There are a lot of different budgeting apps available to help you keep track of your money, but what is the best budget app for you? Check out our list of the top budgeting apps to find the one that fits your needs.
Each app has its own unique features, so be sure to read up on them before deciding which one is right for you. Whether you’re looking for an app that will help you set savings goals or one that will automatically track your spending, we’ve got you covered. So what are you waiting for? Start tracking your money today!
The Best Budgeting Apps to Save Money and Track Spending
Budgeting apps are a great way to save cash and track spending. There are a variety of budgeting apps available, and each has its own set of features. Some budgeting apps allow you to track your income and expenses, while others let you set up a budget and track your progress.
Some budgeting apps even offer tips and tricks on how to save money. No matter your needs, there is a budgeting app that can help you save money and stay on track. Here are some of the best budgeting apps to consider:
1. Best Overall Budgeting App: Mint
Mint is a popular budgeting app that can help you track your spending, create a budget, and more. Once you link your bank account, credit cards, and other financial accounts to Mint, it will automatically categorize your transactions and give you insights into where you’re spending your money.
You can then use this information to create a budget and adjust your spending patterns. Mint also offers features like bill tracking and reminders, so you can stay on top of your finances and avoid late fees. If you’re looking for a way to take control of your finances, Mint is definitely worth checking out.
The Mint app is available in both the App Store and Google Play.
2. Best App for Hands-On Users: You Need a Budget (YNAB)
YNAB, short for You Need a Budget, is a subscription-based budgeting app that aims to help users better manage their money. Instead of using traditional budgeting buckets, users allocate every dollar they earn to something (known as the “zero-based budgeting system” where no dollar is unaccounted for). Every dollar is assigned a “job,” whether it’s to go toward bills, savings, investments, etc.
This system is designed to help users make ends meet and avoid going into debt. In addition, YNAB links to users’ bank and credit card accounts so they can see all of their transactions in one place. Finally, YNAB takes security seriously with features like encrypted data, accredited data centers and third-party audits.
The app offers a 34-day free trial, after which users can choose to pay $84 per year or $11.99 per month. The app is offered in both the App Store (for iOS) and Google Play (for Android).
3. Best Free Budgeting App for Couples: Honeydue
With this free budget app, keeping track of money will be more fun. It takes the chore out of budgeting and turns it into a routine.
This is how the budget app works: anytime you feel like splurging, you can check the app to see how much money is safe to spend. The integrated budgeting tools in Honeydue effectively classify all your debit card purchases and give you immediate transaction alerts.
The prompts show you where all your money is going and makes you reconsider your spending habits. This way, you will not be distracted from your long-term saving goals.
The free budgeting app also lets you set different ‘Goals’ based on your income and what you would like to save in the long term. Saving goals can range from gifting yourself the latest 65” Plasma TV to an upcoming vacation.
Breaking your budget into categories (utilities, rent, groceries, etc.) will help you plan for future spending effectively.
Honeydue is available on Both Android and iOS platforms.
4. Best to Avoid Overspending: PocketGuard
PocketGuard is a free budgeting app that gives users a simple way to track their spending and save money. The app links to users’ bank accounts and credit cards and then categorizes transactions so users can see where they’re spending the most money. Users can also set budgets for specific categories, and PocketGuard will alert them if they’re close to overspending.
PocketGuard Plus is available for $34.99 per year for those who want even more features. With PocketGuard Plus, users can create custom categories, set up bill reminders, and track their investments.PocketGuard is a great budgeting tool for people of all financial levels. Whether you’re starting to get a handle on your finances or a seasoned pro, PocketGuard can help you save money and reach your financial goals.
PocketGuard is available on both Android and iOS platforms.
5. Best App for Beginners: EveryDollar
If you are a fan of financial podcasts, then you might have heard of Dave Ramsey, a personal finance guru and radio host who is also the brains behind EveryDollar. EveryDollar allows you to create and adjust your monthly budget in minutes and then track your spending against the budget.
This app has a simple layout that is both practical and beginner-friendly. All you need to do is set up your monthly budget and income at the top. You need to include all the expenses you expect in that period.
To make things easier, EveryDollar syncs to your bank accounts to save you from entering transactions manually. To use this fantastic feature, you’ll need to upgrade to EveryDollar Plus at the cost of $99.99/year.
The price may appear unnecessarily high, but you will get your $99.99 back in no time. The fact that you paid for the premium version will compel you to ensure you use the app. The drop and drag functionality allow you to view your transactions and drag them to a category of your choice.
EveryDollar is available on both Android and iOS platforms.
6. Best Budgeting App for Investors – Personal Capital
Personal Capital is worth considering if you’re looking for a budgeting app that also tracks your investment portfolio and net worth. This is a free app, though there is an option to add investment management services for 0.89% of your money (for accounts under $1 million).
Standout features include the ability to categorize expenses and link to accounts like credit cards, IRAs and 401(k)s. The free app is offered in both the App Store (for iOS) and Google Play (for Android). Security features include data encryption, fraud protection and strong user authentication.
What is the 50 30 20 rule budget?
You’ve probably heard of the 50/30/20 rule budget, but what does it actually mean? The 50/30/20 rule budget is a way to help you allocate your spending.
Up to 50% of your after-tax income can be spent on needs and obligations that you must have or must do. The remaining half should be split up between 20% savings and debt repayment and 30% for everything else.
The 50/30/20 rule budget is a helpful way to make sure that you are not overspending in any one area. It can also help you to reach your financial goals, such as saving for a down payment on a house or eliminating debt.
Is there a budget app that links to bank accounts?
There are several budgeting apps available that can link to your bank account. This can be a helpful way to track your spending and make sure you stay within your budget. Some popular budgeting apps include Mint, You Need a Budget and Personal Capital. Each app has its own unique features, so you may want to try out a few to see which one best meets your needs. Budgeting apps can be a helpful tool for keeping your finances on track.
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Final Thoughts on the Best Budgeting Apps
The ultimate goal of using a budgeting app is to keep track of money successfully – spend less money than you earn. Your bank account balance will determine whether or not you can afford a home, live comfortably or be able to retire.
The best budgeting app will import and classify transactions for you, and the background calculations in these budget apps will help you figure out trends and averages.
YNAB helped me create my monthly budget and got me back on track with my finances. Once I understood my monthly budget, everything fell into place.
Whether you are a parent or a student, our picks are flexible enough to fit various financial situations and priorities. Think about the most important features to you and begin your journey towards financial freedom today.
As you will soon realize, just being able to keep track of your money will significantly affect your spending and saving habits.