drawbacks

PayPal charges fees on transactions, such as a 2.7% fee per PayPal Here Mobile Reader transaction. Other than sending and receiving payment, PayPal doesn’t offer much else for those looking for personal finance help such as expense reports or budgeting.

Spendee

http://www.spendeeapp.com/
Platform(s)

Android, iOS

Cost

$1.99

What Does it Do Well?

Spendee is an expense tracking app that’s nice to look at. The app has a clean, attractive interface. Users input expenses and over time Spendee can create charts and graphs to show where your money is going and how much of your income those costs are taking up.

Drawbacks

Spendee only tracks expenses. Users have to manually input expenses.

Check

https://check.me/
Platform(s)

Android, iOS

Cost

Free

What Does it Do Well?

Check is a free mobile app that helps users stay on top of their bills, avoiding overdraft and late fees. The app can alert users when bills are coming up or their funds are getting low. Users can enter multiple accounts including bank and credit card accounts.

Drawbacks

Check charges a service fee for credit card payments. Payments take two days to process, so users must plan ahead or pay $7 for a rush payment.

Budgt

http://budgt.ch/index.php
Platform(s)

Android, iOS

Cost

$1.99

What Does it Do Well?

BUDGT is a clean, simple, easy-to-use budgeting app designed for students or people with small incomes. Users can track expenses on BUDGT as well as create a personal budget to help save money and reel in spending. User can then export monthly BUDGT data to Excel or other similar programs.

Drawbacks

BUDGT is very simple, and may not be the best option for people with larger incomes, more expenses, and more complex expense tracking and budgeting needs.

Dollarbird

http://dollarbird.co/
Platform(s)

Android, iOS

Cost

$1.99

What Does it Do Well?

Dollarbird is a smart calendar for finances. Users input income and expenses on calendar dates to track their spending and net worth over time. Dollarbird can predict the state of your cash flow years in the future.

Drawbacks

Dollarbird’s interface is not always intuitive, and users may find it confusing or difficult to input data and find what they’re looking for.

LevelMoney

https://levelmoney.com/
Platform(s)

Android, iOS

Cost

Free

What Does it Do Well?

Level Money is an expense tracker that automatically updates the user’s financial status based on income and transactions. Level Money works with most banks with online options. Rather than letting users create a traditional budget, Level Meter divides money into three categories: what you make, what you need for bills, and what you save. After that, it’s up to the user to control their spending.

Drawbacks

Level Money takes an atypical approach to money management which may not be what some users want – for example, there is no ability to create a budget. Best for those with simple finances.

MoneyWiz

http://moneywizapp.com/
Platform(s)

Mac, Android, iOS

Cost

$4.99

What Does it Do Well?

MoneyWiz tracks income and spending, lets users create budgets, schedule payments, and create financial reports based on all that info. What sets MoneyWiz apart from similar apps is a clean, attractive interface.

Drawbacks

Users may find some features of MoneyWiz to be too simple for their financial needs and circumstances. The reports the app creates are very straightforward, sometimes to a fault. MoneyWiz won’t give budgeting advice or help create a budget; you’ll have to do that on your own.

Budget Ease

https://budgetease.com/
Platform(s)

Online, Android, iOS

Cost

Free 14 day Trial then $5.58/month subscription

What Does it Do Well?

Budget Ease helps users create budgets using the “envelope method.” User import expenses, track and categorize them, and then devise budgets by creating different “envelope” categories. Budget Ease allows users to attach recepit images to transactions as well.

Drawbacks

Budget Ease is free for a 14-day trial, and then is $5.58 a month after that.

Learnvest

https://www.learnvest.com/
Platform(s)

Online

Cost

One month free, then between $89-399/month depending on your plan

What Does it Do Well?

LearnVest connects people with LearnVest financial planners who help achieve financial goals. LearnVest Planners can help users with budgeting, debt management, saving, and investing. LearnVest keeps costs down because Planners connect with clients via phone and email.

Drawbacks

The service can be cost-prohibitive for some after the first free month.

SavedPlus

http://savedplus.com/
Platform(s)

Online, Android, iOS

Cost

Free

What Does it Do Well?

SavedPlus allows you to automatically siphon a percentage of every purchase you make into a savings account, IRA, investment account or a prepaid card.
You can set limits on transactions over a certain amount and also requirement minimum balances in accounts to avoid overdraft fees.

Drawbacks

This app requires the user to make investment/savings decisions themselves rather than giving any advice

Likefolio

http://www.likefolio.com/getstarted
Platform(s)

Online

Cost

Free

What Does it Do Well?

Likefolio seeks to help make investing easy and simple by connecting consumers with companies they’re already talking about. Users connect Likefolio with their Facebook and Twitter accounts. Likefolio scours your social media activity to see which companies you mention, and then recommends companies to invest in based on that feedback.

