Money
5 Apps to Help You Stay on Top of Your Finances
If you're struggling to keep track of your spending, a budgeting app may be the solution for you. Read more on budgeting apps here...
If you're struggling to keep track of your spending, a budgeting app may be the solution for you. These apps link to your bank accounts and credit cards to automatically monitor your expenditure. To make things easier, we've compiled a list of 5 personal budgeting apps below.
People often break down their spending into more specific categories (energy bills, restaurants, groceries, and so on) to get a clear picture of where their money is going. If you prefer using a budgeting tool instead of inputting data manually into spreadsheets, these applications will make your life much easier. Here is our list:
Goodbudget
With Goodbudget, you can split your monthly income into specific spending categories using the envelope approach. The software allows multiple devices to access the same account, so couples and family members can share a budget.
Goodbudget doesn't require you to connect your bank accounts like most other programs. Instead, you manually enter account balances, cash amounts, and debts (which you may receive from your bank's website).
The free version of this app comes with one account, two devices, and a limited number of envelopes. For $7 a month or $60 annually, the Plus version gives you unlimited envelopes and accounts along with five devices and some other features.
You Need a Budget (YNAB)
YNAB is the most expensive option on this list; however, it does offer a free 34-day trial. On average, first-time budgeters save $600 in the first 2 months and more than $6,000 within the first year of use. This program provides users with a proactive approach to budgeting instead of monitoring past spending like other similar programs do. To begin using YNAB, you create your initial budget after enrolling, then dedicate each dollar towards specific goals; for example: paying rent or monthly car payments.The objective is to be at least one month ahead of schedule, so you can spend money that you earned last month. Despite the fact that it costs $84 per year and has sync issues, YNAB wins a position on our list because of its34-day trial period and great customer support.
Money Dashboard
Money Dashboard is similar to Ema Pro, but it won't cost you a dime. You can customize your spending categories (i.e., if you want all expenses related to Christmas gifts in one place) and add accounts manually. Also, Money Dashboard will show you a graph of what your monthly budget looks like as well as what your balance is expected to be at the end of the month; this makes it ideal for users who have multiple accounts with different providers.
If you have complex financial needs, this budgeting application is comprehensive and offers detailed spending reports. automatic categorization of expenses could be improved. The PC version is available, but it takes quite some time to set up..
Mint
Mint is a free app that integrates all of your financial accounts in one place, making it easy to keep track of your finances. Mint uses the most up-to-date security technologies, such as strong encryption and multi-factor authentication, to protect user information. By adding a four-digit security code to their mobile device, Mint user's can safeguard their account. Not only does Mint give users cost-free access to their credit score, but it also provides tools that monitor the credit score. You may check your TransUnion VantageScore as frequently as needed because of their collaboration with Transunion, with no negative influence on your credit .
Your credit score contains a summary of your credit history, as well calculated explanations of how , in addition to recommendations on how you can improve your score. This incredible app offers cost-free also from transunion .
Trim
Would you like to join Trim, a service that helps you save money on your bills? It's free to sign up, and if you agree to use our bill negotiation feature we take 33% of what we save you in a year as our fee. That way you can either reinvest those savings into your other expenses, or put them away into savings or investments.
Trim Premium's annual fee is only $99, and it comes with great services like medical bill negotiating, credit card rate negotiation, and unlimited email contact to a financial counselor. Plus, Bill Negotiation is included in the Trim Premium membership- so you save an extra 33 percent!
In short, budgeting your money can be tough, but it pays off in the end. These 5 apps for personal budgeting make it easier than ever before. Watch your revenue increase without putting in any additional work!
