Choosing the Best Personal Finance App - Isn't That Rich Podcast | Episode 73

Today we’re exploring the world of personal finance apps. With so many options available, it can be challenging to choose the right one. In this episode, we’ll break down the key features to look for, compare popular apps, and provide tips on how to select the best app for your financial needs.

1. YNAB (You Need a Budget)

Cost: $14.99/month or $98.99/year
Pros:
Emphasizes proactive budgeting
Goal-setting and progress tracking
Excellent customer support and educational resources
Bank synchronization
Cons:
Steep learning curve for beginners
Relatively expensive
No investment tracking
2. EveryDollar

Cost: Free, EveryDollar Plus: $12.99/month or $79.99/year
Pros:
Zero-based budgeting method
Easy-to-use interface
Syncs across devices
Integration with Ramsey+ for additional financial tools and resources
Cons:
Bank synchronization only in paid version
Limited investment tracking
Can be expensive for full features
3. Personal Capital

Cost: Free (basic features), Wealth Management services have a fee based on assets under management
Pros:
Strong investment tracking and analysis
Comprehensive view of financial accounts
Retirement planning tools
Free financial tools
Cons:
Focus on wealth management clients can be off-putting for budget-focused users
Can be complex for simple budgeting needs
Persistent upselling of advisory services
4. PocketGuard

Cost: Free, PocketGuard Plus: $4.99/month, $34.99/year, or $79.99/lifetime
Pros:
Simple, easy-to-use interface
Automatically categorizes expenses
"In My Pocket" feature shows available funds after bills and savings
Financial goal tracking
Cons:
Limited customization of budget categories
Free version has limited features
No investment tracking
5. Goodbudget

Cost: Free (basic), Plus: $8/month or $70/year
Pros:
Envelope budgeting system
Simple and straightforward
Syncs across multiple devices
Debt tracking and management
Cons:
Manual entry of transactions
Limited features in free version
No bank synchronization
6. Simplifi by Quicken

Cost: $5.99/month or $47.99/year
Pros:
Real-time updates on spending and budgeting
Personalized insights and spending plan
Easy to set up and use
Tracks subscriptions and recurring expenses
Cons:
Subscription-based model can add up
Limited free trial period
No investment tracking
7. Tiller Money

Cost: $79/year
Pros:
Automatically updates Google Sheets or Excel with bank data
Highly customizable
Daily email summaries of financial activities
Strong community and support
Cons:
Requires familiarity with spreadsheets
No mobile app
Limited to Google Sheets and Excel users
These apps offer various features and cater to different budgeting styles, so selecting the right one depends on your personal financial goals and preferences.
Farmers State Bank| 618-998-1188 | Alto Pass- Harrisburg - Marion| IL

At Farmers State Bank, the core of our story is a simple truth: no one serves you better.

We can honestly promise this because we work harder and care more. We’re going to do whatever it takes to make you happy. But it’s not difficult. We simply treat you the way we would want to be treated.

At Farmers State Bank, we remain true to this core value of service because it’s the same on which we were raised. Only, who knew it would also turn out to be a great foundation on which to build a bank.

You see, Farmers State Bank is independently owned. So we have the freedom to be as friendly and likeable as we please. We take our cues from you. And you rely on us to serve you with everything we’ve got, today and for life. We know that kind of lifelong loyalty is only deserved when we provide you with consistently better service than you can find anywhere else.

Farmers State Bank.
No one serves you better.

http://www.myfsb.com


Locations:
Alto Pass - 55 North Elm St, P.O. Box 70 , Alto Pass, IL 62905
Harrisburg - 555 S Commercial, P.O. Box 250, Harrisburg, IL 62946
Marion (west) - 2806 Outer Drive , P.O. Box 1717, Marion, IL 62959
Marion (east) - 1106 W DeYoung , P.O. Box 1717 , Marion, IL 62959