13 Best Budget Apps To Manage Your Finances

What are the best budget apps on the market today? In this post, we will outline some of the most innovative apps on the market for budgeting.

If you finally decide to get your finances under control, one of the first things you need to do is develop a budget. A budget is an essential financial tool for people looking to manage their finances effectively.

A budget is like a roadmap to a financial goal. It reigns in your spending habits and keeps you focused. It also shows you when you’ve veered off track.

Many people spend mindlessly on unimportant things and are confused at the end of the day about where their money went. A budget can help solve that problem.

There was a time when people were limited to using journals and spreadsheets to log their daily expenditures–not anymore. These days, we have a plethora of modern applications to make your budgeting task easy. Below are thirteen of the best budget apps on the market today.

1. Personal Capital Budget App

Personal Capital is primarily an investment and personal wealth management company. However, it also provides a set of very effective budgeting tools.

For instance, Personal Capital has a very intuitive dashboard that lets you see all your income and expenses in a single place.

With this tool, you can categorize your expenses, and generate a bar or pie-graph to analyze your monthly income-vs-spending.

This feature helps you understand your income and spending habits, and it gives you all the information you need to make an informed decision about your finances.

Though Personal Capital charges a fee for managing your investment, accessing the budgeting dashboard is free.

Start your journey to financial freedom by signing up for Personal Capital right here.

2. Truebill

Truebill is a popular app that helps its members cancel unwanted subscriptions and negotiate exorbitant bills. But that’s just the beginning of what Truebill does. Truebill also has a budget planner that customers can use to manage their finances.

Truebill does a number of other things that makes it a holistic personal finance app. Here are some of the things you can achieve with Truebill:

• Tracks and monitors all paid subscriptions
• Automatically track bills and monitors for new charges and sneaky price increases.
• Cancel unwanted subscriptions with just 1 click and no headaches.
• Detects account fees, and penalties and request refunds directly from the app.
• Identify where you might be overpaying and find easy ways to reduce bills.
• The app monitors and alerts you about changes to your credit report.
• The app also monitors and alerts you about interest charges.
• Truebill notifies you of recurring transactions and changes.
• Truebill budget tracker tracks your month to month recurring spending to help you save and budget.

If you are looking for a budgeting app, Truebill should be on your list for consideration.

3. Trim

Trim is similar to Truebill in many respects. The app helps members cancel unwanted subscriptions and negotiates their bills.

Trim also

• Negotiate cable, internet, and/or phone bill with ANY provider, and lowers them by up to 30%.
• Trim analyzes your transactions so you can quickly and easily understand where your money is going.
• Trim recognizes recurring charges to make sure you don’t have any forgotten or unwanted subscriptions.
• The Trim app also provides personalized recommendations for the right financial accounts for you.

4. Digit

Digit is a personalized financial tracker that helps you understand your spending patterns. Digit’s complex algorithms can help you achieve financial freedom by doing the following:

• Digit helps you pay your debt faster and easier.
• The Digit app helps members save money consistently by helping them move money from their checking account to a secure Digit savings account on a regular basis.
• Digit’s personalized money tracker learns your spending and income patterns and recommends ways to help you save money.

5. Mint Budgeting Apps

Mint is a budgeting app that helps you to manage all your finances from multiple sources in a single place.

The app has several innovative features that encompass almost all aspects of your financial life.

For example, in the Mint app, you can track your investment portfolio, schedule bill payments, monitor your credit score, monitor all your bank and credit card accounts, set up a budget and categorize your expenses, as well as receive alerts about your financial activities.

Mint is truly comprehensive, and it is free to set up an account on the platform.

[READ: 30 Easy And Legit Ways To Make Free Money]

Mint also assess your financial position and recommends to you, a plethora of financial instruments — from loans to credit cards and investment opportunities.

If you are looking for a comprehensive service to help reign in your expenses, and manage your investments, Mint tops the list. It is one of the best budget apps.

[READ: 12 Best Cashback Apps For Saving Money]

6. Simplifi By Quicken Budget App

Simplifi, a Quicken company, provides an intuitive, yet simple way to stay on top of your finances. They provide an interactive mobile and desktop platform that you can customize to your needs.

You can create a dashboard that makes sense to you by selecting the financial metrics you want to view and monitor.

Just like some of the other apps mentioned here, Simplifi also has the ability to sync all of your finances into one simple-to-use interface.

All you have to do is connect your investments, banks and credit card accounts to the platform.

Simplifi’s intuitive software will automatically categorize all of your transactions to give you a picture of where your money is going. Armed with that kind of information, you’ll be able to take over the reins of your finances.

Simplifi also has the capacity to find and track recurring bills. This feature is useful because it allows you to cancel subscriptions you no longer use.

Simplifi has a ton of other very useful features to help with your budgeting journey.

[READ: 15 Amazingly Simple Ways To Pay Your Debt]

7. You Need A Budget — YNAB

Perhaps the most popular budgeting app out there is YNAB — an acronym for “You Need A Budget.” This app has taken the internet by storm; partly because of its robust digital marketing outreach, but also because they have some very innovative features that the competition doesn’t have.

For instance, with YNAB, rather than just giving you a budgeting software and leaving you to figure everything out for yourself, they actually have free detailed courses and workshops that will teach you how to develop and use a budget.

