If you want an app that looks more like the balanced checkbooks of past and less like a general budgeting app, you’ll like this offering. It’s worth the couple of bucks a month – since it’ll help you budget and save way more than that. The basic version of the app is free, but it’s worth upgrading to their premium offering. That means all you have to do to balance it is properly categorize your purchases when they pop up in-app. The app even connects to most online banking systems and uploads your purchases in real-time. It will not only help your balance your checkbook, but it can create and monitor a budget for you.

This app is one of the oldest and most established financial apps on the market. Here are a few of our favorite financial apps for any level of financial literacy. It’s mostly automated, but you can categorize your spending and get a better overall idea of your financial standing, compared to looking at one bank statement at a time. So unless you check your bank account every time you make a purchase, you need a checkbook app. While the transaction history is there, people spend more when they don’t think about their purchases. The technology was there, balancing it for them – or was it? Why would they, when the computer could do it for them? It wasn’t until online banking became the norm that people stopped writing down what they were spending. Modern Money: What Makes a Great Checkbook App?īalancing your checkbook used to be something they taught in schools, back when more people had cash and we used debit cards for fewer transactions.Įven when people started using cards more, they’d still track their purchases on paper. Here’s why and which you should download, below. That’s a mistake, and the solution is as easy as downloading a checkbook app. Many millennials don’t even own a checkbook, preferring quicker methods like Venmo or Paypal to pay friends and bills.Īnd since they don’t have checkbooks, many young people aren’t balancing theirs, since it’s all online. Are you old enough to remember the days of checkbook balancing, on pen and paper?

Best free checkbook app for iphone