5 Free iPhone Apps To Get Your Finances On Track

The iPhone 4

You like saving money. Okay, maybe on things other than your high-dollar iPhone. Well, now that you have one, wouldn’t you say it’s time to put it to good use and improve your finances? Here are five iPhone apps that are sure to put you on the right track.

1. Ask Dave Ramsey

That’s right! Dave just released his first iPhone application. The app taps Ramsey’s vast database of questions and answers from his radio show. Learn about all kinds of topics such as insurance, mortgages, taxes, bankruptcy, budgeting, and so much more! Dave’s app is currently the #1 free finance app in the App Store. The great thing about this app is that it gives you a concise, text version of the audio clips – perfect for learning during coffee breaks. For more info on Dave Ramsey, read all about his 7 Baby Steps.

2. Mint.com

Perhaps one of the most robust, free financial applications in the App Store. As discussed in this review of Mint.com, Mint now allows you to track your income for budgeting purposes. With Mint, you can attach many of your online financial accounts to get a bird’s-eye view of your finances. I love the budgeting progress bars, which show you how much you’ve spent in relation to where you are at in the month.

3. PayPal.com

Everyone knows and loves PayPal. But did you know you can send and receive money on your iPhone with the PayPal app? If you’re an online entrepreneur or an eBay enthusiast, PayPal for the iPhone is for you. One hidden but nice feature about this app is that you can set up payment reminders – never forget a payment again!

4. ING Direct

I’m a big fan of the Orange Savings Account, and now fans can manage their ING Direct accounts easily on their iPhone! You can use bill pay in order to take care of your payments on the go. Highly recommended!

5. Balance

For those of you who are looking to replace your balance register, try this free app! It’s simple and straightforward. Easily enter all your accounts, and process transactions as you make them. This is a great alternative to pen and paper.

How To Make Them Work For You

It can be tempting to use finance apps as an alternative to cash. Instead, try taking a hybrid approach – use cash and debit cards along with electronic tracking of your accounts. The envelope system is great for people on a tight budget, as it is visual and therefore difficult to hand over cash without thinking about how much you have left to spend.

So there you have it – five iPhone apps to get your finances on track! Perhaps you use a different platform – maybe Android or Windows Mobile. Let us know a few of your favorite financial apps in the comments below!

Hot Tip: Many AT&T customers aren’t aware that they can now save money on their data plan. The vast majority of iPhone owners are paying $30/month for unlimited data. Do you really need unlimited data? Visit AT&T’s website to check on your data usage if you’re a customer. AT&T now offers a $15/month plan for 200MB, or a $25/month plan for 2GB of data transfer.

Photo by Jorge Quinteros

  1. Kathy

    Will Dave Ramsey’s app be available for the DROID?

  2. Markus

    I for the life of me can’t understand why people still listen to Dave Ramsey. Dave is a dynamic speaker, and has a wonderful testimony, but the one size fits all approach to finances just doesn’t make a whole lot of sense and can be quite discouraging and frankly dangerous.

    I haven’t seen his app yet, but if the advice given through the app is anything like what’s on his radio show, I would suggest users seek a professional financial adviser for guidance.

    I can think of a dozen apps maybe more that should be on this list instead of Ramsey’s.

  3. Jerret

    I’m with Markus. Now I get to hear Dave Ramsey whine any time, day or night 🙂 All kidding aside. I think DR is a great guy and I respect what he’s done and what he’s doing. I used to listen to him every day.

    But he has morphed into a major “be-hind”. Tough love is good. But tough love all the time makes you look like a jerk. Listening to his show is like listening to someone run their finger nails down a chalkboard over and over again at 90 miles per hour.

    Thanks for the other suggestions. I would like to get an iPhone just for the Mint app!

  4. Sasha

    Another free app that I really like is the Wikinvest Portfolio Manager app. It lets you track all of your investment accounts all in one place, and it synchronizes directly with your brokerage accounts.