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Mission possible: Managing your money

The market for professional money managers isn't going away anytime soon, but as the mobile industry becomes more sophisticated, apps are starting to handle some of the heavy lifting.

That's a good thing, too, since Americans on the whole are woefully bad at managing their finances. A study by the Financial Industry Regulatory Authority's Investor Education Foundation found that 19 percent of Americans are spending more money then they make. Meanwhile, the FINRA Foundation's "State-by-State Financial Capability Survey," which surveyed more than 25,000 respondents, found that 56 percent don't have enough tucked away to cover three months of unanticipated financial emergencies.

The good news is: It's easier than ever today to see where your money is going and when your bank balances are getting low. But determining the best tool for your needs can be challenging, especially with the glut of financial apps on the market. We've rounded up 10 of our favorites.

By Chris Morris, Special to CNBC.com

Posted 15 Jan. 2014

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