Managing personal finances has never come easily to most people — except maybe your irritating cousin who’s really good at math, and also a cheapskate — so bringing mobile apps to bear on the task is causing a revolution, especially for those of us who are really bad at it.
Enter the PYMNTS Provider Ranking of Personal Finance Apps. This is a safe space for the financially challenged — by which we mean “those bad with money” — and this collection of apps is making us better at it all the time, with smart strategies to straighten out personal finance.
But enough of this prose. Let’s do these numbers.
The Top 5
At this point we’re almost ready to start taking bets that the Chime app will be at No. 1 next month, as it is in this ranking and very nearly all such rankings in 2021. It’s quite a run.
Up a spot to No. 2 it’s Robinhood, robbing from no one and giving to those who need personal finance management help of the algorithmic variety.
Another gainer at No. 3 this cycle is the Stash app, still mulling an IPO.
Acorns usually fall, but the Acorns Invest Spare Change app defies gravity and competition to rise one chart position this cycle to alight at No. 4.
Down one spot but sticking to the Top 5 at No. 5 we’ve got the Albert Save And Spend Smarter app, continuing its somewhat remarkable rise through these rankings in 2021.
The Top 10
Here’s something. Dropping four chart positions and out of the Top 5 to grab No. 6 this month it’s the Current app. This one seesaws a bit, but never seems to depart the Top 10.
Repurposing the old album title “As Falls Wichita, So Falls Wichita Falls” we now see a cascading effect kick in where score declines higher up in the charts can impact rankings further down.
Such is the case with the SoFi app, down a spot to No. 7.
This will get somewhat repetitive, but we find the same dynamic in the rest of this ranking.
Also down chart position this cycle is the myWisely Financial Wellness app, now at No. 8.
Same story for the Fidelity Investments app, dropping one spot to No. 9.
Taking us out of the Top 10 at No. 10 this time around is the London-based Emma Budget Manager app, with its gummy bear looking logo the perfect bookend for another edition of the Provider Ranking of Personal Finance Apps.