Managing your work and money affairs isn’t always the easiest thing to do. Budgeting apps help to connect you with your financial accounts, track your spending, and categorise expenses for you to have a clear picture of where your money is going. However, many apps do more than just that. Their features include email reminders, bill due dates, tracking subscriptions, and even shared wallet features. All of these apps can be found on iOS and Android, so you can manage your finances on any one of them, regardless of which smartphone you have.
The Best Personal Finance Budgeting Apps
1. 22Seven
This free budgeting app was developed by Old Mutual, and helps people to track their spending across each of their accounts. You can create a personal or business profile on the app. The app is useful for anyone who wants to manage their finances, not only clients of Old Mutual. With this app you can link bank accounts, credit and store cards, investments and loans.
The app also creates a budget based on your monthly spending, so you’ll know how much you’ve spent and how much is left to spend. It can be used to invest your money and allows you to set and achieve financial goals. The app also provides you with hints and observations about your money so you can have a view of things you didn’t know or had not considered before.
Here, you can view and download the 22Seven app on the Google Play Store for yourself.
2. YNAB
This app is useful if you have debts to pay off. It’s helpful reporting and budget tools will help you with this. This is another one of the highest-rated apps on Google Play. The app is designed so that you can plan your finances, instead of just tracking them. It follows a zero-based budgeting system, which means you can make a plan for every cent earned.
As soon as you get paid, YNAB will tell you how much of your pay should go to various categories, including expenses, goals and savings. This is supposed to allow you to become more intentional with your money when you are spending it. This app is rather hands-on; it offers educational resources telling you how to budget and how to use the app. It lets you connect your check and savings accounts too, as well as credit cards and loans. The app can be used on smartphones, desktops, laptops, iPad, Apple Watches, and even Alexa.
The only downside to this app is that it isn’t completely free to use, you will have to pay per month or per year. However, it does give you a free 34-day trial. For tertiary education students, it can be used free of charge for a year. Check out the free version of the YNAB app here.
3. Wallet: Budget Planner Tracker
Wallet is another free personal finance app that acts like a personal finance manager by helping you get all of your personal finances under control. The app also provides you with continuous insights into your financial situation and personal expenses. One of the best things about this app is the automatic bank updates – by synching with your bank accounts and tracking money spent, it categorises your budget. You also have the choice to manually import your transactions from your own bank account. Another useful feature is that certain accounts can be shared with a partner or family members who also need some insight to your budget. You can share from any platform, including Android, iPhone and the Web. You can also get rid of your extra loyalty and rewards cards by uploading all of your plastic store cards and loyalty cards to the app too.
Try out the Wallet: Budget Planner Tracker app here on Google Play.
4. Spending Tracker
The Spending Tracker App is available on the Apple App Store, Google Play, Amazon App Store, and the Windows Store. It is incredibly user friendly with a simple and intuitive user interface. You can choose to track spending daily, weekly, monthly or yearly. You can set a fixed budget amount to help you stay on track of spending, and carry over the remaining amounts to the next week or month. This app will also provide you with an overview of your expenses and income so you are able to see your main areas of spending.
You can also create separate personal, business and saving accounts on the app. And, you will also be able to export your expenses report to a spreadsheet or PDF, for viewing and printing your daily, weekly or monthly expenses.Download the Spending Tracker app on Google Play today.
5. GoodBudget
GoodBudget is a useful money managing app and expense tracker for budget planning. You can sync the app across multiple devices and the web, so you and your partner can stay up to date with finances. It uses the envelope system to divide your personal income into different categories, so that you can allocate a specific amount of money for each envelope. You can easily transfer funds between different envelopes and accounts. This app helps to make conscious decisions when it comes to purchases as you will have to remove money from an envelope before spending it. It helps you keep track of your spending and plan your budget ahead of time, so you can use the envelope budgeting to plan your spending, not just keep track of it.
Download the Goodbudget app from the Google Play Store today to start managing your personal finances.
Conclusion
When looking for a budgeting app, you will want to look for apps that allow you to connect many financial accounts, plan for future financial decisions, see your expenses categorised, or create custom categories. Budget apps that can also track your bills and allow you to share financial information with your partner will be handy too. When choosing a budgeting app, you may want to choose one with additional features, such as showing your credit score, net worth, and investments. We hope one of the apps listed here will help you keep on track with your finances. While you’re staying up to date with your finances, we’ve got your home and outdoor area with our trusted cleaning services and gardening services.
