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5 Tips to Find the Best Financial Advisor App

Pick an Easy-to-Use App to Get Started

Finances are always a precarious topic, no matter how much or how little you have in your bank account. Managing your funds can be a complicated matter and often you will wish that you had a financial advisor by your side who could guide you through the nooks and crannies of it all. Even if it cannot replace a qualified professional, an app can still give you a few good pointers and lead you toward better money management. Still, with such a wealth of software out there, it's not always easy to choose the right one for you.

If you are only starting to get your finances in order, an app with a simple interface could be your best bet. The more straightforward it is, the less you will have to fiddle with it, trying to figure out what's what. Software aimed at beginners which doesn't cost much should still have enough functionality to cover most of your needs.

Still, it is not just the design that ought to be taken into account. The number of options is also something to consider. Too many bells and whistles can be confusing to a beginner. For now, avoid a massive piece of software and instead simply search for a compact yet potent digital tool. Don't forget to read the reviews and see what other users are saying.

Choose Free Software & Save Your Pennies

Since we are dealing with finances, it is safe to assume that you are aiming to save some cash. In today's economy, it is only reasonable to do so. You never know what new, unexpected expense might rear its ugly head. Because of this, it is always wise to curb your spending. A financial advisor app can easily be had for free - if you are willing to put up with an ad here and there, that is - so you can even save while managing your budget.

Of course, such free apps will sometimes have limited functionality. They will do most of what they're supposed to, but some of the more premium options will be hidden behind a paywall. In order to unlock them, you will need to spend a couple of dollars.

Naturally, the best of the best will cost a bit more. If your needs are complex and you also wish to maximize your profit in the realm of business, a paid app will practically be a must. Such a premium financial advisor will include an expense tracker, mortgage calculator, access to online forums, and an endless string of other neat features.

Focus on Personal Finance to Take Control of Your Budget

An impulse purchase here, a minor overdraft there, and a few other mistakes along the way can easily take you down the rabbit hole. For most people, the main role of a digital financial advisor will be to get their home budget back in order. If your aim is to take care of your household income and maximize the use of funds available to you, then an app focusing on personal finance will be your best choice, regardless of whether its for iPhone or Android.

Taking care of what you already have will, naturally, be only half of the story. The other half will be your dreams. A good digital financial advisor should allow you to make plans, prioritize certain segments of your budget, and see how you can best achieve your long-term goals. Your salary should only be a part of your earnings. Always look to diversify.

For many, this will not be possible until they get out of debt. A car loan or a mortgage is sure to make anyone feel trapped. The sooner you can pay them off, the better. An app that focuses on this part of the equation could give you a push in the right direction and really make a difference in how you approach the situation.

Think Like an Entrepreneur to Help Your Business Grow

Household budgeting is, obviously, not the only focus of financial advisor apps. In fact, this area forms only a small segment of the market. Such software will commonly be used by business owners and managers across the spectrum. If you are looking to improve your career or your company's outlook, the main thing to consider is the sector the app specializes in. Some will be focused on helping freelancers or investors, others will be better suited for retail, while some will be excellent in banking. If you know what type of business you're in, you will know what to look for in an app.

Another variable to count in is that of your location. Laws can vary from state to state, let alone by country. A piece of software that can, for example, automatically calculate the taxes you are bound to pay would be an excellent addition to your digital arsenal.

Furthermore, it is no secret that big companies and their CEOs will also often rely on apps to keep their money in check. This is why it is important to consider the size of your business - regardless of whether you are the manager or the owner - and pick a financial planner app accordingly.

Access Top-Notch Advisors & Gain Valuable Information

Having a digital financial advisor in your pocket at all times may have sounded like science fiction to people just 30 years ago but, today, it is our reality. Still, such apps do still have their limits and nothing can yet replace the knowledge and keen observation of a living, breathing human being. This is why some pieces of software will offer you an option to get in touch with real advisors online - for a fee, naturally - and get yourself out of a financial pickle in no time.

The number of advisors, as well as their level of expertise, will be an important factor to consider. A large network is more likely to cater to every person's needs, offering you a tailor-made experience and knowledge that can help you solve your problems in a matter of weeks. When it comes to your money, you should always play it safe - no matter whether you are between jobs or in the process of learning how to become a big player in the stock market.

After carefully considering our 5 Tips to Find the Best Financial Advisor App, you are now ready to proceed to the list of Best 10 Financial Advisor Apps and pick the one for you.

  • Plan incomes and expenses with this Financial Planning app. Make savings now!

    4.2 Ratings 550 Reviews 100K+ Downloads

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  • The #1 financial planning, expense tracking and personal finance management app!

    4.7 Ratings 249K+ Reviews 10M+ Downloads

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  • Plan daily & monthly budget for free—save money, track bills, finance & income

    4.7 Ratings 27K+ Reviews 1M+ Downloads

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  • The most complete financial Calculator which can both save and make you money.

    4.6 Ratings 20K+ Reviews 1M+ Downloads

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  • Money, Planner, Portfolio Tracker

    4.6 Ratings 49K+ Reviews 500K+ Downloads

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  • Money Lover and money manager is a simplest easy to use free expense tracker

    4.7 Ratings 651 Reviews 10K+ Downloads

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  • Create a budget, track your spending, and manage your money in one place.

    4.6 Ratings 224K+ Reviews 5M+ Downloads

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  • Budget planner and expense tracker that helps you win with personal finances.

    4.7 Ratings 54K+ Reviews 1M+ Downloads

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  • Easy planning with Return On Investment/Yield/Mortgage/Pension/Loan calculators

    4.0 Ratings 130 Reviews 10K+ Downloads

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