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Manage Your Finances Efficiently Using These Must-Have Mobile Apps


Bangaluru, Oct 21, 2020: Smartphones have made money management easy. Several mobile apps help in simplifying daily finances. You can perform various financial activities like applying for a loan through instant loan apps, budgeting, paying the bills or transferring funds.

Here are some mobile apps that you must have:

         1.      Budgeting and Expense Tracking Apps

Budgeting can be tricky.Luckily, there are several budgeting and expense tracking apps that will help you do the same.These include:

           a.      Mint: This app lets you know when the bills are due, what you owe and even gives you advice on how to gain control over your spending.

      b.      Wally: This is a free app that allows you to track every single expense.

      c.       Tycoon:The best app for freelancers, where they can standardize the details of their freelance projects. You can put a timetable and keep track of all the payments that have already come in or are past due.

Other popular apps include Personal Capital, You Need ABudget, and Mvelops.

             2.      Money Transferring Apps 

If you want to transfer money to anyone at any time, use a money-transferring app. The money gets transferred instantly and safely. Some examples include:

             a.      Google Pay: It is a digital wallet platform that lets you transfer and receive money. You can even make payments.

       b.      PayPal:It is one of the most popular money-transferring apps where you can easily transfer money in any currency.

        c.       Moneymailme: This is a social money transferring app that lets you receive and transfer payments.

Other examples include Paytm, TransferWise, and Venmo.

              3.      Instant Personal Loan Apps

Need a loan instantly? Forget about making rounds of the bank and whip out your smartphone. Numerous apps allow you to apply for a personal loan:

                   a.       MoneyTap: One of the best Instant personal loan apps, MoneyTap allows you to apply and get approved for a loan in a matter of minutes. The documentation process is simple and the interest rates are low. It has a no-usage-no-interest feature.

b.      PaySense: You can check your loan eligibility, submit your KYC details and receive loan approval within 5 hours. You can get a loan of up to Rs 5 Lakh.

c.       IndiaLends: It offers competitive interest rates and disburses the loan within 48 hours.

                  4.      Loan and Insurance Comparing Apps

If you are planning to apply for a loan, make sure you compare loan offers first. This will allow you to choose a loan with the best features. These apps can help you with that:

              a. Bankbazaar: It allows you to compare and apply for loans and credit cards instantly. You can even compare interest rates on different types of loans.

 Policybazaar and Paisabazaar are other similar apps.

Other apps include IndiaBulls, LazyPay, and Bajaj Finserv.

               5.       Investment Apps

These apps help you get your financial life back on track. They guide you on how to investin the right places, handle financial tasks and track spending.

                 a.      ET Money: This is one of the best investment apps out there. You can invest in mutual funds and even apply for instant personal loans through this app.

Groww and KFinKart are other examples.

 6.      Online Recharge and Bill Payment Apps

Bill paymentsare now easy, thanks to various apps that allow you to recharge or pay your bills.

            a.      PhonePe: It’s a UPI-enabled app that links directly to your bank account. You can pay utility bills, transfer funds, request money, and do mobile recharges.

        b.      Amazon Pay: This digital payment app is integrated into your Amazon account. You can add money to your account and make payment for purchasing goods and services.

       c.       Freecharge:This was one of the first online recharge and bill payment apps. It has a simple process and offers various coupons that you can use at its partner stores.

Others include PayZapp, Mobikwik, and Tapzo.

Don’t take the stress of managing your finances, going to the banks for loans, or running around to pay the bills. Just download these apps and make your financial life much simpler.

Author Bio:

Shiv Nanda is a financial analyst who currently lives in Bangalore (refusing to acknowledge the name change) and works with MoneyTap, India's first app-based credit-line. Shiv is a true finance geek, and his friends love that. They always rely on him for advice on their investment choices, budgeting skills, personal financial matters and when they want to get a loan. He has made it his life's mission to help and educate people on various financial topics, so email him your questions at [email protected].




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