How to Make a Personal Finance App

Of course, features for financial planning apps don’t necessarily include the ability to make payments (smart budgeting would suffice). But if you do provide such an option, then think about how to combine ease of use and cybersecurity measures. Such a task demanded our full attention and a fair amount of effort. However, today, thanks to different types of money management apps, the situation has changed for the better. Of course, some users will still prefer a laptop when making payments via the app.

how to build a personal finance app

Let the users control the transactions, get quick access to them, and use filtering to see the data for a certain period of time. To get to know the user better, “grasp” their tone of voice, learn about their problems, desires and lifestyle. This way we will be able to build a fintech product, tailored to the lifestyles of the users. So developing a financial app, you could start with the most popular coins, like Bitcoin or Ethereum. Cryptocurrencies are becoming so popular that excluding the opportunity to manage them in your app can become a severe problem for you.

How to Make a Personal Finance App

These specs define a detailed application structure that’s the basis for further development. 2022 kicks in with continued growth of digital banking and increased adoption of Personal Financial Management (PFM). Creative solutions that make managing money easier have been an especially successful branch of financial products for a while now. We’ve seen fintech focusing on the users who struggle with money management, as well as those aiming for financial freedom.

how to build a personal finance app

YNAB takes some study to understand and use it effectively, though it’s friendlier to new users than it used to be. Empower (formerly Personal Capital) lets you manage all your financial accounts in a single platform. You can include your bank accounts, mortgage, and other credit accounts, plus your investment accounts, to have your complete financial picture right in front of you. If you have multiple accounts, using Empower can save you from having to switch between tabs to understand where you stand. The software automatically links to your bank account, integrating your spending information for analysis and budget tracking.

Optimize your finances

Likewise, a floating button menu can only work profitably if its design is really damn good. The algorithm for creating a budget application is not very different from making any other. Otherwise, as always, you need to go through a similar algorithm of actions. Another easy way to make money on a financial application is an affiliate program (advertising, which can be turned off for a nominal fee). We blame our success on the Product Hypothesis-based approach used in our work.

Only by getting to know your user will you be able to define the feature set and develop an effective marketing plan. The obvious advantage of a budgeting app is the ability to link all your accounts together. Thanks to this convenience, an app can cover and monitor all user finances in one place.


Over the last decade, the personal finance app development segment has seen steady growth. This growth has been further accelerated by the lockdowns imposed due to the COVID-19 pandemic, as people have had to rely more on digital solutions for their financial needs. The need to track earnings and spending, and to shop online without having to visit a physical bank, has grown rapidly. As a result, investing to build a personal finance app has become highly lucrative. Just as there is an app for almost everything today, a personal finance app is a money management application. It helps you regulate and keep track of your financial flow, set a budget, and get meaningful insights about your savings and expenditure.

The finance app does not have to be caught up in unknown financial terminology. That’s why it’s hard to follow where all the finances go and how to manage the budgeting. Taking notes about money spent is messy; saving every check is not convenient also. Fortunately, we live in an era where all you have to do is get your smartphone and open a particular app that’ll do all the work for you. To be inspired, сheck out these beautiful FinTech apps with stunning dashboards and UI – Payroll and FirstHomeCoach. And if you want to create a budgeting app that has a chance of dethroning Mint, drop us a line.

Related Apps

Some apps focus exclusively on cryptocurrencies and trading, so you may consider enhancing your solution with similar features. Despite the fact that fintech developers carefully think out and implement the app security at the development stage, we would like to pay particular attention to it. Security is a top priority of any product, especially a fintech one. Don’t risk users’ private data and your reputation, but rather take reliable protective measures.

In fact, being able to tell what exactly they are spending their money on is a killer feature for many customers. This feature allows users to categorize their expenses for a clearer vision and management of their budget. A Discovery phase is a cornerstone of any product development process, helping to better learn users’ needs Java Developer Roles & Responsibilities BMC Software Blogs and tackle their pains. This feature will motivate users to interact with the app more frequently. A gamified money app is a practical and fun application that helps them achieve their saving goals better. This would benefit users as they’ll learn about additional ways to save money, invest, and keep track of their expenses.