7 Best Apps for Your Budgeting Needs
Budgeting is a complex issue for many people, as there are so many things you need to spend money on.
Why not let technology do the work for you?
There is a range of new apps using different budgeting methods, so you can choose the one that works best for you.
Get back in control of your spending and saving.
Here are some examples of the top budgeting apps at the moment, available for both iOS and Android.
1. Mint (Free)
The most popular budgeting app for a good reason, Mint tracks your transactions with automatic updates and creates a picture of your spending in real-time.
Your budget is separated into categories that users can choose or add to so that you can track bills, set budgets and split transactions.
You can set a threshold and the app will alert you when you go over this. There are also a couple of credit check features.
2. YNAB ($11.99/month)
You need a budget (YNAB) costs a little more and is geared towards a more committed user.
It teaches you how to live off your last month’s income, by getting you to make a plan for every last dollar you spend.
It allows you to connect to your bank accounts, set saving goals and has plenty of user guides and budgeting advice available.
3. Even Dollar (Free)
The free version of Even Dollar boasts that it can help you make your first budget in ten minutes.
There’s a “plus” version that you can pay $129.99 for which connects to your bank accounts and has more advanced features.
It’s based on a zero-budgeting method so your expenses equal your income.
4. Pocket Guard (Free)
Pocket Guard works on the simple basis of how much you have “left in your pocket” after you’ve paid all bills and regular expenses.
This is a straightforward way to control your spending. You can set aside all your regular payments such as your rent or mortgage, universal life insurance, utilities, and subscriptions, and the app lets you know what you have remaining.
5. Clarity Money (Free)
Clarity Money goes beyond spending transactions and provides are more all-inclusive budgeting.
It links your savings and accounts and also monitors any subscriptions you have, with a feature that allows you to cancel them.
It also has a credit score monitoring feature.
6. Good Budget (Free or $6/month)
Good Budget is based on the shared-envelope budgeting method which involves rationing out your monthly income into categories.
There is a free version with the option to use one account, two devices, and limited envelopes, or you can upgrade to “plus” to add up to five devices, unlimited envelopes, and more advanced features.
7. Personal Capital (Free)
This app also tracks your wealth and investments, as well as your spending.
Personal Capital helps you out with optimum investment guides based on algorithms used by robo-advisors.
The app is like having your own financial advisor.
It’s time to learn how much you’re really worth and get technology managing your money!
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