15 Personal Finance Apps to Help You Budget Better

Managing your personal finances can be quite the challenge, especially if you’re trying to save up, clear a debt, or simply manage your daily expenses better. Luckily, technology comes to the rescue with a great variety of personal finance apps designed to help make budgeting a breeze. In this piece, you’ll learn about 10 of these apps which will change the way you manage your money.

1. Mint: Budgeting Made Easy

You might have heard of Mint. It’s recognized as one of the top personal finance apps, and for good reason. This app gives you an impressive overview of your finances at a glance. It securely connects to your bank and credit card accounts, automatically categorizing transactions as they occur. Mint also offers bill tracking reminders, low balance alerts, and budgeting tools that show you how much you’re spending in different categories.

2. PocketGuard: Know Your Spending Limit

Next on the list is PocketGuard, a great tool for anyone looking to stay within their spending limit. Similar to Mint, it links directly to your financial accounts and tracks where your money is going. The shining feature here though is “In My Pocket,” which shows just how much you can afford to spend after accounting for bills, ongoing goals, and habits. PocketGuard is available for both iOS and Android devices on Google Play and Apple Inc.

3. EveryDollar: Track Every Penny

Created by financial guru Dave Ramsey, EveryDollar works on the principle of zero-based budgeting where your income minus your expenses should equal zero. This means you should assign each dollar a “job” in your budget, whether it’s for saving, spending or debt repayment. With the premium version, you can link to your bank and track transactions directly.

4. Wally: Balance Income and Expenses

Wally is a simple yet comprehensive app that allows you to balance your income and expenses, providing an average over time so you’re aware of the bigger picture. Its intuitive interface allows for easy expense input and recognition, ensuring that you have an accurate and detailed understanding of exactly where your money goes each month.

5. You Need a Budget (YNAB)

You Need a Budget, or YNAB, encourages users to live on last month’s income, teaching you to stop living from paycheck to paycheck. YNAB keeps track of what you spend on groceries, rent/mortgage payments, entertainment, and other categories so you know just where cuts can be made if necessary. YNAB has been praised for their educational resources with free workshops on topics like “Master Credit Cards With Your Budget”.

6. Personal Capital: Investment Tracking

Personal Capital isn’t just for budgeting. It also includes a robust investment checking component. Take advantage of the budgeting tool to track your income and expenses, then use the investment tool to evaluate your assets and liabilities. You even have access to a comprehensive retirement planner, so you can map out exactly what you’ll need to save to secure your golden years.

See also  Planning for a Financially Secure Future as a Single Parent

7. Clarity Money: Financial Health App

Clarity Money is like your personal financial advocate. It helps keep track of every penny you spend in one place and makes it easy to see where you’re overdoing it. The app also analyzes your spending behavior, identifying opportunities to save money where you might not have spotted them before. Its cool features include finding subscriptions you may not use, and negotiating bills on your behalf.

8. Goodbudget: Envelope Budgeting System

Remember the envelope system of budgeting? Goodbudget is that, digitalized! This app allows you to allocate money into different envelopes for each of your budget categories. As you spend, you draw from the appropriate envelope – when it’s empty, you know you’ve reached your limit for that category. It’s a great way to visually understand how well you’re sticking to your budget.

9. Mvelopes: Plan Your Finances

Just like Goodbudget, Mvelopes offers envelope budgeting but with some additional features. With versions ranging from basic (which covers standard budgeting tools) to complete (which offers integrated financial coaching), this app caters for your specific needs. It can help you get out of debt by assisting in making a plan and tracking your progress.

10. BUDGT: Daily Finance Simplified

If you prefer to keep things simple, BUDGT might be the perfect fit for you. Specially designed for daily budgeting, BUDGT breaks down your budget into daily allowances, ensuring expenses remain under control. You can keep track of your spending, log what you spend and where, and compare monthly results to see how well you’re sticking to your financial commitments.

11. Prism: Bill Management Handled

Are you juggling multiple bills and struggling to keep them organized? Meet Prism. It’s a user-friendly personal finance app you can download from Google Play or Apple Inc.’s App Store. Prism provides an all-in-one platform for your bill management needs. You can log in all your bills – credit card, mortgage loan, utilities, etc., and Prism will remind you when they are due. Plus, the app allows you to pay your bills directly from within the interface itself. You can choose the payment option that works best for you. Worried about security? Don’t be! Prism employs state-of-the-art technology to ensure that your transactions remain private and secure.

12. Expensify: Simplified Expense Reporting

Eager for a solution that simplifies those tedious expense reports? Check out Expensify. It’s an app that enables you to capture receipts, track business and personal expenses, and choose the most efficient way to report them. Whether it’s for living costs or business-related expenses like loan repayment or investment choices, Expensify has got you covered. The app uses advanced technologies like SmartScan, which allows automatic receipt scanning. Available on both iOS and Android devices, it aims to streamline your financial reporting workflows.

See also  Understanding the Importance of Credit Score

13. Digit: Automatic Savings Builder

If saving money feels like a daunting task, try Digit. This personal finance app takes an intelligent approach to saving without much effort on your part. Once connected with your bank account, Digit analyzes your income and spending habits to make safe, automatic transfers into your Digit account. It’s like having a personal finance assistant that’s available to help you save 24/7. The app is handy if you’re saving for something special or looking to build an emergency fund. Digit is available on the App Store and Google Play.

14. Toshl Finance: Fun Budgeting

Budgeting doesn’t always have to be a dreary process. This is where Toshl Finance comes in. Toshl turns the task of budgeting into a fun activity by using quirky, animated monsters as visual aids. With features like income and expense tracking, option to enter cash payments, ability to synchronize your credit and bank accounts for real-time financial updates, Toshl makes managing finances a breeze. If you often deal with various currencies due to travel or trade, Toshl’s multi-currency support is just what you need.

15. Wallet: Money, Budget, Finance

Keep track of your money, budget, and finances with Wallet. Available on Google Play and the App Store, Wallet stands out with its ability to integrate with other services like MSN Money and does not require complicated setup. You can easily add new transactions as you make them. Sync your debit or credit card information and bank transactions with Wallet to get comprehensive insights about your spending habits. By sorting expenses into categories such as debt repayments or family economics activities, Wallet helps provide clear visuals on where your money goes.

Conclusion: Manage Finances Wisely

In today’s technology-driven era, managing personal finances need not be a daunting task anymore. Leverage these personal finance apps to navigate through your financial goals effortlessly – may they be categorizing expenses, saving, or investing. Remember, a well-managed personal economic landscape is crucial to less stress and more happiness. Start saving and investing using these resources right away and feel ready to face any financial storm that may come your way.

Scroll to Top