Drawbacks

Likefolio can’t differentiate between mentions of a company that are positive or negative.

Wallaby

https://www.walla.by/
Platform(s)

Online, Android, iOS

Cost

Free

What Does it Do Well?

Wallaby helps users save money by helping them take advantage of credit card rewards, points, miles, and cash back. After adding the Wallaby browser extension, users shop like normal, and then Wallaby tells them which credit card to use to get the most rewards or cash back. The mobile app can help users on the go.

Drawbacks

Wallaby may not be useful for users with few credit cards or cards that do not offer rewards.

Simple

https://www.simple.com/
Platform(s)

Online, Android, iOS

Cost

Free

What Does it Do Well?

Simple is an all-in-one banking, budgeting, and spending option. After setting up an account and making an initial deposit, users receive a Simple Visa Card and access to features including automatic saving and budgeting, as well as photo check deposit and free check sending. Simple offers no overdraft, minimum, or monthly fees.

Drawbacks

Simple does not offer loan products or credit cards like traditional banks.

Wealthfront

https://www.wealthfront.com/
Platform(s)

Online

Cost

Free under $10k, .25% otherwise

What Does it Do Well?

Wealthfront is a low-cost wealth management service for regular people. Portfolios are held by Apex Clearing Corporation, and managed by Wealthfront. Wealthfront is like having a software-based financial advisor that manages your portfolio based on a personalized questionnaire, and then rebalances accordingly.

Drawbacks

The minimum account size is $5,000, a large initial investment for some people. Wealthfront picks your investments and allocates assets, and the individual is not able to have any input.

Earmark

http://ermrk.it/

Platform(s)

iOS

Cost

Free

What Does it Do Well?

The Earmark app helps users make spending decisions that help them reach their goals. Users create a wish list of items to save up for, such as a vacation or new computer. Every time users decide not to splurge on something else, that movie is added to their Earmark total.

Drawbacks

Earmark is not connected to any bank accounts and users cannot transfer Earmarked money from one account to another through the app.

Larky

http://www.larky.com/
Platform(s)

Online, iOS

Cost

Free

What Does it Do Well?

Larky alerts users to perks and discounts they could receive from their memberships and loyalty programs. Larky works for many kinds of memberships with rewards programs, including health care groups, AARP, Costco, gym memberships, and much more. Users input their memberships and then Larky alerts them to what deals and discounts they may be missing out on.

Drawbacks

Larky may not have certain programs or memberships.

Simplee

http://www2.simplee.com/
Platform(s)

Online, iOS

Cost

Free

What Does it Do Well?

Simplee is an expense tracking and budgeting program made specifically for health care accounts. Simplee helps users see how much they’re spending on total medical costs, out-of-pocket costs, deductibles, and doctor’s visits. Simplee also allows users to pay their bills to health care providers through its online program or mobile app.

Drawbacks

Simplee is connected with a limited number of health care providers, but plans to expand to more providers in the future.

Unleash

https://itunes.apple.com/us/app/unleash-cloud-cfo-for-small/id619447849?mt=8
Platform(s)

iOS

Cost

Free

What Does it Do Well?

Unleash bills itself as the “cloud CFO” for small business owners. Partnering with the Quickbooks accounting software, Unleash helps users determine their business’ financial health, and how their finances – income, spending, and savings – stack up to competitors.

Drawbacks

Unleash does not help users budget or track expenses; it is designed to grade a business’ financial health.

Shares 2

https://itunes.apple.com/us/app/shares-2/id717510981?mt=8
Platform(s)

iOS

Cost

$4.99

What Does it Do Well?

Shares gives users a simple, quick overview of the companies they have invested in. Shares’ clean interface allows users to see up-to-date tickers and the gains (or losses) of their investments at a glance.

Drawbacks

Shares does not offer any financial advice or help users create their portfolios.

TabbedOut

http://www.tabbedout.com/
Platform(s)

Online, Android, iOS

Cost

Free

What Does it Do Well?

TabbedOut is a mobile wallet that allows users to pay for restaurant and bar expenses with the touch of a button. For small business owners, Tabbedout can help them know their customers, manage, customer feedback, and reward loyal customers.

Drawbacks

Tabbedout is only for restaurants and bars. Not all restaurants and bars will accept payment via Tabbedout.

Estimize

http://www.estimize.com/
Platform(s)

Online

Cost

Free

What Does it Do Well?

Estimize sources financial estimates from a variety of individuals and institutions to provide users with a better idea of their future earning expectations.

Drawbacks

May not be useful for certain small business owners. Using Estimize requires higher than a beginner-level understanding of finances and markets.