

Which app is the best for managing finances (investments, insurance and expenses) ?
Preferably free. Drop in your suggestions!

If you cannot manage all 3 on a Google Spreadsheet, you're doing it wrong.

Have used ICICI for everything, so just go on the individual apps to keep a track for everything
Itâs the reason I donât go to newer banks, stock broking apps
prolly not the right approach

You make your investments through the bank? I have a bridge to sell...
Jokes apart, if you buy MFs through them you're buying Regular plans which incur broker fees, you're okay with that? And bank employees are incentivised by their targets, which has always rubbed me wrong. Do you not have this problem?

Demat account bhi ICICI ka? How's it?

MyMoney. Simple UI with customisable categories. You can also export data

Can you share a link if on the app store?

Been using INDMoney for some time now. You can add and track all investments (stocks, MF, Bonds, Crypto) and Insurance. Not just that you can also use it to invest.
But it doesnât help with tracking expenses.

I am working on creating a startup around this idea only! As I am the customer zero for these pain points. Would love to understand all the different pain points that you have faced so far and still not found a viable solution for it.

+1

Let me start:
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Not exhaustive enough- For e.g. there are hundreds of apps in INDIA in the fintech space but none can be the one stop solution for everything related to money. No phone in the country has only one financial product/service related app.
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DIY mess- The plethora of information and tools available for this space makes it a choice paradox. Instead one trustworthy provider that can handle all the mess for us will be a great sigh of relief. For e.g. if one is a HNI, the private bankers will take care of almost everything from banking to investing to taxation,etc. but no one is solving for emerging HNIs.
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Fees- the growing gap between forever free products and confusingly priced premium products makes people like me find a good and simply priced product/service. But none available.
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AI- compared to all the other aspects of human lives, finance can get the best help from AI related solutions as it is majorly numbers. So if it can be combined with humans for less bias, distribution and empathy, it will be a combination never seen before. Generative AI if used correctly can be one of the examples.

Indmoney is the best, you need some time to set it up but it's great.

Goodbye privacy đđ»

That's true, truth to be told that's the most sensitive data you are handing over to a private org. For someone with a low net worth like me, it's fine.

Simple plain Google sheets.. My own template.
Dedicatedly sit 1day per month and log all my Financials in the sheet.
Recently started using Fold tough. It's looking good but still has long way to go.

I'm doing something similar. I feel that it's very reactive. I want to be proactive in managing expenses. Do you have tips for making this shift?

For something to be proactive the expense should be real-time. You need to use some kind of Account Aggregator tech. Fold is one such app. It brings in all your bank transactions twice a day and you can tag them and group them. So you can have nice overview for spending summary and cash flow of incoming and outgoing.
Let me know if you want to try fold app.


Favorite finance app?
As the title suggests your goto app to maybe identify what stocks to invest in for all sorts of purposes (swing, short term, long term) Too many options available nowadays INDmoney, MarketMojo and many more

All in One app
Which app can help me view all my investments and savings like Mutual Fund, PPF, EPF, FD and Bonds in a single place?