8 Best Personal Finance Apps: Opportunity or Threat For Asset Management Companies?

Level Money

The increased popularity of online shopping has also boosted the phenomenon known as impulse buying. Before online shopping, we would buy some small items like a pack of gum or a belt while queuing at the register. And that was fine, at least in our mind, since these things are generally not that expensive. Now, with online shopping, it’s hard to resist the temptation to buy something that you don’t really need, but always wanted, especially since it is marked as being on sale. You don’t see your account and generally underestimate how much of a dent in your budget this acquisition will put. Level Money is an app that tries to address this issue, by calculating how much money you can actually spend on a particular day, week, or month. The app tracks your income and bills and calculates how much you should save and then provides a budget. It’s great if you hate going through your bank statements every month in order to determine whether you can afford a new pair of shoes or have to stick with your current footwear for now.

Pachai Leknettip/Shutterstock.com