AI Insights · Timothy · October 2022
Top 5 Personal Finance Budgeting and Planning Apps in the US in Q3 2022
In Q3 2022, the leading personal finance apps in the US showed varied trends in downloads, revenue, and active users, with insights drawn from Sensor Tower data.
In the third quarter of 2022, the top five personal finance budgeting and planning apps in the United States displayed notable performance metrics on a unified platform. Here’s a detailed look at how these apps fared in terms of weekly downloads, revenue, and active users.
Rocket Money - Bills & Budgets witnessed a strong performance in Q3 2022. Weekly revenue ranged from approximately $114K to $160K, peaking in mid-September. Downloads saw a significant fluctuation, starting at around 145K in late June, dipping to about 50K by the end of August, and rebounding to 100K by the end of September. Active users maintained a steady presence, with a slight increase from around 1.17M to 1.24M over the quarter.
Splitwise had a consistent weekly revenue, hovering around $4K to $5K. Downloads remained stable, generally ranging between 40K and 52K per week. Active users showed a gradual increase, starting at approximately 107K in late June and climbing to about 130K by the end of September.
Mint: Budget & Expense Manager experienced a varied trend in revenue, starting at around $21K in late June, dipping to about $9K in mid-September, and slightly rising again to $10K by the end of the quarter. Downloads were relatively stable, ranging from 37K to 46K each week. Active users showed a minor fluctuation, with numbers peaking at about 1.16M in early August and then slightly decreasing to around 1.05M by the end of September.
Cleo: Cash advance & Credit maintained a steady download rate throughout Q3 2022, starting at approximately 27K and gradually increasing to about 36K by the end of September. Active users also displayed a consistent upward trend, rising from around 224K in late June to about 255K by the end of the quarter.
EveryDollar: Personal Budget showed a varied revenue trend, with weekly earnings ranging from approximately $45K to a peak of $121K in mid-September. Downloads were fairly consistent, averaging around 19K to 24K per week. Active users remained relatively stable, fluctuating slightly around the 300K mark throughout the quarter.
These insights, drawn from Sensor Tower data, highlight the diverse performance metrics of top personal finance apps in the US during Q3 2022. For more detailed analysis and data, visit Sensor Tower.