Millions of Americans turn to budget when they want to break bad financial habits and overcome their spending challenges. It's a great way to cut costs and stay on top of bills.
However, budgeting is not easy without the right tools! You can arm yourself with the best budgeting books and the words of successful financial advisors, but you can't beat a great budgeting app to help you stay on track.
1. YNAB
You Need a Budget (YNAB) is one of the most comprehensive budgeting apps on the market. It's a cloud-based service with an easy-to-use template that lets you track your income, expenses, debt, investment accounts, and more from any device. It can be linked to your bank account and updated in real-time using Dropbox, so it will always be accurate.
YNAB goes a step further and provides a useful knowledge base that teaches you how to budget. It uses a unique approach to put every dollar to work to better control your spending.
2. Every dollar
EveryDollar is a budgeting app based on Dave Ramsey's method of paying off debt, saving, and investing. This simple app balances your regular income with your monthly expenses, helping you gain confidence in your financial future.
3. Mint
Mint is one of the top-rated general budget apps on the market. It links to every bank account so you can track your spending. It also has helpful charts that show you how much you're spending in each category.
It's a great way to keep track of your positive and negative balances and plan to save, invest or pay off debt. The best part? it's free!
4. Pocket guard
If you prefer a very simple and free budgeting app that has everything you need, but not too many extras, then Pocket Guard is a great tool. It will enter spending information, including bills and savings goals, and show you what's left. From there, you can decide how to spend your extra money.
5. Wally
Wally's interface isn't the easiest, but it's a great budget app. You can view it perfectly to track your income, check expenses and avoid overspending.
Because it's a little harder to navigate and includes some new additions (like the ability to support foreign currencies), it's a very popular app with millennials rather than Gen Xers or baby boomers.
6. Envelopes.
An envelope budget system is a popular way to make sure you're only spending extra money on specific categories. This is an effective method, but many people don't like to use it because they have a large amount of cash on them all the time.
Mvelopes combines the best of both worlds. Budget spending in different envelope categories so you know how much you're spending in each category. But it's all digital, so you can still use your debit card and not worry about having cash on hand.
7. Good budget
If you're looking for a simple budgeting app that allows syncing across multiple devices,
GoodBudget is a great tool. It syncs in real-time through the cloud so you and your family can control spending.
It is also a great tool for budgeting across categories. You can add a new transaction and easily divide it into different categories. This means that if you spend $50 at Walmart, including groceries, clothing, and household items, you can easily allocate the appropriate amount to each category.
8. Hide and seek.
Round each transaction to the nearest dollar and use the remaining balance to invest $5 at a time.
This is the perfect tool for people who want to invest but don't know how to start because it's completely insane. Once you set it up, it automatically invests for you, and you can save a few hundred thousand over your lifetime by investing just a thousand dollars.
9. Mobile Bill
If you are more of a visual learner, then Mobiles is perfect for you. It's full of great charts that show how your expenses will be used, so you can plan for the future. It has a simple interface with a beautiful screen.
10. Prism
If you're always struggling to keep up with the constant deluge of bills, Prismis is the perfect app for you. It keeps your positive balance and your upcoming bills on the same page so you never miss another bill. You can pay for them.
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