Business is not a cakewalk for each and everyone. To hold a business and make it reach success a lot of hard work and persistence is required. Being young entrepreneurs and businessmen can be a challenging task as a lot of efforts and dedication is needed keep going. Along with the various challenges laid in the path, the most important and crucial one remains is the financial aspect.
Though important they are, equally they are relented and put into the back burner to deal with later. For young entrepreneur has a lot of options to choose from in case of applications that helps in assisting in various tasks and make them easier.
Here are listed 6 money management apps for young entrepreneurs to look out for.
Mint is an all-encompassing application which allows the user to integrate his/her bank account with the app. The app later on notifies the user whenever there is any payment due. The user can categorize his payments based on categories listed and prioritize accordingly.It allows the user to create expense reports, budget, have a savings plan implemented all features and services served at one platter.
This application is available for free on iPhone and Android mobiles.
- Pocket Expense
Pocket Expense assists in tracking spending by presenting a clear picture of the expenses incurred. Unlike Mint, this app doesn’t link itself with the app, instead all the transactions have to be entered manually. You can enter your expenses and savings, differentiate them clearly as this app denotes separate colors to debit and credit. Green for credit and red for debts and expenses.This app helps give a clear picture of how much has been spent, how much needs to be spent and track your multiple saving accounts.
This application is available cost-free on iOS systems.
As a businessman one would constantly have to deal with various transactions and payments. Venmo app helps in providing easy assistance with regards to transfer of money. With this app one can easily transfer payments from one person to another irrespective of which place they are residing. It helps by linking the phone contacts and facebook network with itself, making it easy to search for employees coworkers, clients, friends etc.Additionally, unlike other payment transfer apps, Venmo doesn’t have any limit put up in case of amount needed to transfer money, neither does it have any transfer fees involved nor are we supposed to fill long forms.
- Pocket Analytics
Pocket Analytics consolidates all the data into one place making it easy for you to read later. It assists in quickly analyzing the sales and traffic data from third party analytics easily from the phone. Its feature provide customizable data and graphs to look into allowing to access information needed through drag and drop option.
Similar to Mint, Expensify integrates itself with your bank account and credit card, letting you know whenever there is any payment to be made. It has special features like SmartScan, add expense. SmartScan lets to photograph, scan, tag receipts and add them to expense reports, adding merchant name, total amount spent and date of each expense. Add expense feature lets you categorize your expenses separately in different categories. Along with features for managing money, it also provides additional features like track time and track distance which lets you track the estimated time and distance by syncing your app with GPS.
This application is available for free on Android, iOS and Windows phone.
Just like you are habituated in putting money in envelopes according to our daily expense wants and needs. Mvelopes works in similar way by allocating amounts of money in various sections. It further assists by categorizing them on daily, weekly, monthly basis by selecting a particular date. This helps in tracking our money expense pattern. Mvelope also has a special feature called “irregular” that lets you track spending that isn’t routine and extra like birthday gifts, holiday and vacations.
This application is available for free on iOS and Android phones.
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- 6 apps that can make the life of a young entrepreneur easy - February 12, 2017