By ensuring that you aren't spending more than you are earning, budgeting enables you to plan for both short-term and long-term needs. It is, however, easier said than done.
The good news is that there are several apps that can help you accomplish that goal.
We gathered the best and must-have apps that are worth checking out if you want to start your budgeting journey (via Investopedia and nerdwallet). The following are all accessible to users of Android and iPhone.
Goodbudget
Instead than tracking prior purchases, this app focuses more on financial planning. This is based on the envelope budgeting method, which divides your monthly money into different categories of spending. Your bank accounts won't be linked by this app. You manually add monetary sums, debts, income, and account balances. After that, you allocate funds for envelopes.
Get Goodbudget in Android or iOS
Mint
Within the app, you have the option to manually add transactions or sync your financial accounts. You can view all of your accounts in one location and manage your daily spending with Mint. The app automatically classifies your purchases so you can quickly view totals by category. Additionally, Mint provides monthly bill tracking services, such as payment reminders to prevent late fees. The tool also lets you monitor portfolio fees and keep track of your investments.
Personal Capital
Checking, savings, and credit card accounts, as well as mortgages, and loans, can all be connected to and tracked. The app shows a snapshot of recent purchases by categorizing them. You can edit those categories and see what proportion of your monthly spending each one accounts for. The investment options in this app are what set it apart from other budgeting and saving apps, so if that's what you want to do, you might want to check out a different app.
Get Personal Capital in Android or iOS
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PocketGuard
The features of the app are concentrated on aiding users in reducing spending. Your income, expenses, and savings goals are tracked by an algorithm used by the company to determine how much you can spend each day. It is simpler to stop overspending and take charge of your financial objectives with the help of these spending caps.
Get PocketGuard in Android or iOS
Simplifi by Quicken
This app receives great scores for providing a customized spending plan with up-to-date information on how much money is still available for spending each day of the month. For you to see where you stand and how you're doing with your financial goals, the app syncs your bank accounts. Including the subscriptions you don't use, Simplifi by Quicken keeps track of all of your monthly expenses and payments.
Get Simplifi by Quicken in Android or iOS
YNAB
Instead of tracking previous transactions, this app is made to encourage users to make financial plans in advance. With YNAB, you create a plan for each dollar you earn according to the zero-based budgeting method. Immediately after receiving your paycheck, you tell YNAB how much of your money should go toward specific categories, such as expenditures, goals, and savings.
Zeta
Couples, whether they share finances or not, are the target audience for this app. The app offers services for all different kinds of couples, including cohabiting partners, engaged, married, and expectant parents. To track spending, view your net worth, and handle bills all at once, you can sync multiple accounts.
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