Building wealth is the ultimate goal of personal finance, and tracking your net worth helps you get there. These apps help you build your net worth by letting you track your spending, sock away extra cash, and invest wisely.

Your net worth is your assets minus your liabilities. In other words, how much you have in total (home value, investment, savings, etc.) minus how much you owe (i.e. student loans, car loans, your mortgage, credit card debt, etc.)

Your net worth will change over time. It’s the big picture of your financial health, meaning it doesn’t include your monthly income or expenses, just your long-term monetary worth.

Tracking your net worth helps keep your finances healthy

Why should you track your net worth, especially if you don’t have many assets?

For the same reason that you go to the doctor or save for retirement—you have to prepare now for what comes later. Knowing your net worth lets you know what you really have—beyond just your checking account balance and your credit card statements.

Basing your financial health just on your income alone can be dangerous. If you’re living paycheck to paycheck and you lose your job, life is going to be significantly more difficult if you don’t have savings or investments to fall back on. Knowing your net worth and working towards a positive (and growing) net worth makes sure your financial security is not just tied up in your income—it gives you a cushion for when life happens.

Apps are a good way to manage and build your net worth

How do you go about building your net worth? It can be as easy as looking at your phone—literally.

Personal finance apps can help you track your spending, investments, and debt in order to help you develop healthy spending habits that ultimately increase your net worth over time.

There are two elements to building your net worth: Increasing your assets (i.e. cash, investments, real estate) and decreasing your liabilities (credit card debt, student and auto loans, a mortgage).

There are different apps to help with each of these.

Apps for tracking and controlling your spending

Personal Capital

8 Apps That Help You Build Your Net Worth - Personal Capital

Personal Capital is a free app that focuses on tracking your investments and your spending.

For seasoned investors, this app can help you get an overview of how your investments are doing, while making you aware of how much you’re spending and how much you’re really saving.

With Personal Capital you can link all of your bank investments (your checking account, IRA, and 401k accounts, etc.) and see them all conveniently in one place.

Unlike YNAB, this app is for people that are already in good financial shape, but want to make sure they stay that way. Personal Capital prides itself on doing the work for you. Once you link all your accounts, you just sit back and let the app tell you how you’re doing.

The Net Worth page gives you an overall picture of your net worth and then breaks down each individual account so you can see how your investments add or subtract from your worth.

There are a few downsides with the Personal Capital app. Yes, the app is free initially, but if you have more than $25,000 in assets, chances are you’re going to get a sales pitch (masked as a financial advisor) advocating that you try out their (not free) financial planning services.

However, because Personal Capital supports itself via those financial planning services, your interface isn’t littered with cross-promotions with other banking products.

Learn more about Personal Capital or read our full review.

YNAB (You Need a Budget)

8 Apps That Help You Build Your Net Worth - YNAB

YNAB uses every platform available to help you better your financial health. Their app is web-based with easy transfer between an iPhone or Android app.

Their philosophy isn’t just to help you budget better, it’s to help you better your entire financial life. YNAB‘s system allows you to “give every dollar a job,” making sure you only spend allotted amounts on certain categories such as your living expenses, gifts, clothing, internet, etc. Any category you can think of, they have it (or you can create it).

YNAB also makes saving easier by urging you to always be saving. They want you to “embrace your true expenses,” by treating infrequent expenses like holiday and birthday gifts as if they’re monthly expenses, helping you save up over time.

If their catchy slogans aren’t enough to help you change your ways, YNAB offers online classes every day of the week, help guides, a podcast, and a YouTube channel with even more tips and advice.

One gripe that consumers used to have with YNAB – it’s wasn’t automated. But now, it’s easy to link your bank account. But, YNAB still wants their customers to actively participate in their finances – so they also allow you to do things manually.

There is a cost for YNAB, but they offer a free 34-day trial (and an additional 12 months free for students!). After this trial is up the cost goes up to $11.99 a month, or $84 a year.

Learn more about YNAB or read our full review.


8 Apps That Help You Build Your Net Worth - PocketSmith

If you’re saving for your future, PocketSmith is an app that’ll works best if you’re at a stage where you’re paying down debt and/or building your emergency fund. Simply connect up your various bank accounts and let PocketSmith do the rest by tracking your finances. Over time, you’ll be able to look back at how far you’ve come, thanks to the app’s historical reporting feature.

