If you’d like to put your raging spending on a leash, you should consider checking some of the budgeting apps out there. Most budgeting apps have similar functions, although there are quite a few with unique features.
Because these apps are in their hundreds – if not thousands, you must pick the app that works well with your needs. After trying out several budgeting apps on iOS, Android, and PC, we’ve concluded that the apps below will be worth your while.
1. Mint
One of the best budgeting apps on the market, Mint has an assortment of features that help you monitor your spending. Mint also manages your cash, partnering with a vast array of banks, lenders, credit card companies, and other financial institutions. It is equipped with a plethora of business tools, the pick of the bunch being its budgeting features.
Mint automatically syncs your transactions with your linked credit, ensuring you stay one step ahead of your spending. It provides users with updates on their finances as well as alerts for going over their spending limit.
If you’d like an app that helps you achieve your financial goals, helps you monitor your spending, net worth and income, you can’t go wrong with Mint.
Available on Android and iOS.
2. PocketGuard
If you want to guard your pocket from unnecessary spending, go for PocketGuard. It is one of the few budgeting apps that’s able to monitor your expense for a full month. It sets up well, syncing with your bank accounts and credit cards.
PocketGuard not only monitors your earnings, but it also tracks your pending payments as well as day to day expenses throughout a specific time. It is also a budgeting app that helps you save money by keeping tabs with every bill.
From Internet costs to phones and Netflix payments, PocketGuard is always on alert to bring you the best deals. There’s no way you’d use this app and not spend less.
Available on Android and iOS.
3. GoodBudget
Formerly known as the Easy Envelop Budget Aid, GoodBudget utilizes virtual envelopes to keep track of your financial transactions. It is a great budgeting app for couples who prefer to budget together. It allows individuals to sync as well as share their budgets across the iOS and Android platforms, making it the perfect budgeting app for couples with combined finances.
But this is not to say it isn’t good for solo budgeters because it is. Once you fill in a new transaction, the app gives you the option to include further particulars, putting your expenses into separate envelopes. The app offers up to 10 envelops if you’re using the free version. However, you are not able to auto-sync your credit cards or bank accounts.
Almost every information is imputed manually. You can get unlimited envelops if you subscribe for the paid version of the app.
Available on Android and iOS.
4. Personal Capital
Personal Capital is a budgeting app with a comprehensive suite of features. It is an app that primarily helps you to invest your money while allowing you to track your spending. The free version has features that help users to monitor their transactions. Some of the things you can track include loans, savings, and mortgages amongst many others.
Personal Capital gives you a snapshot of your spending that’s broken down in categories. You can tweak these categories to know all the monthly expenditures represented by that category. As a bonus, the app also gives a breakdown of your portfolio while tracking your net worth.
Available on Android and iOS.
5. Wally
As a free app, Wally isn’t the easiest to use compared to some of the budgeting apps above. However, the app supports almost any type of currency imaginable. It helps users to monitor their expenses and income while providing a snapshot of your budget leftovers to curb overspending.
The app is well received by Millennials and is an excellent option for budgeters who reside outside Canada and the US.
Available on Android and iOS.
6. Simple
As simple as it may seem, Simple is not your everyday budgeting app. It is a virtual bank account that takes the place of your checking account with lots of built-in features. It easily keeps track of your spending because it combines your bank account and your budget in one app.
The app motivates users to save money by setting up a goal feature. As a budget-and-bank app, it is quite handy for budgeters who prefer to handle their financial transactions with minimum fuss.
Available on Android and iOS.
7. EveryDollar
As the name implies, EveryDollar is one of the few budgeting apps that use the zero-based budgeting system where your expenses match your income. You can plan future purchases while tracking your spending.
Users must create a transaction whenever they intend to spend money. However, if you upgrade to EveryDollar Plus, the app will sync with your credit cards and bank accounts.
Available on Android and iOS.
8. Clarity Money
Clarity Money is a budgeting app that aims to give you a clear picture of how much you’re spending. It monitors your recurring subscriptions and helps you to organize your expenses. Clarity Money can sync with your bank account and credit card, and you can control your credit score with the app. For a free app, Clarity Money is a must-have for budgeters who need an app with a more inclusive feel.
Available on Android and iOS.
9. Spendee
Spendee is an expense tracker that helps you rein in your spending. It is a budgeting app that shows you how you spent your money. The app has wallets for special occasions like birthdays and weddings, which is separate from your primary wallet.
Spendee utilizes visual cues to show you your expenses information at a glance. And if you’re looking to travel abroad, then you have nothing to fear because you can track your expenses in different foreign currencies.
It is a highly functional app, allowing you to budget with your family and loved ones. Spendee prioritizes the safety of your information, ensuring your financial details are beyond the reach of hackers. Although it’s a free app, there are in-app purchases that help the developer to make money.
Available on Android and iOS.
