Finance Apps: Why Does Your Wallet Need Them?

Personal finance is becoming increasingly important in today’s world. And with how 2022 is shaping up to be, working on more financial literacy and preparedness doesn’t hurt.

But in this online ocean of budgeting tools, it’s about time you put the spotlight on apps like HUMANITI and what makes them the best for you.

Track Your Monthly Expenses

When it comes to budgeting, tracking your monthly expenses and knowing your cash flows is the standard. And it’s often the most basic function found in most tools. However, these applications only ever provide the bare minimum and nothing more than fancy graphs. And in reality, what you need is access to comparisons and summaries.

While people are still using self-made spreadsheets, they can be challenging to set up. And all it takes is one wrong input, and your functions will go haywire. In contrast, this personal finance application cuts out all the fluff and centralises vital information onto one accessible dashboard.

● Compare Your Biggest Spenders

Although most people believe that they’re doing their best to save, everyone’s got their shortfalls. And knowing your biggest spenders comes first. Luckily enough, everything is ready in your choice of presentation. And what’s more, they also track your subscriptions and how others compare to you. So whether groceries or miscellaneous foot the biggest bill, you won’t have to rummage through receipts. 

● Highlight Areas of Improvement

Apart from categorising different spending areas, you can also highlight areas of improvement, which will help fast-track your progress.

Even if one knows something doesn’t feel right, chances are they won’t act upon it unless it’s right in front of them. And that’s where a budgeting app helps. With it, you can highlight the differences in your spending from previous months. And you can also compare your super balance to others in the same demographic.

Earning a Little Bit Extra on the Side

While people may have different opinions on today’s hustle culture, nobody turns down opportunities. And any chance to earn extra is always a welcome addition. But sadly, that’s where most budgeting tools fall short; they’re only suitable for gathering your bearings. And there’s never an option to expand or grow how much you have.

However, a personal finance application actually offers the chance to earn a little extra on the side. And with a few surveys, you could easily pay for your next meals. Sure, some would argue it’s not necessary for a budgeting tool. But you can be sure that every bit of help matters, and it’s a step in the right direction.

Preparing for Rainy Days

Lastly, one of the best features of apps like HUMANITI offer is that they can help you prepare for rainy days. And with the state of the global markets, it’s more of a “when not if” situation.

In such an application, you can easily connect all of your financial accounts and monitor them from one interface. And you get instant access to your entire net worth. In fact, you can also view your investments from the same dashboard. And you can optimise your assets according to performance and other available metrics.

And So Much More for the Price of Nothing!

But, if it is to highlight the best thing about these apps, it’s the fact that some are very reasonably priced. This means you get all of the advantages without spending a fortune.

So even if you’re not a finance connoisseur, best believe that it’s the perfect jump-off point for anyone looking to improve their financial future.