If you feel that you need help keeping a tab on where your money is going or have long been struggling to keep your finances in check, you need help. So, what should you do that helps you overcome the problem without digging a hole in your pocket? Download a budgeting application on your phone. If you browse through the app store or a Play Store, you can find a myriad of budgeting applications, and each of these applications is fighting in features to boast of its prominence over the other.
Even though there is an array of budgeting applications available, each of them has something unique on offer. While one of them is perfect for helping you with your budget and funds, others may send you bill reminders. Wherein one enables you to assign every dollar you earn or own for a comprehensive money management system; others may alarm you anytime you overspend. So, it is pretty apparent that there are a plethora of money management applications. Of these money management applications, how do you pick the application that best caters to your needs? To give you some relief and make an informed choice from the overwhelming variety of options, we have done our research-work and prepared a list of some of the best money management and budgeting applications. Let us get started and take a look at them one by one.
It is a free budgeting application, which integrates your savings and credit accounts, and detects all the recurring income and bills. A thorough analysis gives you a listing of the amount you have available for everyday spending. This amount is arrived at by subtracting the total savings you intend to set aside, payments for the bills from your total income. Mathew, who offers SQL courses online, says that even though PocketGuard categorizes the expenses, I prefer to create custom categories for my expenses and set a limit on them. In the application, you can export the transactions to work with this data in your excel sheets.
Do you know what the biggest problem with finance and budget apps are? A lot of people are of the view that they do not have adequate money to bother about this application. If truth be told, these are the people who need these applications the most. In Acorns, this problem is addressed, and the focus is on the money that you have. It enables you to convert your pocket change into a smart investment and savings option. Steve, an online Matlab tutor, says that Acorns is a great application; it will enable you to make the most of the money that you may otherwise be overlooking. Of course, it will not make you rich overnight, but it will help you save and invest your money better. It is one of the very few budgeting applications that values the money that you have, regardless of how much it may be.
For me, if there is one perfect budgeting application, then it has to be YNAB, comments Patrick, an associate who offers online do my java homework services. YNAB, also known as You Need a Budget, is a prevalent budgeting and money management application, thanks to its reputation and philosophy. YNAB claims that using this application; many new budgeters will be able to save approximately 600 USD in only the first two months of usage and over 6000 USD in just a year of its use. YNAB is one of the costliest alternatives that we have on our list, to be honest with you. But it comes with a. 34-day free trial and a 100% no-risk money-back guarantee. It will cost you 84 USD per year, but you can take our word for it; it will be worth every buck that you spend.
Developed by Intuit, Mint lets you consolidate all your cards and accounts into one place by inter-linking everything onto the application. So, using it, you will be able to keep a tab on your spending, create a budget, set bill reminders, and get useful tips to reduce the fees and enable you to save some money. One likable thing about the Mint application is that it auto-categorizes the credit card and banking transactions, comments John, who works with RazorHood. It also has a Trends feature, which enables you to track the cash, credit card, spending, net worth over time, and your income, along with the ability to keep up with your financial goals.
In all honesty, Wally is not the most effortless budgeting application out there. Compared to the other applications on the list, this one does have a learning curve. However, the good thing is it works very well for budgeting, and with only a day’s practice, you will get the hang of the application. You can use this application to keep a tab on your income and expenses while simultaneously maintaining a check on your budget to avoid any chance of overspending.
It is prevalent amongst millennials. This is free to use application and is available for both Android and iPhone users. An incredible benefit of the Wally application is that it offers in-built support for almost all foreign currencies. This makes it a good pick for people who live outside of the US.
It is more than money management or a budgeting application. It is your online bank account, which works as the perfect replacement to the old checking account and has a bundle of useful budgeting features. When the bank and the budget are in the same application, it is a lot simpler for you to keep everything in control as you have only one place to visit for all the matters related to money. With Simple, you can track your spending and income automatically, and there is also a goal feature, which will continuously motivate you to save more. Further, its Safe-to-Spend® feature will always ensure that your budgeting is on track.
It is more like an Easy Envelope Budget Aid that works on the envelope budgeting method. Of course, it works on virtual envelopes as opposed to physical ones. Using the application, you can keep a tab on your bank balance as well as the envelope balance. It also allows for easy expense tracking.
You can sync everything saved in the application across different devices and platforms. Using the application, you can also share your budget with your friend, family member, or partner. There is also a feature to download your transactions in an Excel sheet.
So, these are the top budgeting applications available out there. Depending on your financial goal, you can download the application, which best caters to your needs.
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