The Courier-Mail

David & Libby Advice in your pocket

Managing your money has never been easier, with apps to help you

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IT used to be that the only way to manage your money was to go and speak to an expert, generally a bloke in a stuffy suit.

If you wanted to buy shares you went to a stockbroke­r, opening a bank account involved a trip to see the bank manager, and so on.

While these options are still available, there’s been a seismic shift towards digital tools that allow you to manage your money independen­tly.

And being the financefoc­used couple we are, we absolutely love it.

The quality and utility of the tools you can carry around in your pocket these days is truly remarkable, and there are countless apps out there that can either save you money or help you manage it better.

Here are our seven favourite apps for your smartphone. Pocketbook Pocketbook is the premier budgeting app in Australia. It syncs to your bank accounts to give you an accurate picture of what you’re spending, where.

Plus, it’s an excellent financial management tool, alerting you when bills are due or when fees are charged to your accounts, for example. It even goes as far as to suggest possible tax deductions.

Free

Cost: Available on:

iOS, Android Bloomberg Business The Bloomberg Business app is just what you’d expect from a world-renowned provider of financial news and data; a comprehens­ive source of insights and informatio­n on the global financial markets.

It’s free, functional and brings a truly global perspectiv­e to business news.

As a sidenote, CNNMoney is a close run second, well worth the space on your home screen.

Free

Cost: Available on:

iOS, Android tapMortgag­e Australia If you’re in the market to buy a house or investment property and have an iPhone, then tapMortgag­e is a must-have.

It’s a mortgage, loan repayment and stamp duty calculator in one, and helps you get a clear picture of exactly how much you’ll be spending on your property.

Plus, it’s a great source of handy informatio­n such as the contact details for your local state revenue office.

Free

Cost: Available on:

iOS TrackMySPE­ND by MoneySmart MoneySmart is a financial resource run by the Australian Securities and Investment­s Commission, or ASIC.

The app is a simple way to manage your spending and work out areas where you can save. It’s simple, effective and free. Perfect.

Free

Cost: Available on:

Mobile Calculator by MoneySMART Another app from the MoneySmart stable, Mobile Calculator combines five handy financial calculator­s in the one app … perfect when you have a big financial decision to make.

The app covers savings, loans and mortgages, superannua­tion and even interest-free deals.

Free

Cost: Available on:

Tax Returns by Pocketbook No one likes doing their taxes, but Tax Returns by Pocketbook promises accountant-reviewed tax returns in under 10 minutes, for as little as $39.

The app makes use of the inbuilt features of your iPhone (such as the camera) to streamline the process of submitting your tax return. You can even chat to an accountant if you need to clarity anything.

Free Twitter Twitter is an amazing tool for keeping tabs on what’s going on in the world of money. Follow your favourite financial commentato­rs, the banks and key government accounts and you will always in the know.

Free

Cost: Available on:

iOS, Android.

iOS, Android.

Cost: Available on:

iOS

iOS, Android

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