I’m knee-deep in my big move so I’ll be featuring some guest posts this week…enjoy!

From losing weight to finding recipes and knowing when the next bus is arriving, Smart Phone apps have come a long way in helping us streamline our day-to-day activities. Each day, thousands of new apps arrive in the Android and iPhone marketplace and all have the ability to provide entertainment, organization, and connection. Furthermore, with recent advancements in the mobile banking arena, you can now mange your finances easily with your phone!

If you’re trying to budget for the first time, want to easily track your spending, or need a way to keep on top of your account balances, consider downloading some of the following apps to your phone. And if you don’t have a smart phone yet, you can find one for a great price by using an online site such as Phones4U to do your shopping.

Best Apps for Budgeting

Mint

An extension of the popular website, the Mint app allows you to keep track of all of your savings accounts, checking accounts, and credit cards in one place. You can even set up alerts to let you know when you’ve reached a certain spending limit or are at a certain bank balance. If you’re looking for an on-the-go way to keep track of your cash flow, this is the app to use.

A caveat with Mint is that it does take some time upfront to establish your account and link everything together.

iWallet

If you’re looking for an easier way to keep up with your budget, iWallet could be the option for you. Using this app, you can account for your income and expenditures in one easy to navigate interface, you can download charts and graphs (in PDF form), and you can have a clear picture of what’s going on with your budget wherever you are.

The one caveat with this app is that it’s only available for iPhone users.

Best Apps for Paying off Debt

DebtTracker

If you’re working to pay off debt, whether it’s student loans, credit cards, or mortgage, this app can help you establish a payoff plan and work to maintain it until your balance is $0. DebtTracker provides options for you to analyze various scenarios to see what would have the biggest impact on your debt, shows you what credit you have left to work with, and helps you make better choices when it comes to eradicating your debts.

Caveats with this app is that you have to manually enter all of the figures–it doesn’t automatically sync with your bank accounts.

Debt Dog

If you’re trying to avoid more debt or are curious about the impact of buying something using credit, check out this app. Debt Dog is a calculator that helps you to figure out the true cost of an item if you were to put it on your credit card and not pay it off right away. This is a handy app for those who struggle with impulse purchases, credit card debt, etc.

The caveats of this app is that you can’t include fees in your calculations outside of the interest charges.

What are some of your favorite Personal Finance Apps?