Strangely enough, banking apps are entering the niche of personal finance apps. Here are 2 types of personal finance that do not seem so obvious.

When building a personal finance app, you must assess not only your direct competitors but also those less obvious ones.

2 Alternative Types of Personal Finance Apps Or you can add gamification elements by allowing users to set spending or saving goals and badges once they achieve them. You can also make integrations with multiple payment systems to add more “colors” to your finance app. Provide analytics once in a certain period.īut these are just the basics.Tracking the balance between the expenses and revenue.Whether a simple app or a complicated multifunctional product, there are some essential functions that it should complete: When creating a personal finance app, you should keep in mind that it should help the user manage their finances and track their revenues and expenses. A more detailed explanation you will find in this article.Īll personal finance apps have one thing in common – managing the users’ financial cycle. Short answer: learn your users' needs first. This number is 19% higher than 2020, with $ 481.9 million.Īll these facts make one clear: building a personal finance app is a great business opportunity that you can’t miss!īut how to make it right to the users' hearts and stand out in the harsh competition of personal finance apps? As of 2021, the market value of mobile finance apps reached $573.1 million from downloads in the US. Today people understand the importance of proper planning of personal finances, and the demand for personal finance apps is growing. And personal budgeting is not an exclusion here. The trend of consciousness and minimalism is influencing our daily lives.

Personal finance software 2021