We’ve reviewed the best budgeting apps to help you get through the pandemic and subsequent recession while still staying on top of your personal finance goals. However, learning how to budget your money is only part of the battle. Managing your bills according to your budget will help you save even more while also providing you with a broader snapshot of your finances in general.
From the ability to track upcoming bills that are due to apps with features that allow you to factor bill payments into your overall budget, bill management apps should be one of the many tools you have in your personal finance and budgeting arsenal this year. Not sure which one to go with? We’ve ranked the top five for you with a comprehensive breakdown of the features you’ll love from each app the most.
Best Bill Management Apps in 2020
The best bill management app out there? We’d have to go with Prism which, unlike some of the other apps on this list, is an app dedicated solely to bill management. It’s free to download and use, which is definitely one of the biggest perks. If you’re not interested or don’t need full budgeting features of other personal finance apps but simply need help with reminders and payment notices, Prism is the best app for you. You can see your income, account balances, and expenses at a glance and the app will factor that into your bill payments when sending you reminders and important updates about balances due.
Mint is easily one of the best budgeting and personal finance apps out there, offering users the chance to engage in all-around budgeting strategies that include more than just bill management. However, we’d also suggest it as one of the best bill management apps as it provides you with the ability to integrate bills into the wider overview of your finances in general. From credit card balances to bills and credit scores, Mint brings everything together in one place that makes navigating your spending easy. If you need more than just a mere reminder that a bill is due, then download Mint to help integrate monthly bill payments into your overall spending and expenses budget.
Everybody knows and loves Quicken, right? Right! It paved the way for other personal finance software to thrive, debuting back when you had to go to the store to pick up a physical copy of the software just to use it on your desktop computer. You can now link all of your financial accounts to Quicken online and pay to use the service via their subscription model (which, in our opinion, makes this app a bit less ideal for those looking for more budget-friendly, free bill management options and apps). Through the platform, you can view all of your monthly bills in one column and set up email or app alerts according to due dates. And, to top it all off, you can pay bills via the app. So, it’s worth it for what you’re paying for; it’s free for the first 15 months and then just $9.95 for the Bill Pay feature after that (or more for other premium features).
Personal Capital is a free budgeting app that does more than just help you track your bills. In this sense, it’s a lot like Mint and Quicken. However, it also ensures that your bill payments and notices are a part of the larger picture when it comes time to manage your spending and get your expenses in check. With advanced tracking tools, you can see where you’re spending your money and on what to analyze habits over time and make changes. On top of that, the bill management feature is top-notch, allowing you to view your bills and credit card payments to ultimately project your spending based on minimum payments and due dates.
Perhaps the most intriguing and useful feature you’ll find when using Home Budget is the Sync option, which allows a group of devices (users) within the household to sync their spending, expenses, and income information to the overarching account. This means that you can set up a family budget and include both you and your partner’s comprehensive financial information to see how much you guys have leftover to manage and pay bills. The integrated expense tracker will track everything from individual expenses to account balances and bills-due. This allows you to set up notices and reminders while also incorporating monthly payments easily into your charts, graphs, and budget for future use.
Saving More For With Budgeting Apps
Budgeting and personal finance apps are a great way to control your spending and optimize your savings long-term. However, using an app isn’t the only way to get your savings under control. You can sign up for a high-yield savings account and invest your money in that. Or, you can simply spend using a savings-optimized debit card.
Our FDIC-insured 100% free Cheese Debit Card can earn you a lot by cashback and saving bonus. Saving money doesn’t get easier than that, which means you’ll have lots of extra cash left over to work with when it comes time to pay the bills.
Interested in learning more? Sign up today.