Many people find YNAB’s convergence of software and education to be very appealing. Using new technology can be intimidating, that’s why the YNAB method of teaching you how to use their tools is so resonant.

YNAB also provides unlimited one-on-one support and video chats to their customers, and that explains why so many people are comfortable signing up with the platform.

YNAB’s platform may not be as robust as some of its competitors, but their unique customer-centric approach has won the hearts of millions of fans. It is one of the best budget apps if user-friendliness is important to you.

[READ: YNAB Budget App Review: Pros & Cons]

8. Clarity Money – By Goldman Sachs

Goldman Sachs is one of the biggest investment banks in the world with unlimited resources, so when they make a budgeting app, it has to have all the bells and whistles. So let’s delve into how this AI-powered financial app stack up against the competition?

Goldman Sachs acquired Clarity Money from Adam Dell, a venture capitalist, back in 2018. Since then, they’ve tried to improve on the apps’ functionality.

Some of Clarity Money’s strongest selling points are as follows: they can help you organize your expenses, break down your spending by category, and track your transactions at a glance.

They can also track and help you cancel unwanted subscriptions. These are all very useful features, especially when you’re trying to cut cost.

Clarity Money does not charge a fee. However, to get the most out of the platform, you’ll have to connect your banks, credit and debit cards. This way, all your financial transactions will be assembled in a single dashboard, and you can monitor your finances from there.

For a service that is free of charge, Clarity Money does provide a great deal of value.

[READ: Financial Security: What Does It Mean To You?]

9. GoodBudget Budget App

The GoodBudget platform is primarily premised on the envelope budgeting method. It’s a system where you divvy up your income into spending categories and place the funds in separate envelopes.

While this method of budgeting is manual, GoodBudget’s twist on it is digital, and here’s how it works.

When you sign with GoodBudget, you’d have the option to make envelopes–digital envelopes, that is–for each of your budget categories.

Once you set up your various envelopes, you’ll put money in them and spend based on the amounts in the envelops and not your bank balance.

unlike other budgeting apps that simply track your spending, GoodBudget holds you accountable to spend only what’s in your envelope.

Another fantastic GoodBudget feature is its ability to sync and share your budget with various people and between devices. For example, you can share your budget with a partner, and that partner will know whenever you spend money from an envelope.

They will know how much you spent, where, and when — every time.

You can set up your account and start budgeting for free.

>>Sign up for GoodBudget Here<<< (opens in a new tab)">>>>Sign up for GoodBudget Here<<<

10. Quicken

Quicken is a very popular personal finance software that has been around for many years. The app allows you to manage your finances on a plethora of different fronts.

For instance, you can manage a budget, manage your investments, plan your retirement, plan your taxes, view and pay bills, manage properties, and manage a small business — all withing the Quicken app.

Quicken is also affordable, starting at only $35 a year.

The Quicken app is one of the best budget apps for wealthy people who need a robust software system to handle all of their financial transactions.

If you are a high roller in need of a software to handle your millions of dollars, Quicken is probably your best bet.

11. PocketGuard

Pocketguard is perhaps the most user-friendly of all the budgeting apps discussed so far. It is a no-frills, utilitarian app that gets straight to the business of budgeting.

The app may not have as many features as some of its more robust and established peers like Quicken and Mint, but it has just enough features for the ordinary person.

For example, you can manage all your bank accounts, credit and debit cards in PocketGuard — even if you are using different banks.

You can also use the PocketGuard to track your income and expenses, set reminders for bill-pay, establish savings goals, sync your loans, savings, and investment accounts.

PocketGuard has many more features that you’ll find appealing.

12. Wally

Wally is a free multicurrency personal finance mobile app that is primarily designed for budgeting.

Wally categorizes your expenses and gives you up to two years of insight about how you spend your money. It is very common for people to spend money and not remember what they spent it on. Wally will take care of that problem for you.

Every dollar you spend using a Wally-linked debit or credit card will be cataloged in the app.

This app one of the best budget apps for beginner budgeters. It is free and simple to use.

>>Sign Up for Wally Here<<< (opens in a new tab)">>>>Sign Up for Wally Here<<<

13. Mvelopes

Just like GoodBudget, and perhaps, as the name suggests, Mvelopes is a budgeting app that’s built on the premise of the envelope budgeting system.

Just like GoodBudget, with Mvelopes, you put your money in digital envelopes, and you spend only what’s in the envelope.

Contrary to other budgeting methods that only track your spending, the envelope method compels you to assign a purpose to every dollar and holds you accountable to stay within your budget.

This is one of the best budget apps for people with problems committing to a budget. However, between it and GoodBudget, GoodBudget will be my preferred option.

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Bottom Line For Best Budget Apps

To get optimum benefit from any of the best budget apps listed above, you will have to surrender your sensitive financial information. Information like your bank and credit card login details, your financial transactions, your whole financial life basically, will be in the hands of these companies. If you are apprehensive of having a third party in your financial life, then these apps may not be the best option for you. Perhaps developing a budget spreadsheet will be the best route for you.

On the other hand, many banks and credit unions are now incorporating budgeting features in their digital interfaces. It will be helpful to ask your bank about the features they have available. That way, you don’t have to bring a third party into your finances.

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