Do you struggle with your finances? Thanks to the variety of personal finance apps available, money management can become second nature. Depending on your needs, you can download apps to help you save money, budget, or to get you started with investing in the right assets.

However, with such a variety of personal finance apps, it's difficult to identify the best ones. To assist you, Below find a list of the top seven personal finance apps.

Ross Pamphilon's Top 7 Personal Finance Apps of 2019

Try Out Mint

Mint is a free personal finance app which syncs all your accounts into a single interface including credit/debit cards, bank accounts, or PayPal. It's developed by Intuit and has reached over 20 million active downloads. Additional services include free credit scores, incoming and outgoing cash flows, budgeting, tracking investments, and loans or options to save money.

But is Mint safe? That's the main concern for many users due to the security breaches and hacking risks of even the largest financial institutions. So, to prevent any security risks, Mint uses a mix of top-safety measures such as 128-bit SSL encryption, 256-bit encryption for its server, and monitoring through VeriSign or TRUSTe.

About YNAB

YNAB provides monitoring of your cash flow as well as support to help you handle financial distress. Although it's available at $6.99/ month, its features are worth the price.

You'll learn how to overcome a paycheck to paycheck lifestyle, eliminate any debt, and start saving money.

YNAB's strategy comprises three rules, including giving each dollar a purpose, monthly allocation of money to expenses, and overspending anticipation. The app aggregates all your accounts and automatically provides an overview of your financial position.

A Few Words About Doxo

Doxo is an innovative app which centralizes your household financial information such as bills, family documents, and connects with your services or utility providers.

The app allows you to save info such as insurance cards, business cards, invoices, receipts, and offers an overview of your household accounts. You can share documents via email or print them out, and with the document viewer, you can optimize PDFs. Also, to prevent you from forgetting important matters, you can add reminders and write notes onto your documents.

Safely Spend Your Money with PocketGuard

PocketGuard focuses on personal finance management to help you track bills, organize and classify your expenses, create budgets, and identify any billing errors on your debit or credit cards.

The app's features help you build wealth over time. And, it offers a real-time report on the money you have available after paying your regular subscriptions.

Also, PocketGuard syncs your bank accounts and tracks your transactions using hashtags. For example, you can track all transactions related to a trip such as accommodation, restaurants, and others by adding a hashtag followed by the city where you spent the money. And, to reduce your expenses, you can set different spending limits.

Prism Is Not Just Another Budgeting App

Prism is a free and easy to use app which helps you organize and pay your bills on time. It centralizes all your accounts and bills on a single user-friendly platform. And, to prevent you from incurring delays on your payments, it sends you notifications.

When you receive a new bill, you're redirected to the bill pay screen. And, when you're ready to pay, schedule your payment by swiping down on the screen. Prism will confirm the scheduled date for payment and will carry out the procedure automatically. The app is perfect for keeping track of your household expenses.

Robinhood Is Your Go-to App for Investing

Robinhood is your number one choice when you're looking for help to manage your investment. It's free from commissions and helps you place your money in stocks, cryptocurrencies, options, and ETFs (exchange-traded funds). The app's monetization model is based on upselling high-quality services such as payment for order flow and margin trading.

Also, Robinhood is a pioneer in offering Bitcoin trading. As a special feature, you'll notice cards appearing on your screen, which provides up to date news alerts and market data. They'll help you make the right decisions when investing.

SigFig Streamlines Your Investment Portfolio

SigFig helps you build a diversified investment portfolio, track it, and automatically make the necessary updates, so you stay on track. After syncing your accounts, you'll have an overview of your investments in a centralized and user-friendly design.

This robo advisor also provides professional asset management features which help you maintain a balanced portfolio to optimize your earnings. The minimum required investment is of about $2,000 and you get free management for your first $10,000, following which you'll pay an annual fee of up to 0.25% on $10,000.

A Few Last Words

You'll find a variety of personal finance apps available for download. However, choosing the best apps which will make a real difference in your daily life isn't an easy task. With requirements such as budgeting, tracking your spending, saving money, managing bills and investments, and protection from fraud, you'll need fully integrated apps comprising specific features. The apps listed in this article will not only cover these points but will also teach you to be disciplined with your money and will allow you to become financially literate and secure.

About: Ross Pamphilon has more than twenty years of experience in trading, portfolio and risk management. Ross Pamphilon has experience in a wide range of fixed income areas including managing and investing in sub-investment grade securities.