Apps that help you manage your money

FINANCIAL CALCULATOR
Developed by BiShinews, this app lets you calculate the time value of money so that you don’t need to use excel sheets to figure out the returns of your investments. The app includes a currency convertor function—a handy tool when you are travelling abroad. Other features include credit card pay-off calculator, credit card minimum payment calculator, return on investment calculator and various other built-in systems to calculate bond price, determine the yield-to-maturity and yield-to call on bond calculations. It also has stock calculation functions like a stock return calculator and holding period return calculator. The home loan calculator tells you the exact EMI you will need to pay on your loan. You can also check if switching your current loan to a new lender will give you a better deal. The cherry on the cake is it gives you the option of e-mailing your calculations.

COST: FREE

PLATFORMS: ANDROID

E*TRADE

This one goes a step ahead of other apps by allowing you to trade in stocks, options and mutual funds. You can create a free account for your personal portfolio and then monitor all your investments from one screen. The app displays charts which makes it easy to understand trends at a glance. Like in other apps, you get market news, real time quotes, trend graphs and create watchlists to stay on top of your preferred stocks. There are built-in options of barcode scanning, educational videos and voice recognition. You can also set the app to alert you via notifications for specific actions like drop in price of a particular stock.

COST: FREE

PLATFORMS: IOS & ANDROID

STOCK WATCH

This is for those who want to keep a close watch on the BSE and NSE. Though both exchanges have their individual apps, Stock Watch gives you information on both exchanges in one app. It keeps you informed with market news, intra-day charts, stock quotes, information on gainers and losers and company announcements. You can create and track your own stock portfolio as well. It displays global indices on a single screen and lets you check on equity and index derivatives.

COST: FREE

PLATFORMS: ANDROID

MONEYWISE

EXPENSE TRACKING AND BUDGETING

When it comes to budgeting, the first step is to know how much to spend and on what. Tracking daily expense can be done with pen and paper, but an app makes it so much easier.

This apps works in two ways. It lets you track your everyday expense, create a budget and monitor your cash flows. The budgeting can be done across categories and include grocery expenses, transportation expenses and eating out expenses, among others. You also get to see your spending patterns via graphs and pie charts and set weekly, bi-monthly and monthly budgets with various filters like income, expenditure, paid and pending. Individual expenses can be labelled across categories like work expense, private expense and the like. The app works offline, so you don’t need to be connected to the Internet all the time. You can also set alerts about upcoming and recurring payments. For security, you can make the app password protected.

COST: FREE (BASIC VERSION) AND Rs 420 (AD-FREE VERSION) PLATFORMS: ANDROID

MY CAMS

If you have invested in mutual funds, this is the app for you. Not all AMCs have apps to make your life easier, and there’s a limit to the number of individual apps one can download for each mutual fund. The My CAMS app helps you transact and manage information about all your mutual fund investments. You can submit a query to CAMS customer care, register your complaints, order encrypted statements as well as access your portfolio details to get the latest valuation. The app shows the latest transactions as well as details of the schemes. You don’t need to remember separate logins and password for each mutual fund you have invested in.

COST: FREE PLATFORMS: ANDROID AND IOS