The advent of smartphone technology gives us an opportunity to manage our money easier than ever before. With hundreds of thousands of applications available for download, though, it’s hard to know which one will work best for your needs. With that in mind, we’ve reviewed some of these apps and decided on three that we think you’ll find particularly useful.
With all the applications out there, pages and pages could be written on ways to save money. However, ATM Hunter is so useful that we couldn’t resist adding a note about it here. Ever been stuck with an empty wallet at a place that only takes cash? ATM Hunter from Mastercard is freely available for iPhone and Android users. It automatically uses your location to determine the nearest ATM, and you can specify which bank you’d like to use to avoid fees. There’s nothing worse than getting to the front of a store’s checkout line only to realize that you need cash. This makes the problem slightly less annoying.
Loan Shark, from FoggyNoggin software, may not be an app that you’ll use every day, but when you need it, it’s great at what it does. In addition to being a basic loan calculator, it displays a complete, in-detail amortization table. If you make an extra payment, it shows you how that will affect your loan over time. Just input as much information as you have, and Loan Shark does the rest. You can save different loan scenarios to analyze later, which is helpful if you’re at the bank and want to discuss it at home, or compare it side by side with up to nine other loan scenarios. The location sensor shows you which banks are nearby, and it even calculates the exact date you will be debt-free. Best of all, the graphics are clean, easy-to-read and gorgeous! The Loan Shark app is only available for the iPhone, and costs $2.99.
eBay users and frequent online shoppers will be familiar with PayPal, as it is the most ubiquitous method for making payments online. Essentially, PayPal safely and securely connects to your bank account, allowing you to send or receive payments from a variety of sources without having to exchange credit card information, checks or paper money. The app, available for both Apple and Android users, is almost identical to the website, although it has a few extra features for those who are mobile. There’s a calculator for tips and splitting bills, and a local feature showing what businesses in your area accept PayPal payments. This app is free and available for Android and Apple phones.
We live in a golden age of technology, and you can really make it work for you. These apps are easy to use and solve problems many of us deal with on a weekly basis. You’ve got the smartphone – now get some smart applications!