10/23/2023 0 Comments Monthly budget apps![]() If you’re not up for that work, the app probably won’t be effective.Įvery Dollar, for simple zero-based budgeting Why you may want to think twice: Because you can’t sync financial accounts, you must enter every expense. Its paid version, Goodbudget Plus, allows unlimited envelopes and accounts, up to five devices and other perks. Goodbudget offers a free version that allows one account, two devices and limited envelopes. You’ll also find many helpful articles and videos that help you use the app. You can access the app from your phone and the web. ![]() You manually add account balances (that you can pull from your bank’s website), as well as cash amounts, debts and income. This app doesn’t connect your bank accounts. ![]() This app is based on the envelope budgeting system, in which you portion out your monthly income toward specific spending categories (called envelopes). Why we recommend it: Good budget is more about planning for your finances than tracking previous transactions. Good budget, for hands-on envelope budgeting Also, its price is high compared to the other apps on our list. By design, it works best for users who want to get hands-on while planning for their money. Why you may want to think twice: You have to be committed to keep up with YNAB. The app works on the phone, desktop, iPad, Apple Watch and Alexa. YNAB allows you to link your checking and savings accounts, as well as credit cards and loans. To help users trek up that learning curve, YNAB’s website offers many educational resources describing exactly how to budget and use the app. With all this decision making, YNAB is about as hands-on as you can get. The idea is that you become more intentional with your money when you’re prompted to actively decide what to do with it. YNAB follows the zero-based budgeting system, which has you make a plan for every dollar you earn.Īs soon as you get paid, you tell YNAB how much of your income should go toward various categories, including expenses, goals and savings. Why we recommend it: This app is designed so that users plan ahead for their financial decisions, rather than track past transactions. If you’re searching for an app in which you plan ahead for your money, rather than track it after the fact, other apps on our list may work better for you. But that may not be ideal if you’re looking to be more actively hands-on in your budgeting. Why you may want to think twice: Mint is impressive in many ways, including the fact that it tracks just about everything on your behalf. Bonus: Mint provides tons of support for using the app, You set limits for these categories, and Mint lets you know if you’re approaching those limits.īesides those budgeting features, Mint may help users pay down debt, save more money and track goals by providing "Mintsights." The app also shows users their credit score and net worth. You can personalize these categories, which are unlimited. (It also has, by far, more reviews than any other app we reviewed.) It’s free and syncs many kinds of accounts: checking and savings, credit cards, loans, investments and bills.Īs far as the actual budgeting, Mint tracks your expenses and places them in budget categories. Why we recommend it: Let’s start with Mint’s very high ratings in both the App Store and Google Play. Fudget, for budgeting without syncing accounts.Honey due, for budgeting with a partner.Pocket Guard, for a simplified budgeting snapshot.Personal Capital, for tracking wealth and spending.Every Dollar, for simple zero-based budgeting.Good budget, for hands-on envelope budgeting.YNAB, for hands-on zero-based budgeting.(Jump to the methodology.) The best budget apps We took a look at the most popular apps and assessed their features for you. Basic budget apps typically connect with your financial accounts, track spending and categorize expenses so you can see where your money is going.
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