Maintaining a regular record of your income and expenditure is crucial to living a financially prudent life. The concept of budgeting is one of the oldest principles in finance and is a key part of financial management. Having a budget will help you track your spending and allow you to save for unforeseen expenses.
With today’s technology, you can now securely create your budget, track your spending, and save yourself from unplanned expenditures, all with an app. Here are the five best budgeting apps for 2023.
- You Need A Budget (YNAB)
- Personal Capital
Mint helps you manage your finances like a personal buddy. You can track your expenses, monthly budgets, transactions, account balances, subscriptions, and taxes with it. It calculates your net worth, analyzes spending trends, and helps you plan your budget. You can download the app for free from the Google Play Store and Apple App Store.
2. You Need A Budget (YNAB)
YNAB operates a zero-based budgeting system, such that you allocate all the funds you have to expenses, bills, savings, taxes, debts or miscellaneous until you have no more money to allocate. It is available on Google Play Store and the iOS App Store, it offers a 34-day free trial before charging $84 per year or $11.99 per month.
The PocketGuard app is known to be for those who overspend. Using this app, you can easily track your income and expenses, and you’ll always know how much you have left to spend. It is available on the Google Play Store and iOS App Store for free, but the pro version costs $34.99 per year. In our best apps for budgeting rankings, the app ranks third.
4. Personal Capital
This app is primarily for investors. Spending and wealth are tracked through bank accounts and other financial accounts. You can download the app on the Google Play Store and the iOS App Store for free, but you can add investment management for 0.89% of your money (for accounts under $1 million).
In a marriage, budgeting plays a very important role. By using the Honeydue app, couples can keep track of their bills, bank balances, and spending together. You can download the app for free on both the Google Play Store and the iOS App Store. This is one of the best budgeting apps.
In order to track your income and expenditures regularly, you may want to try one of these free apps if you don’t want to go through traditional methods. These budgeting apps have very good reviews online.