The iPad is a relatively new device but every since it was released it has become extremely popular just like its predecessors the iPod and the iPhone. Many people now can't live without the iPad and rely on it heavily for a number of different reasons. For many the reason they love this gadget is because it has a number of finance applications.

In a worldwide economic recession we all need to pay more attention to how we spend our money and how we can increase our income with sound investments. The finance apps for the iPad help you to do just that, you can keep up with your budget while you keep up with your stocks. Here is a list of the Top 5 iPad financial apps that are currently at the app store.

1. If you are an investor, Compoundee HD is ideal for you. This app only costs you $2.99 and will help you calculate the possible outcomes of a particular investment over time. This app can be used to calculate both inflation as well as tax adjusted progression rates along with amortization schedules.

2. Next for investors is MarketScan. This is really a stock tool which gives you the opportunity to find stocks quickly and easily based on your predefined settings. It comes at a whopping $30 from the app store but it has a lot of features for the dedicated investor.

3. Our next favorite is the Grocery IQ. This is ideal for anybody shopping on a budget but women tend to favor and use this one more than our male counterparts. This app is free at the app store so you really don't have an excuse for not having it on your iPad. One of the most amazing features of this app is that it allows you to find coupons which you can apply to your grocery savings card.

4. Next is the Expense Tablet which is a great way to keep up with how you spend your money and on what. It is great for the entire family, as it ensures that you follow your budget as closely as possible. You can also depict your spending over a couple of months with the use of graphs which can be exported to other applications. This app costs $0.99.

5. Lastly is the app called Square which is an app that can allow you to accept credit card transactions for your charity or business or for any reason you need to accept a credit card. This is a handy app for yard sales so you don't turn away customers that don't have enough cash... ha ha! Best part - it's free!

I hope these apps become your top 5 iPad finance apps as well.

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