Using Mobile Apps to Monitor Your Finances


The vision of tacky dressed accountants with green visors crunching numbers on a ten-key have been replaced by that of a person dragging items into a folder on a smartphone in order to transfer account balances. Instead of long paper trails and countless time spent with stacks of money, today's society likes to keep things neat and simple with their finances.

Here are a couple ways to make the most out of your smartphone and keep your money organized:

Online Banking Apps

If your bank does not have its own app or allow access to online banking services, you are probably in a very small minority. It has become the industry standard to view your accounts and finances from your personal computer or smartphone. Most major banks have teams of programmers and designers keeping up-to-date with the latest technology in order to make organizing and viewing your finances on a smartphone a simpler process. Apps from Bank of America, US Bank, and Chase allow you to transfer funds, check balances, and pay bills without having to leave the office or your home.

Keeping Up-To-Date with the Latest Info

The most popular financial application is from the website It allows you to view information about your money stored at several different locations by simply logging into their website or app. You can also use it to track where you spend money and see where most of it is going.
For those interested in stocks and investing, large corporations like E-Trade have created apps which allow you to make trades and get stock information through your phone. The Retirement Calculator provides a service which allows you to estimate how long it will take you to reach your retirement goals and tips on where to spend your golden years. News authorities like Bloomberg and Huffington Post also offer apps to get the latest business and financial information.

Making Sure Your Info is Safe

There are also several security dangers that come with using technology for your personal finances. Most mobile web browsers and applications store your information in the form of cookies for faster access to their website. While this is a useful technology, if someone were to steal or find your device they could have access to log-in information, pin numbers, and personal balances.

With mobile payment systems like Square and Google Wallet, a thief could take your phone and make transactions with businesses that use the technology. It is a good idea to clear your browser history, put a password lock on your phone, and keep your device close to you while in public. You can go even further by looking up any sort of antivirus software. They even have an Android app called Trend Micro Longevity that lets you extend your smartphone's battery life.

Keeping track of how you use your money is now as easy as logging into an app. Soon the need for physical bank locations will be minimal. What apps will we need then?

About the Author: James is an avid designer and coder since he was 12, James writes and curates topics on both basic web development and advanced languages with a particular focus on mobile. Read his thought on tech on Twitter and his favorite articles on Google+