With the advent of several financial technology apps on your app store, deciding what apps are what installing and those that aren’t can be a lot of work. 

If you’re looking to better manage your finances this year, whether through faster transfers, saving, investing or budgeting, we’ve got you.

This post will outline 10 essential finance apps you should consider installing in 2024. 

Ohentpay

Do you like to receive or send money abroad frequently? Then you need a money transfer app that offers favourable exchange rates, multiple currency pairs, low fees and instant transfers.

OhentPay is a money transfer service available in over 20+ countries including countries in America, Europe, Asia and Africa. The app is also very simple, intuitive and easy to use. 

Simply sign up with a valid government-issued ID and complete a KYC verification check which also takes less than 3 minutes.

The best part is that you can link a card and make transfers directly from that card abroad. Learn more about how it works here.

You need a budget (YNAB)

Living in the US or Canada? This app is a great way to keep track of your expenses and budgets across several bank accounts.

Think of it as an accounting system that allows you to see every transaction, filter through budgets and more. 

All you need to do is connect your banking apps so you can see all transactions, set up goals and start tracking.

It also has a loan calculator that helps you plan adequately for your debts and whatever interest rates you have. 

Unfortunately, it isn’t completely free. However, you get a 34-day free trial to see if it's the right fit. 

Experian

If you’re building your credit score and you want to track how well that’s going, Experian is what you need.

In addition to being a credit bureau, Experian shows you your credit score for free.

Every year, you also get a free credit report. This shows you your credit history, what you’ve been doing right and what you’ve been doing wrong (if applicable).

You’ll get recommendations on ways to improve your credit and your chances of getting a loan beforehand. The only thing you need to do is to connect your current bank account to see the details you need. 

Empower

Empower is another budgeting tool that provides a free budget planner where you can track and monitor your finances.

You can organise your spending by date, category or merchant, see how close you are to meeting your goals and make adjustments when you need to. It’s a very simple app and ideal for users who prefer fewer features and more functionality.

Splitwise

When you share bills with your housemates, go out to dinner with friends or pay for a trip with your partner,  you often need to split the bill. This app makes doing that easier.

It works like a social media app, where you can add your friends. However, there’s a feature where you can invite them to pay for a bill. 

You can even scan receipts for reference. It’s a great way to keep track of who owes you and who you owe. Once the debt is paid, the price is also updated. 

Starling Bank

If you’re in the UK and you need a current bank account with hopes of also getting overdraft payments, Starling Bank is a great finance app to consider. You can receive and send money locally, pay bills online and request for loans. 

There’s also an option to set up payments via direct debits and keep them on autopilot. The app provides multiple virtual cards for everyday spending and express tracking.

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Hargreaves Lansdown

At some point, you’ll need to consider investing as part of your personal finance. For opening long-term investments or short-term investments, we recommend opening an investment portfolio and this app helps you do that.

You can purchase stocks and shares across several companies, or just have cash that can be invested into other things. 

The app also offers an option to get advice from its investment team. You can look at trends in the stock markets, read the news on any updates and even set up watchlists on your favourite funds directly on the app.

MoneyBox

If Hargreaves seems a bit more complicated, an easier option to consider. With Moneybox, you can start investing with as low as $1 in top companies across the world.

The investments are well-broken down and easy to get started with. There’s also a roundup feature that rounds up every amount you spend and keeps the extra into a simple saver account. 

So whether you want to buy a new home, save for retirement, or generally have some emergency savings stashed, you can do this all from the app.

My Aviva

Insurance is still a huge part of your personal finances. From managing your car insurance to travel, health and property insurance, you need an app to help you keep track of all these payments.

My Aviva app is available in the UK and Canada which makes it an international insurance dealer. You can review your policies, sign up for a new one, make a claim and even get renewal reminders from the app. 

The app also allows you to make some investments, save for retirement, trace and consolidate your pensions amongst many other things. 

Acorns

Acorns is an investment app for mostly people looking to save up spare change in the US.

It has a micro-investing future that rounds up any amount you spend. So if you spend say $2.59 on coffee, an automatic $0.41 goes into an investment account on acorns. 

You can choose to save the cash, put it towards a retirement plan or simply invest it for returns. To get started, you need to get the debit card, top-up and use it for your everyday spending. 

These apps cater to various needs from basic budgeting to wealth management. They are all reliable and user-friendly.

However, they are only starting points. So we recommend researching thoroughly before choosing one that best suits your financial goals. 

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