The Best Budgeting and Personal Finance Apps to Make Managing Your Finances Easy!
Updated: Oct 4, 2020
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If you’re anything like me, you use your phone for pretty much everything. So why not use it to tackle your personal finances? I put together a list of some of the best budgeting and money management apps out there. You’ll seriously be shocked at how much easier they make managing your personal finances.
Keeping up with your finances can make it feel like your head is spinning. Even if you’re awesome at budgeting, it can still be hard to have a handle on everything with all of the money going in and out. So how are you supposed to keep everything straight?! Say goodbye to the paper and pen system of the past and embrace everything technology has to offer.
These money management apps are some of the best in the business. They are easily shareable so if you’re working with your spouse you are continually on the same page. Using them you’ll never feel overwhelmed keeping up with your finances again! I promise they are absurdly easy to use and will have you managing your finances like a boss!
THE BEST APPS TO TRACK YOUR BUDGET
Looking for a good budgeting app might feel like looking for a needle in a haystack. There are so many different apps out there that it’s hard to know where to start. The three below are worth their weight in gold and will have your budget in tip top shape. The leg work is done for you; now get budgeting!
EveryDollar is a great budgeting app that I strongly suggest you to consider. EveryDollar is where I started my budgeting journey and I still love the simplicity of it. It makes creating a budget super easy for someone who is new to budgeting. You’re able to add your monthly income, plan your expenses, and track your spending throughout the month. There’s a free version for you to use (which is what I used for quite some time). The only downfall to the free app is that it doesn’t allow you to automatically link your accounts and import expenses. Importing expenses and linking accounts is in the paid version of the app, but no matter which version you choose; budgeting is about to get a whole lot easier!
YNAB, short for You Need A Budget, is one of the most popular money management apps out there and my go to budgeting tool. The idea behind YNAB is to give every single penny you own a purpose…EVERY SINGLE ONE.
When using YNAB you follow four simple rules that when working together, allow you to conquer budgeting.
· Give every dollar a job
· Accept your true expenses (like how much you actually spend on groceries)
· Adapt your budget to deal with obstacles
· Age your money
YNAB really gets everything whipped into shape. For me, the only drawback is that YNAB isn’t free, but they have a great referral program that earns you free months of service.
Another awesome feature of YNAB is that it is FREE for college students. Click here to learn more.
They do offer a free 34 day trial and if you’re serious about budgeting you’ll be hooked.
For me the benefits of YNAB far outweigh the cost. I’m able to link my accounts and have all my transactions automatically import and categorize themselves. I can check it once a day and be worry free.
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MINT BUDGET APP
Mint is a budgeting app that allows you to easily manage all of your finances in one place. You can see all of your bills, account balances, and your credit score within the app. The best part, Mint is FREE. Mint also helps you create a budget based off of your spending. Another really awesome feature of Mint are the reminders. If you’re someone who struggles to remember payment due dates, Mint will remind you. You’ll also get a warning if your funds are running low in an account, which keeps you from getting the dreaded overdraft fees. How awesome is that?!?
BUDGET APPS WITH ONLINE ENVELOPE SYSTEMS
There are so many people who LOVE the simple paper and envelope budgeting system. Myself, I am not one of them. For some reason, I struggled with budgeting this way. I would rather just see everything cleanly organized in an app or excel file. HOWEVER, these budget apps with incorporated envelope systems are awesome for those of you who love the envelope system. These apps are the best mix of something techy with the envelope system you love and some accountability to keep your spending in check.
Goodbudget is one of the most popular apps that combines budgeting and an envelope system in one convenient place. There are free and paid versions to choose from depending on your need for additional envelopes, accounts, and history. If you love the envelope system and haven’t looked into Goodbudget, DO IT!
Mvelopes is another easy budget app to help you keep up with your envelopes. Many of the features you saw with Goodbudget are similar in this app. Mvelopes offers auto transaction syncing, so you can see your budget in real time. One drawback is that Mvelopes has a 30 day free trial, after that you have to pay to use it.
There are literally tons of money management apps out there that are super helpful with your budgeting needs. The ones I shared today are ones I love, have used, and know are helpful tools on your financial journey. Try them out and let me know what you think.