Top 5 Free Phone Apps for Managing Personal Finances

Managing your personal finances and expenses doesn’t have to be a chore, especially when you are able to have all the information you need right at your finger tips. We have compiled a list of the top 5 Phone apps for helping you to manage your personal finances.


Manilla_App_RemindersManilla is available for free on both iPhone and Android platforms. It is designed to help you keep track of your bills and does this effectively by combining all of your financial accounts. Manilla organizes your information neatly into a digital filing cabinet of statements, bills, and notices.


ExpensifyExpensify makes tracking business expenses easy. Designed for the frequent, or not so frequent, business traveler Expensify allows users to scan and archive receipts for expenses, track kilometers traveled, link financial accounts and create easy to read expense reports.


slice-app-application-for-purchases-1-28-2012-bSlice is the must-have app for online shoppers. Using slice you can link multiple e-mail accounts and sort through them to consolidate and manage all of your online purchases in one easy to find place. Slice makes keeping track of your online purchases easy by providing real-time tracking information, images of your purchase, receipts, shipping information and more. This app is available on both Android and iPhone platforms.


mintMint is one of the most effective personal finance apps we have ever used, it is available for both iPhone and Android. This phone app allows users to connect their various accounts (chequing, savings, investments, etc) and keep track of spending by automatically categorizing every dollar that is spent. Through using this app users can get insights into how their money is being spent and can adjust their spending habbits to budget goals, this can also help you to get out of debt or to save money by not making unnecessary purchases.

Budget Buddy


Available on iOS and Adriod, budget buddy is designed to help you to track and keep track of expenses by taking pictures of your receipts, bills, register totals, etc. The live feature in this app allows users to track spending as soon as it is documented and offers monthly charts of your spending.

Where do I find my Deposit Information on my Cheques?

Writing cheques is to be something that people just don’t do much of anymore, but sometimes you are required to write them or provide a blank void cheque for an employer. There are codes on your cheques that helps money go to where it is meant to go, here is a break down of what the numbers on your cheques represent:


What are the Numbers on the Bottom of a Cheque?

The numbers at the bottom of your cheques are broken down into different sets.

  • The first set of numbers is the cheque number. When you order a cheque book each cheque will have it’s own number. These numbers help you keep track of how many cheques you have used and where they are being used.
  • The second set of numbers is the Branch number for your banking institution. This is also referred to as the transit number. Each branch has its own transit number.
  • The third set of numbers is the bank number, this number represents the financial institution. Each bank will have it’s own bank number.
  • The final numbers on the cheque is the account number for your bank account. This number is unique to your account and helps banks and employers ensure that money is moved appropriately.

Insurance and Annuities: What’s the Difference?

Financial planning for your future can be difficult, especially when saving and enjoying your retirement. Majority of people also have families to take into consideration, you want to be sure that your family is well taken care of and will not be left with any of your financial burdens in the event of your death. There are two financial planning resources that you can take a look at: life insurance and annuities. These are both important options to consider when planning your finances.

Silver CascadeLife Insurance
The basic idea behind life insurance is that by having it your family will not be burdened by financial problems upon the death of a loved one. When you take out a life insurance policy, you are making a contract with your insurance company for a set amount of money to be provided to your beneficiary in the event of your death. You pay a premium to cover your policy, which has been chosen by you.The two main types of life insurance policies are a protection policy and an investment policy. A protection policy provides benefits in the case of death, often ad a lump sum. Protection policies are considered term policies; they do not accumulate value. An investment policy grows in value, it is often referred to as permanent life insurance. An investment policy stays active until it matures, it grows in value over time. This reduces the risk to the insurer and gives the policy holder the chance to access the funds.


An annuity is an insurance product that is more commonly used by people who want to ensure that they will have a continuous income after retirement. Like life insurance, the policy holder will make payments towards an annuity but they also get the opportunity to decide for how long they will get the payments back. Contracts for annuities are usually provided by insurance companies. Like a savings account, an annuity will collect interest, but federal income taxes are deferred during the accumulation phase and will be due when you start collecting payments.

There are two types of annuities, a deferred annuity and an immediate annuity. A deferred annuity has a later payout date, like retirement for example. An immediate annuity begins paying you soon after you start investing. Both types of annuities can be fixed or variable, some will even allow you to name a beneficiary who can continue to receive payments after death.