What are the best budgeting apps? What is the best free budgeting app? What is the best paid budgeting app?
There are many budgeting apps available on the market, but which one is the best? It really depends on your individual needs and preferences. However, we have compiled a list of the overall best budgeting apps to help you make the most informed decision.
5 Most Popular Budgeting Aps
Mint Budgeting App (Free and paid versions)
The most popular budget app. The free version is good, the paid version is mediocre at best.
YNAB You Need a Budget App
Only a paid version, after the free one month trial. The most popular paid budget app. Many people rave about this app
Personal Capital
From a former financial planner’s point – this website and app are invaluable! Great way to keep track of your finances, for free.
EveryDollar Budgeting App (Free and paid versions)
From Dave Ramsey – another highly rated app that many people love. Offers a free and a paid version.
Kakeibo
My personal favorite. The Japanese budgeting system of being mindful of your cash flow.
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2 Best Paid Subscription Budgeting Apps
Rocket Money Budgeting App
Truebill helps you track your spending, set budgets, and find ways to save money. It’s easy to use and has a lot of features that other budgeting apps don’t have.
For example, you can connect your bank account and credit cards to Rocket Money so it can track your spending and give you a better idea of where your money is going. They make it very easy for you to use.
You can also set up alerts so you know when you’re close to your budget or if you’ve overspent in a certain category.
Rocket Money is a great budgeting tool for anyone who wants to get their finances in order. It’s easy to use and has a lot of features that other budgeting apps don’t have.
If you’re serious about getting your finances in order, the Rocket Money paid app is worth the price.
READ OUR COMPLETE REVIEW OF ROCKET MONEY HERE
YNAB You Need a Budget App
There are a lot of great budgeting apps out there, but the best paid subscription budgeting app, in my opinion, is YNAB (You Need A Budget).
I love YNAB because it is extremely user-friendly and it really helps staying on top of your finances. You can easily see where you’re spending your money and where you need to cut back.
I also like that I can set up your budget for the month ahead of time, so you know exactly how much you have to spend in each category.
The only downside to YNAB is that it is a paid subscription, so it does cost money to use. However, in my opinion, it is worth the price because it is such a helpful tool.
If you are looking for a budgeting app that will help you stay on track, I would highly recommend YNAB.
The Worst Paid Budgeting App
Mint Budget App
The worst paid subscription budgeting app has to be Mint. Mint is a great free app, but it charges a monthly fee for its premium features. And the Mint free version is perhaps the most popular budgeting app available.
But the Mint paid version is another story. The app is known for being buggy and unreliable.
Mint is a budgeting app that allows you to track your spending, set budgets, and see where your money is going. The app is free to download and use, but it charges a monthly fee for its premium features.
These features include things like credit score monitoring, bill pay, and investment tracking. Mint is also known for being buggy and unreliable. The app has been known to delete users’ data, and it has also been known to make it difficult to cancel your subscription.
If you’re looking for a paid budgeting app, there are better options out there than Mint. You can find budgeting apps that are more affordable, more reliable, and more user-friendly.
Best Free Budgeting Apps
There are many budgeting apps available on the market, but which one is the best? It really depends on your individual needs and preferences. However, we have compiled a list of the best free budgeting apps to help you make the most informed decision.
Mint Budget App – free version, not paid
Mint connects to your bank account and automatically categorizes your transactions, you can then set budgets for each category and Mint will track your progress. Mint budgeting app can take the guesswork out of budgeting and you can easily see where you are overspending.
Mint also has a great bill tracking feature. You can add all of your bills to Mint and it will keep track of when they are due. This is super helpful for making sure you never miss a payment!
Overall, I highly recommend Mint (the free version) if you are looking for a free and easy to use budgeting app. There is a reason Mint is the most popular free budgeting apps.
