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The best personal finance software in 2018

Looking for better ways to organise your finances so you can keep an eye on just how much you are spending? Well, consider using an app. There are numerous personal finance apps available across the internet, that can help you easily keep on track of how much money you are spending each month. We give you a run through of some of the best available.

Debt manager

At some point or another, many of us end up in some form of debt. This might be that existing student loan you have, a mortgage or even an overdraft. Unfortunately for some, money woes about debt can end up spiralling out of control.

If you have a number of credit cards, bills to pay or your repayments for guarantor loans and are prone to get overwhelmed by money troubles, why not consider Debt Manager?

It helps make getting on top of your debts far easy than doing it yourself. It organises and tracks any money you owe, as well as including features such as your payment progress and how much you want to pay each month and how you can do this.

UK Salary calculator

Considering a new job? The UK salary calculator might be something you should download. Why? Well, it calculates on your behalf the take-home salary of any job you put it (it also takes into account your annual, monthly, hourly and daily wage. It will also take into account any existing loan repayments, tax contributions and pensions, and then compares the take-home salary between old and new positions. This can save a considerable amount of time, as doing this yourself can be extremely consuming – not what you need when you are on the job hunt.

Clearscore

Want to apply for credit, but a bit unsure as to how good your credit rating is? Some credit reference agencies will provide you with your credit file at a cost, or tend to be quite complicated. However, not Clearscore. Clearscore is an app that means you can access your credit report for completely free.  It doesn’t even need your bank details, that’s how easy it is! The app also updates you regularly on your score, such as if it has recently changed, as well as checking your financial information. It is FCA regulated and 100% secure.

Official HMRC app

Completely free, the official app from HM & Customs helps to make paying taxes a much easier task. It helps to give you estimations on how much you will need to pay as a UK taxpayer when it comes to National Insurance and Income Tax, as well as providing easy access to any HMRC forms you may need.

PayFriendz

Available for free on both Android and iOS, this excellent app makes the process of paying back friends easier. This isn’t always the easiest of tasks – trying to remember all the sort codes and account numbers, or having to rummage through storage to find a card reader, just so you can pay back that taxi money. Well, the Payfriendz app takes away the hassle, enabling you to pay your friends in a matter of seconds.

Moneybox

Moneybox rounds up small purchases through an amount set by you, and this money is then invested in stocks and shares.

Chip

This very clever app calculates your monthly spending habits and then uses this financial information to work out how much you will be able to put away in a savings account – all without affecting your daily spending habits. How good is that? This money is put into a separate CHip account and accrues an interest of 1 per cent. However, the interest could reach up to 5 per cent if you recommend the Chip app to friends and family.

The Chip app is regulated by the Financial Conduct Authority too, meaning that your money is safely secured should the company go bust. it is compatible with the following bank accounts:

  • Metro Bank
  • Co-operative Bank
  • Lloyds
  • Nationwide
  • First Direct
  • HSBC
  • Barclays

PensionBee

if you are trying to keep a track of pension savings, the PensionBee app could be just the ticket for you. It helps to organise all your different pension pots and manages them, consolidating the pensions into one simple app with them all in one place. It is also completely free to use.

 

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