Creating a budget is no easy task. Sticking to it can be even more difficult. But if you arm yourself with the right tools, sticking to a budget can be super easy.
The Best budgeting apps for managing your money
So what better way to incorporate our favorite past time (glued to our smartphones) with ways to help you save money. Why an App of course! So if you need to buckle down and start saving money, you need these budgeting apps.
There are so many different systems people use to save money or pay their bills on time. Some work great, but often time they don’t. Most of the time bills are paid late because people just forget to do it, not because they don’t have the money.
But with our smartphones glued to our hands and apart of our daily lives, there really isn’t an excuse anymore.
You know what they say… there’s an App for everything!
Creating a budget and saving money is no exception. There are several good apps out there that will help you with several areas of finance. Apps that will know when to spend your money, or identify where you waste money.
They can move money from one account to another to help you save and even send you alerts when a bill needs to be paid.
So take some time and review the suggestions of the best apps for budgeting. Turn your smartphone into a personal financial adviser. Start paying those bills and saving money. No excuses.
Related Post: Creating a Basic Budget for Beginners
What is the best personal finance app?
Mint. Mint is one of the best budgeting apps to start with because it is easy to use and helps start you on your budgeting journey. It connects easily to your bank accounts and helps you see exactly where your money is going.
You can identify what needs to be cut back on or get tips on how to save money. Mint will also show you your credit score to keep you accountable. With this app, you can truly pay your bills, get alerts, find ways to save and much more all right on your smartphone.
You Need a Budget. I’m not trying to tell you that, that’s actually the name of the app! This app allows you to connect your bank account so you can see all your money. You then assign every single dollar to an appropriate category.
You can also budget for upcoming events like Christmas or a wedding. Want to buy a house or go on a vacation? It allows you to find ways to save your money to reach these goals as well. You can try it out for free but after 34 days it will cost you $6.99/month. Don’t worry, they budget that in for you!
Good Budget. To all fans of the Dave Ramsey money envelope system, this is the app for you. If you are like me and are too worried about carrying actual cash around (it’s a no-brainer that I will lose that).
Good Budget lets you set up a realistic budget and helps keep you accountable for it. You can also sync this app to others if you have a partner you are trying to budget with.
Wally. The wally app is only available on iPhone but it’s one of the best and most popular budgeting apps. It helps you to not only understand where your money goes but helps you set future financial goals too. Even better, Wally is free and contains no ads.
One cool feature is that Wally allows you to take pictures of your receipts to build your spending right into your app. It also stores everything in your cloud to make budgeting seamless on your phone or tablet.
Digit Bot. This app is pretty cool because it tells you what you should be saving based on your income and expenses. It also automatically moves money around for you so you don’t have to worry about saving money either.
It’s a great tool for lazy savers as it does all the work for you, but this app will cost you $2.99 a month. A small price to pay for helping you save money without even trying!
Mvelope. If you are a Dave Ramsey envelope fan, then this is the app for you. It puts all your money in an envelope system. But what’s better is that you can’t lose this cash like you could with an actual envelope!
Your paychecks can be directly deposited right into the app and all your income is disbursed into the envelopes you set up. The app will then tell you exactly you have left over every month to spend or save.
Acorns. Acorns is a unique app because it helps you save money in a very creative way. You link it to your cards and spend as you normally would. The app automatically rounds up and takes that extra changes and directs it toward a savings account for you.
You save money without trying and without even barely noticing. The app also has ways to invest your spare change and help you find other ways to grow your savings.
Budget Pulse. Budget Pulse is great for people who have a larger purchase in mind for their future and need ways to help them save for it. With this app, you set your budget and set your goals whether it be a new car or a vacation or anything else.
What are the best personal budgeting apps?
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It also helps you to decide where you can cut back on your budget to help you reach your goals even faster. This is also the one app where you don’t need to link your accounts to, for those of you who are too nervous to do so!