BEST BUDGETING APPS – Know Your Options!
Spending your money on an endangered cat species – Optional.
Keeping track of your money with a budget – Not Optional…
(unless you really don’t care where your money goes. And if that is the case – I’m in need of a new air conditioning unit. 😊)
But if you’re looking to stay in control of your money, here is a list of some of the top budgeting apps that can help you keep track of your financial goals.
Note: Budget apps generally have the same core features. They let you set up a budget and help you keep track of your expenses. Most Apps are free with options to pay for the privilege of linking your bank account.
Here is a list of some of the top-rated budget apps. I will highlight some of the features that set them apart from the rest of the bunch.
Choose the one that looks good to you and start budgeting today!
Budget APP Options
- Wally is a relatively new company that offers an app that lets you compare your income with your expenses.
- You can set goals directly with the app and see your progress
- My favorite feature is the ability to scan your receipts
- You can also keep track of your spending daily as well as monthly
- Level money allows you to link more than one bank account
- This is your simple, basic tracker
- Favorite Features: they make predictions for your balances and regular bills. They also have a spendable feature which allows you to label your purchases as ‘essentials’ vs. ‘non-essentials’ which is good if you’re trying to save money and need a quick reference on what items you can cut out of your spending.
- This app follows the principles and ideas of Envelope Budgeting
- There are 3 different versions: Free, Premium, and Coaching
- With the free version, you are allowed only a set amount of budget categories. If you want the unlimited option you have to become a Premium member.
- I do like their coaching feature. If you’re really struggling to save and budget, they offer coaching sessions to help maximize your budget and help you plan for retirement.
- Mint is a more popular budgeting system that prides itself on being the “All In One” budgeting app
- They do budgets, automatic billing, and lets you track your credit score
- They offer investment ideas and will even give advice on finding loans and opening credit cards
- This is a very simple budgeting app. They offer a paid version with more features.
- The home screen lets you see how much money you have ‘in pocket’ (be aware of the account balances trap)
- They track your bills, your income, and your outgoing expenses.
- Relies heavily on the Envelope Budgeting System (my preferred method)
- They offer a free plan, but their paid plan is only $5/month or you can pay for the whole year at a discounted rate of $45. I would highly recommend this app if you are wanting to mobilize your envelope budgeting method
- This is a Paid service. You can try it free for 34 days, but after that you pay $5/month or $50/yr.
- They also rely on the envelope system.
- They have 4 basic principles:
- Give Every Dollar a job
- Embrace your true expenses (i.e. saving for car repairs)
- “Roll with the Punches” – a nice ‘don’t sweat it’ attitude.
- Age your money – This is the heart of their training. They offer classes to show you how to save enough to begin living off last month’s income.
My #1 Choice
Every Dollar budget app. See how to set up your budget with this Step-by-Step tutorial. EveryDollar was founded by Dave Ramsey who made the Envelope Budgeting system famous. This is what I personally use in my home.
Check out Dave Ramsey’s life changing book!
Did I miss one? What’s your favorite Budget app? If you want more details about budgeting please drop me a comment below and I’d be happy to guide you anyway I can.