It's not easy to fix your finances, it looks like. It can be tiring to pinpoint every dollar that comes in and count every dollar that goes out. Fortunately, there are some budgeting apps that allow you to manage your money directly from your.
It's difficult to say which budgeting app is "the best" because everyone has different styles to deal with their money. Below is a summary of the best results based on App Store ratings and personal experience with the apps.
You need a budget.
Best for complicated and very detailed budgeters.
With many budgeting apps, you can link bank accounts so the app can track where your money is going. You'll need a budget to do this, but you can also manually add transactions to avoid linking bank accounts. This is useful for those who do not want to give third-party apps access to their financial accounts.
However, if you want to connect to yours, you can do so. YNAB connects not only with large banks, but also with local credit unions and institutions. You can also add credit cards and then immediately set a destination, such as: For example, you may want to withdraw your balance over a long period of time or create a budget that includes your entire balance.
After you've linked all the accounts you want to monitor, give each one inbound a task. YNAB's # 1 rule is, "Give every dollar a job." This means that you should not have any remaining money until the time everything is allocated. If you do so, leftovers can be used for savings, investments or pension contributions. Or funny things like birthday parties and holidays.
It does not just end with tracking your money. YNAB wants to make sure you understand the importance of financial management. They provide daily free workshops on budgeting, debt, home savings and much more, as well as an extensive library of educational resources.
After logging in, you can use the app for the first 34 days for free. After that, it's $ 84 a year. This costs a lot of money, especially if you already have money and need a budget app like YNAB to be on the right track. But hundreds of thousands of users swear by this app. Many claim that the savings from using YNAB far outweigh the cost.
Costs: Free for the first 34 days; $ 84 a year, $ 6.99 a month.
Download You need a budget.
. 3 PocketGuard
Best for simple budgeters who can not afford YNAB.
If you're looking for ways to "pocket" your money, PocketGuard is for you. It creates a budget based on your spending habits and shows you when you saved the remaining money or inserted.
You can set goals, such as B. Lower your bills or add more money to your savings and investment accounts. You can also search other financial products to see if there are any ways to save on mortgage payments, insurance or other loans.
The graphics are helpful, such as the pie charts, which help you easily interpret your data at a glance. You can view your income, upcoming bills and the remaining funds needed for your goals. It's like YNAB, but does not provide the same comprehensive user experience. If you want a similar app, but the price is not within your budget, PocketGuard is a solid backup.
Best for simple budgeters who prefer a manual style.
Goodbudget is recommended for the basic management of budgetary funds. Before you had the luxury of budgeting on your phone, we had to take out pencil and paper and write down . There was a time when we "balanced our checkbooks" to make sure we did not spend more than the money on our account.
Although these times are long gone, the basic way of budgeting is not. Goodbudget lets you enter all of your financial details – every transaction you make, every paycheck you receive – and then helps you to create "envelopes." They will never be synced to your bank, credit cards or other accounts. everything is entered manually. You can sync your account with a spouse and other household members to keep track.
These virtual envelopes are similar to categories in other budgeting apps. You set a dollar amount that is used, for example, to pay for your home, car loans, food and more. However, if you stick to the free version, you are limited to just 10 normal envelopes. With the Plus Plan you get unlimited envelopes and some other features.
Costs: Free; Upgrade to Plus for $ 5.99 per month or $ 50 per year.
Best for Budgeters
Full disclosure: I've been a loyal Mint user for almost a decade. It freed me from debt, helped me set a budget for a computer and set financial goals for me (like buying a new car). It started as a way to track my expenses by syncing with my banks, credit cards, savings, and credit accounts. Now I use it for budgeting to make sure I pay bills on time and check my credit worthiness – a newer feature I could not find in any other app I've tried.
The more I use Mint, the more the app learns about me. Still, I think it's great that I can re-categorize transactions that are automatically categorized into something completely wrong. I also think it's great that I can split transactions. For example, suppose you get some of your food from Target, but you also pick up household goods and medicines there. You can split your transactions to divide the correct amount into each category. This is available in YNAB but incurs additional costs.
Having been using Mint for years, I can see how much I've spent over time. As Mint learns more about you and your spending habits, you can see every month where your money is going. It displays patterns and charts by category (or at a glance) of where your money is going. You can also compare months if you want.
I also like that I can change my budget based on my expenses. If I brought my dog to the vet last month, I can add this category to my budget. But if I do not go to the vet this month, I can adjust that budget to $ 0.
Although this is not a storage-specific app, you can use Mint for it. You can add "savings" as a category and then mark that transfer accordingly in your transactions. Mint also offers the opportunity to set goals – for example, buying a home, paying off debts, or anything else you want – but it's the desktop version, not the app.