OneInsure Blog
Post By Mohit Mishra
Top 5 Finance Apps You Need to Install Now!
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Financial Planning, Top 5 Finance Apps
Most of us are glued to the screens of our mobile phones for hours every day. We manage chores electronically, from socializing to shopping, from getting fit to booking a ride, everything gets done on mobile apps with the tap of a finger. These apps have become part and parcel of modern life. Going by a report, currently, there are over 3.3 million mobile apps on Google Play Store that billions of people utilize on a daily basis for a variety of purposes.
Likewise, many have also switched to apps when it comes to managing their finances. These apps are used to make transactions, invest, split bills, and so on. But with so many apps out there, it may get difficult to identify the best of the best. And that’s exactly why OneInsure is here to cut a long list short and suggest you only the best and the most useful apps that time-crunched users must install. So, here we go!
BHIM – To Make and Receive Payments Online
[Memory Required – 5.8 MB | OneInsure Rating – 5/5]
If you’re looking for quick, secure, and cashless transactions, then BHIM (Bharat Interface for Money) is the answer. It is a government-backed online money-transfer app that helps you make and receive payments instantly. After installing the app, all you have to do is register with the same mobile number that is registered with the bank account you’re intending to make transactions from, and you’re good to go. The BHIM app now has more than 120 major banks registered on its platform, allows you to make utility bill payments, and send/receive money through various modes like mobile number, QR code, Account Number + IFSC, and others. It is the app of the future! Highly recommended.
Paytm– Mobile Wallet
[Memory Required – 40 MB | OneInsure Rating – 4.5/5]
While you can make and receive payments through BHIM, with Paytm you can also shop, book movie tickets, recharge your mobile phone, and do a lot more. The major difference between BHIM and Paytm is that in the case of BHIM, transactions are directly linked with your bank account while in the case of Paytm, all money received through the app gets stocked as Paytm balance, and that’s why we call it a mobile wallet.
OneInsure – Your One-stop Insurance Shop
[Memory Required – 20 MB | Rating – 5/5]
Call us narcissists if you will, but we bet you won’t get anything better than the OneInsure app if you’re looking for a one-stop solution to manage your insurance policies. With this app, which is available for free for both iPhone and Android phone users, you can keep a track of all your policies by storing them in one place, get premium payment reminders, claim and service assistance, get tax certificate, and avail 60+ other services. The best thing about the OneInsure app is that services and assistance on the app are available to anyone regardless of whether or not they have bought the policy through OneInsure.
While you’re thinking about insurance, you may also like to read 5 Reasons Why ULIPs Are Superior to Mutual Funds
Monefy – To Record All Transactions
[Memory Required – 6.1 MB | OneInsure Rating – 4.5/5]
This is a very simple-to-use mobile app that lets you record your incomes and expenses on the fly. If you’re looking to strictly follow a budget, you can also pre-set a budget before you start recording your expenditures. There’s also a tailor-made list of categories of expenses that you can choose from. This saves you some more time as you don’t have to manually type up the name of your expense.
Splitwise – To Effortlessly Split Bills
[Memory Required – 23 MB | OneInsure Rating – 4.5/5]
This is a user-friendly app that helps you record expenses that are to be split between people. This is the best option we found if, for example, you’re sharing your apartment with other people as you can record all small and big apartment-related expenses on the app. This can also be used to track all expenses incurred during a trip with your friends. The app eliminates the hurdle of paying your friends in small chunks as you can keep recording all transactions as and when they occur and then pay it in one go at the end of the month or at the end of the trip, whatever the case is.
Also Read: 7 Government Schemes Every Indian Should Know About
To sum it up, the best finance app is the one that caters to your needs without eating up too much of your storage space. And, of course, you must also check if the app you’re using is protected against the risk of hackers and similar criminals.
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