7 Best Budgeting Apps to Help You Stick to Your Monthly Plan
Looking for the best budgeting apps to help you keep to your monthly plan? We have curated the best 7 apps to help get your finances in order.
If you are like most people, the idea of creating and sticking to a budget seems daunting. Even if you are diligent about tracking your spending, it can be difficult to stay within your means month after month. This is where budgeting apps come in handy.
Budgeting apps can help you track your spending, set goals, and stay on top of your finances. They can also help you find ways to save money and make better financial decisions.
There are a lot of budgeting apps out there, so how do you know which one is right for you? Here are seven of the best budgeting apps to help you stick to your monthly plan.
Best Budgeting Apps
It can get overwhelming to keep track of your monthly financial expenses, but these budget apps make it a lot easier.
What are budgeting apps?
Budgeting software is an application that aims to assist you in optimizing your monthly expenditures and savings decisions. A budgeting program can help you have a better understanding of your financial choices and behaviors by putting all of your financial obligations and objectives in one location.
A budgeting solution may provide additional features such as financial goal setting and money flow monitoring across several financial accounts, much like the applications you may use from your bank or credit union. Budgeting solutions can link to your bank and credit card accounts for a comprehensive view of your finances.
How to choose a budgeting app?
When selecting a budgeting app, it’s important to find one that best suits your unique financial needs and circumstances. Consider the following factors:
- Ease of use: The app should be easy for you to understand and navigate so that you can actually use it on a regular basis.
- Compatibility: Make sure the app works with the devices you own and any software you already use.
- Features: Consider which features are most important to you and look for an app that offers them. Some apps offer more comprehensive money management features than others.
- Cost: Many budgeting apps are free, but some charge fees for certain features or services.
- Security: Personal information like bank data and logins is very sensitive, especially with regards to security. While most budgeting applications have a degree of protection, some are more secure than others. Check out each app’s level of encryption to ensure you’re confident in your financial decisions. On their websites, you can find security measures such as 256-bit encryption and two-factor authentication.
10 Best Budgeting Apps
Here are the best budgeting apps to help you stick to your monthly plan, based on our research and findings.
GoodBudget is a free budgeting app that’s available for iOS and Android devices, and it also has a web version. The app is based on the envelope budgeting system, where you allocate money to specific categories like rent, groceries, and entertainment.
This app doesn’t link your bank accounts. You must enter account balances (which you can get from your bank’s website) as well as cash figures, debts, and earnings manually. Money is then transferred to envelopes.
2 You Need a Budget (YNAB)
The YNAB app is intended to assist users in budgeting rather than tracking their expenditures. This app utilizes the zero-based budgeting method, which instructs you to create a budget for every dollar you earn.
While you don’t need to link your bank accounts, you can import data from them. The app also allows for manual entry of any cash transactions.
You may connect your checking and savings accounts, as well as credit cards and loans to YNAB. The app is available on Android phones, desktop computers, iPads, Apple Watches, and Amazon Alexa devices.
3 Personal Capital
Personal Capital is one of the more comprehensive budgeting apps available. Not only does it track your spending and create a budget, but it also helps you monitor your investments.
You may track checking, savings, and credit card accounts, as well as IRAs, 401(k)s, mortgages, and loans. The app displays a spending overview by grouping recent transactions into categories. You can modify the categories and see the proportion of overall monthly spending each category absorbs.
PocketGuard is one of the best budget apps because it links directly to your bank account and tracks your spending.
The app analyzes your income and recurring bills, then shows you how much money you have left over for discretionary spending each day, week, or month. You can also create a savings goal and PocketGuard will help you set money aside to reach it.
Honeydue is one of the best budgeting apps for couples. The app helps you manage shared expenses and keeps both partners in the loop about what’s been paid and what’s still owed.
You can also use Honeydue to set up a family budget, track spending, and monitor your credit score.
Honeydue allows couples to improve their financial transparency, use a chat function to discuss difficulties that arise, track everything from bank accounts and loans to investments and bill-paying, and more.
Stash is an investment account that’s also a budgeting tool. The mobile app is designed for novice investors who want a simple method to buy stocks and other investments. Customers of Stash also have access to banking services and financial management tools. This Stash review examines how Stash works in order to help you decide if it’s worth your money.
Stash does not provide the comprehensive budgeting capabilities that are available in other budgeting apps. Stash users may set savings objectives and automate their savings to meet those objectives using the banking part of the app. Users can also track spending with Stash, which can assist you in better understanding your expenditures and providing advice when creating your monthly plan.
Mint is a budgeting tool that’s been around for years and has built up a large following. Mint connects to your bank account and tracks your spending. The app also provides insights into where you’re spending your money and offers advice on how to save.
Users may link up bank accounts, money management accounts, retirement and investment accounts, credit cards, and other financial accounts with Mint. You can keep track of all of your monthly bills using Mint and get reminders to pay them on time so you don’t have to stress about it. Mint is designed for single users only, and there is no option to create joint Mint accounts. However, two people with linked financial accounts can have their own Mint account and sync the same information to see the same data.
The Bottom Line
Budgeting is a process that requires effort and attention, but it is worth it to be in control of your finances. The best budgeting apps can help you by tracking your spending, categorizing transactions, and giving you a clear picture of where your money goes each month.
While there are many different budgeting apps available, Mint is our top pick because it is free, easy to use, and provides a comprehensive view of your finances. If you are looking for a more sophisticated budgeting tool, YNAB or Stash may be a better fit for you. Regardless of which budgeting app you choose, the important thing is to find one that works for you and helps you stick to your monthly budget.
Keeping an eye on your finances is important, but it can be hard to do if you don’t have a budget. A budget can help you track your spending and save money each month – this saving can go towards your financial goals, whether that’s buying a house, taking a dream vacation, or simply having some extra cash each month.
What is your favorite budgeting app? Let us know!