People often find it hard to stay true to the budget they set for themselves. Calculating all the incomings and expenses isn’t enough in this case. A budgeting app can be the perfect companion to keep your budget in check.
Budgeting apps can help track your finance records and set a budget for you to follow. With the help of an app like that, you won’t have to worry about managing your daily expenses. The app will take over for you. Here are 10 of the best budgeting apps.
You should also check Best Personal Finance Apps
Best Budgeting Apps
9. Personal Capital
This app has a dashboard that offers a lot of tools to help track your financial activities. Once the app is linked to your account, it automatically tracks all your incomings and outgoings. It shows your expenses by dividing them into separate categories so you can have a graphical view of where your money is going.
Personal Capital also keeps track of your investments. You can easily find all your mutual funds, your asset accounts all in one place. Among the tools from the dashboard, there is a planning tool that can show you future saving plans according to your current financial state. No need to worry about designing a budget on your own.
Just like the name, this app is designed to guard your pocket, which means your spending habits. This app can track your total spending to compare it to your budget for the month. You need to link all your bank accounts with the app and it can create a budget for you.
The app will follow your spending trail to see where all your earnings are going while also reminding you to deposit enough on your savings account. PocketGuard can also keep track of every single bill and find you a better deal with service providers. The app is programmed to cut your expenses in every way imaginable.
Probably one of the most well-known budget apps out there, Mint can track your bills, monitor your expenses and create a budget. To get started with Mint, you need to link all your accounts with the app from where the app will get your monetary information. Then your spending will be broken down into categories so you can see how much you spend on each category and look for ways to cut back your spending.
Depending on your financial records, Mint will provide you with budget suggestions that are designed just for you. The app is free to use so you can try it anytime you want.
Instead of focusing on the balance of your debit and credit cards, Mvelopes believes in cash budgeting. This app connects with your financial accounts and uses the classic envelope budget method where your regular spending gets set according to the cash you have available. With this real-time budgeting, you can avoid falling in debts and focus on following a monetary plan that can benefit you.
Not just a budget app, Simple is your entire bank account in itself. Simple automatically track your incomes and expenses to come up with savings goals for you to follow. By having both your bank account details and your budget goals, Simple can keep you on track so that you won’t get derailed with any extra or necessary spending. The app requires no fee and is easy to use.
Albert can answer all your questions to help you create a better financial image. You can consult financial experts to live to guide you into a better financial plan. The app operates via text where you can get answers about your debts, investments, payments, loans, insurance, etc. Albert will provide you with suggestions on how to improve the spending habits that will keep you dedicated to your budget goals.
3. You Need a Budget
The YNAB (You Need a Budget) app is very popular among its users. YNAB ensures that every dollar you earn has a purpose to fulfill. All your earnings will be divided to be spent into your bills, investments, debts, and savings. This app is highly efficient among the budget apps as it makes you reconsider your every purchase. It gives you the option to either sync your bank accounts to keep track of your expenses automatically or you can manually put in the information. YNAB actually succeeds in driving its users towards their monetary goals.
This app calculates your monthly income to divide it into different expense categories. You can spend those divided sections throughout the month to pay off your expenses. This is a great app for tracking where your money goes every month. It’s just the digital way of putting your cash in different envelopes to spend accordingly.
You can choose the free plan first and then decide whether or not you want to move to the plus plan. This app is most efficient for people who have discipline as there are no fancy graphs or charts to show you where your money is going. But the app helps keep track of your spending so you can control it.
Best suited for investors, Acorns helps users to invest their savings. After connecting your accounts with the app, Acorns will track your risk preference to invest your extra income or savings to exchange-traded funds (ETFs). The app will start working on making investments on your behalf without you understanding the difference. So don’t be shocked if you end up having some extra cash in your account out of nowhere.
In conclusion, the budgeting apps can keep your life on track by establishing budget goals for you to accomplish. It works as your own financial manager that monitors your incomes and expenses to design a budget that will properly utilize all your money.