As any financial advisor will tell you, the first step to growing your money is knowing how much you have to begin with. The best personal finance apps for your iPhone or Android phone can tell you that, anytime and anywhere you’re holding your smartphone. Personal finance apps extract real-time data from all your financial service providers, including banks, investment houses, PayPal, lenders, and loyalty rewards programs, to paint the most accurate portrait of your finances on the fly. This is a far cry from the pre-PC days when tracking your expenses involved saving receipts, writing down transactions, opening paper bills, and going to the bank every now and then.
With a personal finance app, smartphone owners really have no excuse to go into overdraft.