15 Best Net Worth Trackers In 2021|Money Management Tips

Best Net Worth Trackers
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Some of the questions that anyone that wants to manage his/her money should ask is, “how do I track my net worth” or “how do I calculate my net worth” as it is very necessary to watch where your money goes.

There are several ways one can watch his/her spending, investments, and more. One of those ways is through apps which are a great option as your cell phone is always at your disposal.

To manage your finances successfully, you have to understand your cash flow. You have to know how much is coming in, when your bank account is credited, and where it’s to be channeled to.

Luckily, there are many money management apps designed to help a user see his/her bank balance, track spending, and analyze spending habits. In addition, there are apps that will help you make better financial decisions, based on the data gathered from your accounts.

One of the good things about these apps is that a user can access his/her financial situation wherever the person goes.

Many net worth trackers are viewable online, as well as on your mobile device. This makes it easy to take care of your finances anywhere and anytime.

15 Best Net Worth trackers in 2021

Building wealth is the ultimate goal of any personal finance, and tracking your net worth helps you get there. These tools help you build your net worth by letting you track your spending, sock away extra cash, and invest wisely.

Here are the best tools you can use to track your net worth:

  • Personal Capital
  • YNAB
  • Spreadsheet
  • Good Budget
  • Empower
  • Wally
  • Mint.com
  • Acorns
  • PocketGuard
  • Mvelopes
  • Dollarbird
  • Spendee
  • Digit
  • Albert
  • PocketSmith
  • Betterment

Note: The list above includes both investment platforms and money management apps that can help you in tracking your net worth.

#1 Personal Capital

Personal Capital is one of the best net worth trackers that helps and lets you track your budget while including information about your investment accounts.

With Personal Capital, you can link your investment accounts, bank accounts, credit cards, and your mortgage so that they automatically get updated. All you need to do login and it will immediately update all of your accounts.

It also has an app that gives you easy access to your investments. This money management app has an intuitive interface and the visuals can be easily seen on and gadget (desktop, laptop, tablet, or phone).

Also, the main advantage of this app is the fact that your investments are taken into consideration in the equation, giving you a general view of your total financial picture.

#2 YNAB

YNAB (You Need a Budget) is one of the best budget tools and net worth trackers and will cost a user $6.99 monthly after the first free trial.

As is the case with many other net worth trackers, You Need a Budget offers bank syncing and support for mobile devices.

Also, you can use the YNAB app in setting financial goals and in making the most of each dollar earned.

#3 Spreadsheet

How often do you make use of the spreadsheet? Either the Excel sheet or the one in your Google drive.

Here’s one way to utilize a spreadsheet – use it to keep track of your investments and net worth. This will help you to also monitor your asset allocation.

This is an easy way to go about it…

Divide your investments between retirement accounts and taxable accounts. You can further break down each list by sub-accounts and then individual investments. You can then create a separate linked page that shows your asset allocation.

The advantage here is that you’ll have the data on your own hard drive. Also, you get to control how you want your investments to be allocated.

Ultimately, none of this takes a tremendous amount of time. If you add up all the time spent, maybe it would take an hour to do everything in a month. Tracking your net worth is actually motivational. If you’re trying to climb out of debt, tracking just that debt separately enables you to see your progress each month.

#4 Good Budget

Goodbudget is a net worth tracker built on the concept of an envelope budget. It offers users 10 envelopes for free, but once you upgrade, it offers you unlimited envelopes for $6 monthly.

Basically, Goodbudget helps you keep track of money to spend, save, and give toward what’s important in life. It works the same way with most envelope-based systems as a user has to stop spending when an envelope is empty or move money from a different envelope.

Also, Goodbudget allows you to create a shared budget in your household. This is one of the biggest advantages associated with this net worth tracker and money management app.

Talking about its compatibility, Goodbudget can be used across iPhone and Android devices.

#5 Empower

This is a money management app that helps you track your spending, hence your worth. It is used for online banking and budgeting and that combines budgeting with accumulating savings thereby giving you better control over your cash flow.

Empower goes beyond budgeting to looking for savings in a user’s spending patterns.

It provides a snapshot of your subscriptions and helps you cancel any that is no longer use. More so, the app will also work to renegotiate your phone, cable, and internet bill to lower costs.

#6 Wally

Wally is a stripped-down budgeting tool with unique features that helps you track your net worth.

Firstly, Wally supports almost all foreign currencies and this will be of great help to you if you’re a digital nomad spending time outside the country.

Also, as a money management app, it saves you the stress of dealing with paper in that it allows you to save pictures of receipts. Hence, helping you to keep track of important items related to taxes and business online.

furthermore, each time you log in, Wally keeps you posted by relating how much money you have, and what’s left in the budget until the month is over.

#7 Mint.com

Mint is the simplest, yet most tried and true of the budget apps and tools. It puts all your balances and transactions in one place.

