Budgeting apps can help you keep track of your personal finances on the go, allowing you to see what you’re earning, spending, and what you might need to change. They usually have a set of basic and possibly unique features to help you stay on track.
Budgeting apps, if used effectively, can be a valuable asset helping you to allocate money for savings and helps in setting money aside to pay back loans. It is the easiest shortcut provided that you are honest in inputting the figures, diligent in keeping a record of everything and using the app in the most effective manner.
Since there are so many money management, personal finance, and budgeting apps out there, it’s helpful to know which ones are built with the most users in mind while also providing exclusive tools for those with special needs. We’ve already done the legwork for you by compiling a list of some of the best budgeting apps available globally.
Here is our suggestions for the top 5 Personal Budgeting apps of 2021. The list is not exhaustive or authoritative as it is based on the reviews and feedback of the consumers. And the ranking is a reflection of our experience and opinion, combined with customer reviews and feedback.
1. Mint
Mint is the best free budgeting app, available both in Google Play Store and App Store. Mint provides a variety of tools to help you track and manage your money from a wide range of banks, credit card issuers etc. Mint categorises transactions from linked credit and debit cards and tracks them against a budget that you can tweak and customise to your needs. Mint also offers bill payment reminders, personalised alerts when you go over budget.
2. You Need A Budget (YNAB)
YNAB is a paid app with a 34 day free trial and a special offer of 12 months free trial for students. The special feature of this app is “zero-based budgeting system” where every penny is assigned a “job,” whether it’s to go toward bills, savings, investments, leaving no amount unaccounted for. It also provides budget advice and weekly workshops.
3. PocketGuard
PocketGuard is ideal for over-spenders, as it provides a control over the spending by keeping track of the expenses and helps lower the spending. It tracks how much you’re earning, follows what you’re spending on recurring bills and everyday expenses, and tracks deposits into your savings account throughout a period. This budgeting app even has a feature to help you track each individual bill and find opportunities to save.
4. Personal Capital
This app is ideal for investors. The dashboard of the app helps in money-tracking. It also includes a net-worth tracker. It provides a breakdown of your investment portfolio. Personal Capital also offers free investing tools, such as a retirement planner, education planner etc.
5. Honeydue
This free app is best suited for couples. In Honeydue, couples can see each other’s bank accounts, credit cards, loans, and investments (and each partner can choose what to share with the other), allowing them to manage money together and see everything at a glance. It even has a chat feature to interact with the partner.
Some other honourable mentions are apps like Wally, Mvelope, Goodbudget and Acorn We would urge you to try out different options and select the one that best suites you. In this era of Digital Transformation using futuristic tools will always keep you abreast of time. All the best for your Budgeting journey.