Getting organized is one of the best ways to control your finances. Creating a budget is a great way to start, and free (or paid) budgeting apps can help you keep track of your spending. These tools allow you to see where you can make small changes to improve your financial situation.
We’ve rounded up the best budget apps on the market to help you start. These tools will allow you to keep track of your spending and make small changes to improve your financial situation.
Mint is an excellent app that can help you track all your spending transactions in real-time. It can also split your spending into different categories to see how much you’re saving. It’s helpful to link your various bank and credit accounts so that you can analyze the information related to your spending.
Instead of tracking past transactions, Goodbudget is focused on planning for your future financial goals. It uses an envelope budgeting system, which involves splitting your income into different categories. This app doesn’t connect to your bank accounts; it only allows you to add money to various accounts manually.
You Need a Budget (YNAB)
YNAB is considered one of the best budget apps on the market. According to the company, new budgeters save around $600 in the first two months and over $6,000 in their first year. It’s important to note that YNAB is not free, costing about one hundred dollars a year.
With the app Acorns, you can easily save money by automatically rounding up your purchases to the nearest dollar and putting the rest into an investment fund. This method allows you to start building a nest egg without thinking about it.
The app PocketGuard helps you keep track of all of your spending, and it can analyze the numbers to show you how much you have to spend. It can also split your spending into different categories to visualize the information related to it. It’s one of the best budget trackers out there. You can set spending limits that trigger notifications when you reach the line.