I like that PocketSmith is useful not just for looking back, but also for projecting forward. You can see immediately how the decisions you make today will impact you six months, a year, or even ten years down the road with the built-in forecast graph. You can see a visual representation of where your current path will lead if you stick to the budgets you’ve set and even test out various scenarios and glimpse how they’ll impact your future finances.

The visual nature of PocketSmith is what I find the most convenient. The budget calendar shows your month’s spending in a calendar, making it easy to see, at a glance, when big bills are coming due. As you set up your budget, you can break it into chunks that make it more manageable, whether that’s for the day, week, or entire month.

Learn more about PocketSmith or read our full review.

Apps that help you save


8 Apps That Help You Build Your Net Worth - Digit

If you’re having trouble achieving your savings goal, Digit can make saving money easier than ever. The tool works by connecting to your bank account and analyzing your spending patterns using a sophisticated algorithm. Digit withdraws funds from your checking account whenever the algorithm detects that you can afford it, and saves them in a dedicated Digit savings account.

One of the main benefits of Digit is that it’s a set-it-and-forget-it kind of service. You don’t have to think about saving, budgeting, or transferring money from one account to the other. Instead, Digit does all the work for you, subtracting small amounts from your bank account that you might not even notice. Over time, this can add up to substantial savings, whether you’re looking to pay down debt, go on vacation, or save for a rainy day.

Learn more about Digit or read our full review. 

Apps the help you grow your wealth (and increase your net worth)


8 Apps That Help You Build Your Net Worth - Robinhood

Robinhood is the perfect app for beginners. For starters, they pioneered commission-free investing, and offer everything from stocks to funds to cryptocurrency and gold. Plus, you can get started for free, as Robinhood offers one free stock when you first sign up!

With Robinhood, you can invest in fractional shares, meaning you can invest in any stock Robinhood offers with any amount. So no need to have thousands if you want to invest in companies like Apple or Amazon. 

In addition to easy-to-use investing features, Robinhood also offers a robust learning library with in-depth material on investing basics. Plus, they have a “Snacks” section that updates you on the latest financial news.

Learn more about Robinhood or read our full review

Advertiser Disclosure – This advertisement contains information and materials provided by Robinhood Financial LLC and its affiliates (“Robinhood”) and MoneyUnder30, a third party not affiliated with Robinhood. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Securities offered through Robinhood Financial LLC and Robinhood Securities LLC, which are members of FINRA and SIPC. MoneyUnder30 is not a member of FINRA or SIPC.”


Betterment is another app (and online platform) for managing your investments. A lot of us don’t know everything (or really anything) about our best investment opportunities, that’s why financial advisors exists. Betterment is a “robo-advisor” that helps limit fees that come with paying an in-person advisor.

Like a lot of these apps, Betterment does a lot of work for you. It starts by asking you questions about your goals and finances. It can automatically invest your money into ETFs, allowing you to “passively invest” in many different asset pools.

Their fees are relatively low. For funded accounts, they charge a management fee of .25% per year for all accounts.

Learn more about Betterment or read our full review.


The Best Personal Finance Apps - Acorns

Acorns is a little like Digit, only with an investing component and a more robust interface. Like Betterment, it asks you questions about your goals and risk tolerance. It then recommends one of five diversified portfolios of low-cost ETFs.

Acorns allows you to fund your account in a few different ways. You can just set up regular (weekly, monthly, whatever you want) deposits from your bank account. Or, you can turn on their “round up” feature, which looks at your credit cards and bank accounts and “rounds up” purchases to the next dollar and funnels the difference into your investments.

It’s another nice way to dip your toe into the investing pool. Plus, it allows you to build wealth without feeling like you’re depriving yourself.

Acorns costs as little as $1 a month, $3 a month, or $5 a month, depending on your selected plan.

Learn more about Acorns or read our full review.


It’s important to think about your net worth if you ever want to go far (or anywhere, really) in the financial world, but it doesn’t to be such a headache.

Personal finance apps give you a choice of being actively involved in tracking your net worth, or, if you like to spend your time doing other things besides thinking about your personal finances, do the work for you!

Read more:

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About the author

Total Articles: 105
Christopher Murray is a professional personal finance and sustainability writer who enjoys writing about everything from budgeting to unique investing options like SRI and cryptocurrency. He also focuses on how sustainability is the best savings tool around. You can find his work on sites like MoneyGeek, Money Under 30, Investor Junkie, MoneyCrashers, and Time. You can find out more about Christopher on his website or via LinkedIn.