Money & Career
The 5 Best Budgeting Apps To Keep Track Of Your Finances
Photography, Clay Banks, Unsplash.com
Money & Career
The 5 Best Budgeting Apps To Keep Track Of Your Finances
These budgeting apps make keeping track of your finances a breeze.
Budgeting is hard work, especially when you have to consider food prices, rent or mortgage, phone bills and every other miscellaneous expense. Luckily, there are tools that can help you reach all your financial goals and keep track of your spending easily.
These are the best budgeting apps to download to your phone.
YNAB (You Need A Budget)
YNAB is one of the best hands-on, zero-based budgeting apps. But, it requires some work—you have to plan for every dollar you make. The concept is that every time you get paid, you input how much of your income should go into different budget categories. The point is to make you more intentional with the money you spend. It can also connect to your bank accounts. The downside is that it requires you to be quite committed to checking and updating the app, so it might not be for everyone.
Goodbudget
Goodbudget is another hands-on app based on the envelope budgeting system. The goal is to plan for future finances instead of tracking past expenses by portioning out your income into different categories (called envelopes). The app also gives you access to educational videos and articles to help you budget more efficiently.
Every Dollar
This zero-based budgeting app is similar to YNAB but a little more user-friendly. The free version doesn't sync to your bank accounts but it does allow you to manually input every dollar that comes in and goes out. It also lets you categorize items and sets reminders for the bills you have to pay. The paid premium version has all the same features and lets you connect the app to your financial institution.
PocketGuard
PocketGuard doesn't have a large selection of categories, making it quite simple and straightforward. You can either link it to your bank accounts or input your income and spending manually. The app also shows you how much you have left to spend after you set aside money for necessities, bills and financial goals.
Honeydue
Image, courtesy of Honeydue
Honeydue is worth trying if you want to budget with your partner. It's designed for multiple people to keep track of finances and lets you both connect your bank accounts. The app categorizes your expenses automatically, but you can do this manually.
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