I know that as a student, I like to know exactly how much money I’ve got in my account when I’m out and about. But having to log into your online banking portal via your browser can be a bit of a pain every time you want to check your financial affairs. Managing your finances, however, using your Android phone means you can update your account statements immediately giving you more control over your budgeting and a clearer overview of what you have and, more importantly, what you can afford to spend.
There is a wealth of personal financial software out there on the Market; these are my five personal favorites.
Financisto is one of the most popular personal financial software out there for Android and, coincidentally, one of the most feature-rich. It supports multiple accounts (so you can set up a separate account for your current account, debit/credit card and Paypal account for example), multiple currencies, scheduled transactions (e.g. standing orders) and it will even let you set up budgets based on your finances.
The app supports GPS allowing you to geotag your transactions (very useful if you’re abroad) and can sync your accounts and transactions with Google Docs. Financisto is completely open-source; if you like the application, you can donate to the developer.
Whether you use it for eBay, for transferring money abroad, or simply to complement your current account at your bank, Paypal is a very flexible (and cost-effective) way to manage your money. The Android application allows you to send and receive money on the go, check your account balance, and deposit and withdraw funds remotely.
There are a number of tools built into the application as well: a bill calculator allowing you to split a bill evenly, and another yool whereby you can “bump” phones together to send money across. The app is very functional and renders the web version of PayPal almost useless owing to the amount of features built into the mobile edition. It is extremely useful for frequent users.
Mint.com is a free online service available to residents of the U.S. and Canada to help manage their finances. The app automatically syncs to your online bank account services (and credit cards) and downloads transactions based on when you make them, meaning you don’t have to enter in your transactions manually.
You can set up separate accounts and the app automatically categorizes your transactions and produces personalized spending reports based on exactly what you buy. The developers are currently working on editions for other countries, so for those of you outside the U.S. and Canada, stay put for the time being – I’m sure it’ll be worth the wait.
Pageonce is a complete solution enabling you to manage both your finances as other things on your Android. Like the other applications featured here you can control multiple accounts as well as set up bill payment reminders on your phone (you can even view your bills on a calender). The application isn’t limited to personal banking: it can also track your investments, frequent flyer miles accounts and your phone usage (such as your texts, minutes and data usage).
Pageonce is extremely easy to use and syncs well with the web interface (though you’ll need to sign up for an free account to use this), however the Pro edition is a little pricey for the average user.
Expense Manager may look like a simple application but don’t underestimate its features. It can track your expenses and incomes on a weekly, monthly and yearly basis and supports multiple accounts and recurring payments. The app also conveniently charts your expenses by month and category, which is useful if you want to track your spending each month and makes budgeting easier.
Expense Manager supports SD backup and can alert you when your bills are due. It’ll fool you with its deceptively simple interface but don’t misjudge the punch this little application can provide.