So, if you want to keep a super detailed budget, Mint is a great option as you can create as many budget categories as you want, and you can have your transactions categorized on the go.

Here is how it works…

Mint automatically pulls transactions in from the bank accounts and credit cards of its users and then has them so they’re all in one place.

Also, Mint runs spending analysis and provides insights into the spending habits of a user, letting one see where there’s a need for improvement. This will help you to create goals (buying a car, getting out of debt, and so on) to help decrease debt and increase your net worth.

Lastly, the app has a feature that gives a reminder on when your bills are due and also has a feature through which you can even pay bills.

#8 Acorns

Acorns is one of the best net worth trackers that allows you to start investing with little or no effort. Once it is set up, it gets going.

Acorns can be used to round up transactions, but beyond that, it also enables you to set up recurring withdrawals to your account or boost your account with a one-time transaction.

Its “round-up” feature is actually a nice way to dip your toe into the investing pool as it funnels the difference (between your credit cards & bank accounts and purchases) into your investments. Also, it allows you to build wealth without feeling like you’re depriving yourself.

Furthermore, Acorns costs just $1 a month, and is free for college students for up to four years.

#9 PocketGuard

PocketGuard is a money management platform that helps you find savings in your regular spending as well as track your worth.

Basically, once you sync up your accounts, PocketGuard will track and help you analyze your expenditure. And with this information, you can then build a better budget.

Additionally, PocketGuard picks up on recurring bills and goes as far as looking for better deals. Using the app helps you to identify spending trends month-to-month, track individual bills, and also save money in the long run.

#10 Mvelopes

Mvelopes is a budgeting and money management tool you can use to track your net worth. It offers one of the most popular budgeting strategies known as the “envelope” strategy.

This is how the app works: It allows you to divide up your cash, put it in envelopes, and spend from one envelop to the other until the cash is gone.

With Mvelopes, your credit card and digital spending are translated into a cash-style budgeting system that keeps track of what your money is spent on.

What you need to do is just to create a budget and leave the app to take care of the rest.

#11 Dollarbird

If your main reason for budgeting or keeping track of your net worth is figuring out what you need to pay in the future, then Dollarbird is the best net worth tracker for you.

With this app, you can see your projected balance which then lets you know how much money you can safely spend.

The major downside here is that Dollarbird doesn’t sync with your bank accounts. That is, you enter transactions manually. This, however, is not difficult as you end up with a more hands-on approach to your money.


#12 Spendee

Known as one of the best net worth trackers, Spendee is among the few visual apps that sync with a user’s bank account.

With this app, you are sure of having your transactions automatically downloaded and categorized.

You can also share certain parts of your budget using this app and can assign money to virtual wallets and have yourself kept on track.

Spendee supports multiple currencies when you’re abroad and can be used for this purpose by activating the travel mode.

#13 Digit

Has achieving your savings goal been a hard nut to crack? Then you need to use Digit as it is known for saving money easier than ever.

This net worth tracking tool uses a sophisticated algorithm to analyze a user’s spending patterns after it has been connected to a user’s bank account.

With Digit, you don’t have to bother about any of the following: saving, budgeting, or transferring money from one account to the other, as Digit does all the work for you for which it subtracts just a little amount from your account which you may have little or no notice about as it is very minute.

#14 Albert

Have you ever wished you had a sort of virtual personal finance assistant? If yes, this is the very money management app you asked for.

This app informs users on what they can do to improve their current financial health.

Albert helps users with the following:

  • Automatic creation of a budget based on one’s income, spending habits, and bills.
  • Setting money aside in a savings account.
  • Analyzing users bills to help them identify where they overpay, and
  • Alerting a user when a free trial is coming to an end.

#15 PocketSmith

PocketSmith is a money management app that we recommend if you are saving for your future.

This app will work best for users who are at a stage where they’re paying down debt and/or building their emergency fund.

To do this, users are to simply connect up their various bank accounts and have their finances tracked by PocketSmith.

The app is built with a historical reporting feature that enables users to look back at how far you’ve come with their financials.

#16 Betterment

Betterment is one of the best net worth trackers and according to reviews, is by far, the easiest investing platform you can think of using as a new investor.

Betterment is known to be a “Robo-advisor” that does the work of an in-person advisor for which you would have paid a huge sum.

Just as the name goes, Betterment helps users to have better savings through the following ways:

  • Asking you questions about your goals and risk tolerance.
  • Automatic investment of your money into index funds, which allows you to “passively invest” in several asset pools.

In Conclusion

Thanks to technology with it, you can have an in-depth understanding of your finances and have your money management skills improved.

The beautiful thing about these net worth trackers is that there is a money management app that suites your style and all you have to do is to download the very app and watch like a spectator, to see your financial situation improve.

We wish you the best!

References

  • DoughRoller3 Tools to Track Your Net Worth
  • MoneyUnder308 Apps That Help You Build Your Net Worth
  • DoughRollerThe Top 12 Money Management Apps for Growing Your Net Worth

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