The uses of the iPhone and the iPod Touch as PDA devices are becoming pretty well known, and 3rd party application developers are jumping at the bit to develop apps that offer the full functions of PDAs. In the realm of personal finance, that means iPhone apps that help develop savings goals, organize costs, and help people conserve their money.
Here are four free iPhone finance applications that you can use to get your money organized, and that can help you save for your future.
1. Mint.com – This application syncs with your online bank accounts, so you don’t have to constantly update it. It can give you the current status of your retirement accounts, including 401ks and IRAs. All of your purchases are tracked and can be arranged, allowing you to see how much money you’ve spent in certain categories, for instance food or gas, and figure out the best way to get those costs down, leaving you with more money each month. It’ll also tell you when you’re low on money on a certain account, which lets you avoid overdraft charges. You have to have an account on Mint.com, but it’s free to set up and actually makes personal finance fun.
2. Converter Pro – Avoid overpaying when traveling abroad with this application, which provides easy currency conversion on-the-go. This application pretty much does what it promises, and nothing more, but it’s great for anyone who travels a lot, as its currency conversion stays up to date, even to the minute if you’ve got access to an Internet connection.
3. Spend Lite – Develop a budget that you can stick to with Spend Lite, which is the free version of the Spend application. You can log new transactions and quickly see the areas of your budget that are taking the most from your bank account, and it doesn’t require Internet access, so if you’ve got an iPod Touch rather than an iPhone, this might be your best bet for a finance application. The full version of Spend gives you more time options for budget, but daily or weekly budgets can be created with the free version.
4. Balance – As its developer says, this is basically just a digital version of a checkbook log; you keep track of your balance, and that’s pretty much it. But for on the go people that typically use more than one checkbook, it’s a great way to keep track of where your finances stand. It works well, for what it is, and hey, isn’t that all that matters?
What are your favorite free finance applications on the iPhone? Post in our comments section below.