EveryDollar Budgeting App – free version, not paid
The EveryDollar app is very user-friendly and easy to use. You can add your income and expenses, and it will give you a clear picture of where your money is going. You can also set up a budget and track your progress.
I highly recommend this app to anyone who is looking to save money and get their finances in order. It has definitely helped many clients to stay on track!
Personal Capital
As someone who is always looking for new and better ways to manage finances, I was very excited to come across the Personal Capital app years ago. This app is a free financial management tool that allows you to track all of your accounts in one place. You can also set up budgets, track your net worth, and more.
WANT AN EASY WAY TO TRACK YOUR NET WORTH – SIGN UP FOR A FREE Personal Capital ACCOUNT TODAY!!
The interface is clean and user-friendly, and the features are really helpful. For example, I love being able to see all of my accounts in one place.
I also really appreciate the budgeting feature. Overall, I would suggest looking into the Personal Capital app to anyone looking for a good financial management tool.
Getting Started: Sign up now to manage your moneyKakeibo
Kakeibo is a budgeting method that has been gaining popularity in recent years. This budgeting method is based on the Japanese tradition of being mindful of saving money by tracking your spending.
The kakeibo method is simple. Every month, you set aside some time to review your spending from the previous month. You track where you spent your money, and you categorize your spending into different areas.
The goal of kakeibo is to help you become more mindful of your spending so that you can save money. This budgeting method can be helpful for people who tend to overspend or who have trouble sticking to a budget.
Why Should I Pay For a Budgeting App?
Everyone has their own preferences when it comes to budgeting, including the desire to pay for a subscription-based budgeting tool. Both free and paid budgeting tools have advantages and disadvantages to consider.
While it may seem ironic to pay money to better your finances, a subscription app may be worthwhile if you make long-term adjustments.
The monthly or annual price may pay for itself in some situations, but this is not true for all subscription-based budgeting programs. The monthly or annual price may be worthwhile if you enjoy using the app and are driven to keep using it. After all, the finest budgeting method is one that you can maintain over time.
A free 30-day trial is the most straightforward approach to determine whether an app is worthwhile.
What Are The Features I Should Look For In a Budgeting App?
- The ability to link your bank accounts is available in most budgeting programs. Or, you can manually enter information about your income and consumer expenditure into the program.
- Many apps can track your spending and categorize your expenses, allowing you to observe patterns over time.
- These features may make it easier to understand and make smarter financial decisions.
- Some apps go even further with
- automated savings
- money-saving tips
- bill alerts
- credit score access
- and investing options.
- If the app includes a savings component, be sure the account is FDIC insured.
- Consider the account’s annual percentage yield (APY) and how it compares to high-interest online savings accounts with free budgeting tools.
- Depending on how much money you’re saving, switching to an online, tech-focused bank with a higher APY can be a better option.
Are Budget Apps Safe?
Obviously, nothing is certain, but budgeting programs are generally seen to be relatively safe from cybercriminals. What you have to weigh out is
Which is more dangerous? – The seecurity of using a budgeting app? Or the consequences of NOT using a budget app?
– Michael Ryan
With that said – here are some steps you can take to minimize your risk of usina budget or finance app.
Safety Tips for Budget Tracking Apps: When using budget tracking apps, it’s critical to observe several safety precautions:
- Stick with well-known brands.
- Check to see if your app is up to date.
- Create a unique password. At all times, use a unique password or passcode to safeguard yourself.
- When utilizing public Wi-Fi, avoid using budget tracking apps.
- If you are very concerned about privacy, consider investing in a virtual private network VPN.
- Be aware of con artists.
Poll of Your Favorite Budgeting Apps
Take a minute and give your input as what are the best budgeting apps. Feel free to take the poll, and to comment below
If you are interested in a more specific criteria for choosing the best budgeting app for you – I have broken them down by categories as well.
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Note: The content provided in this article is for informational purposes only and should not be considered as financial or legal advice. Consult with a professional advisor or accountant for personalized guidance.
