Personal debt has been a really hot topic for a few years now. The credit crunch, recession and extremely gradual recovery have touched everyone to some degree. You can’t turn on the TV, open a newspaper or surf the net without being confronted with a bleak picture of the UK’s financial health. Interestingly, coinciding with this trend, the Apple iPhone has also been consistently growing in popularity.

It’s interesting on one hand because the most recent, must-have consumer item has been released when the nation is struggling financially. However, as the iPhone continues to grow in popularity, largely thanks to the huge range of life-enriching applications available, personal debt management remains a chief concern for the majority of UK consumers.

As a blend of these two important features of modern life, the personal finance iPhone application has been a big part of this popularity. Anything that will help you to manage your money, stick to a budget and settle your debts in a timely manner is a good thing. The specialist debt advisors at Debtsolver have cast their eye over the range of debt and money management applications available on the iPhone and selected the top ten tools to help you tackle mounting debt.

1. MoBank is a free mobile banking service that’s available on the iPhone and provides a quick, convenient and easy way to use the mobile internet to check your balance and spending, whenever and wherever you are. You can also use MoBank to make quick click purchases from a range of high street retailers at a cost of just 50 pence per transaction.
2. The NatWest Money Manager is a free application for NatWest current account customers, allowing them to move money between accounts, check balances and view their recent transactions.
3. Mini Mortgage Manager isn’t a free application, costing 59p from the Appstore but it will estimate how much your mortgage repayments will be monthly, fortnightly or even weekly, based on the size of your loan.
4. Spend is another 59p app but can be an excellent budgeting tool, which allows you to stay on top of your spending by closely monitoring your daily spending and updating your available balances on cards and in accounts as you go. It will also allow you to set reminders about when bills are due.
5. Billtracker is a similar application, also 59p but it allows you to upload your bills so it can remind you when a payment is due. Late payment charges can substantially increase your debt so 59p for a reminder to pay on time doesn’t seem too bad.
6. 0870 is a free app that gives you a list of the lower cost alternatives to the premium rate 0870 customer service numbers that are often listed by companies.
7. Shopping online is a good way to search for bargains and with the free PayPal account you can make payments, transfer money, check your balance and view all of your past transactions, helping you to stay on top of your online spending.
8. Twenga is a free app that allows you to compare prices on millions of high-tech products to be sure that you’re getting the best price. Twenga also has the added benefit of exclusive promotional codes offered by online stores. So, shopping online via Twenga can save you money.
9. Bloomberg has a free application for those who like to keep up with the most recent financial news and share prices.
10. Shareprice is the only iPhone application that offers free, real-time streaming of Level 1 UK share prices.

For more information on managing your personal debt, visit www.debtsolver.co.uk.

Related posts:

1. Three great debt management apps

This entry was posted on Tuesday, April 6th, 2010 at 6:00 am and is filed under Debt News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.