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The 10 Best Budgeting Apps to Manage Your Money in 2024

The 10 Best Budgeting Apps to Manage Your Money in 2024

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Budgeting and tracking expenses are incredibly important in our everyday lives. They are like our trusty companions, guiding us towards financial stability and security. Creating a budget is like sitting down with a good friend who helps us plan our finances and ensures that we're making the most of our hard-earned money. It allows us to see where our money is going, prioritize our spending, and avoid falling into financial pitfalls.


In the digital age, we're fortunate to have budgeting apps that make this whole process a breeze. They're like our personal financial assistants, keeping an eye on our spending habits and organizing our expenses into neat categories. With just a few taps on our smartphones, we can access a snapshot of our financial health, making it easier to stay on top of our money matters. These apps provide valuable insights and reminders, like a supportive friend nudging us in the right direction when we need it most.


Imagine having someone by your side, encouraging you to save for that dream vacation or helping you cut back on unnecessary expenses. Budgeting apps do just that! They offer personalized advice and practical tips to help us achieve our financial goals. They're like the friend who celebrates our wins and gently nudges us to get back on track when we slip up. With budgeting apps, managing our finances becomes less daunting and more like having a supportive companion on our journey towards financial success.

Budgeting App

1. Mint

Mint is a veteran in the budgeting app space and remains a top choice for its comprehensive set of features. By linking your bank accounts, credit cards, and bills, Mint provides a real-time overview of your financial health. It automatically categorizes transactions, generates spending insights, and offers budgeting recommendations based on your spending patterns. Additionally, Mint sends customized alerts to keep you informed about due dates, low balances, and unusual transactions, promoting responsible financial management. Check out Mint HERE


Cost: Free

Apple store rating: 4.8

Google Play rating: 4.3


Mint Budgeting app

2. You Need a Budget (YNAB)

YNAB is more than just a budgeting app; it is a complete financial transformation tool. YNAB follows a proactive approach, guiding users to allocate every dollar of income to specific categories. This emphasis on zero-based budgeting helps users stay accountable and empowers them to break the paycheck-to-paycheck cycle. YNAB also offers financial education through video tutorials and guides, further enhancing users' money management skills. Check out YNAB HERE


Cost: Pay either $14.99 per month or $99 per year, although you can try it out in a free 34-day trial. College students can use YNAB for free for a year.

Apple store rating: 4.8

Google Play rating: 4.6


YNAB budgeting app

3. Empower (formerly known as Personal Capital)

For individuals seeking a holistic view of their finances, Empower is an excellent choice. Beyond budgeting, it provides a robust investment tracking platform, retirement planning tools, and a net worth calculator. Empower's portfolio analysis empowers users to optimize investments and allocate assets strategically. The app also offers tailored financial advice from certified financial planners, making it ideal for those focused on long-term wealth-building. Check out Empower HERE


Cost: Free

Apple store rating: 4.7

Google Play rating: 4.3



Empower budgeting app

4. PocketGuard

PocketGuard simplifies budgeting with its user-friendly interface and automatic account syncing. Upon linking your accounts, the app calculates your available spending based on income, bills, and savings goals. PocketGuard uses color-coded categories to display your spending habits, making it easy to identify areas where you can cut back. Its "In My Pocket" feature shows users how much they have left to spend after accounting for bills and savings. Check out PocketGuard HERE


Cost: Basic PocketGuard is free. PocketGuard Plus is $7.99 per month, $34.99 per year or $79.99 for a lifetime purchase.

Apple store rating: 4.7

Google Play rating: 4.4



Pocketguard budgeting app


5. Goodbudget

Goodbudget employs the tried-and-true envelope budgeting method in a digital format. The app divides your budget into virtual envelopes for different spending categories, mirroring the traditional cash envelope system. Users manually allocate funds into each envelope, providing a tangible representation of their available funds for various expenses. Goodbudget is an excellent choice for those who prefer a hands-on approach to budgeting and want to cultivate discipline in their spending. Check out Goodbudget HERE


Cost: Goodbudget is free. Goodbudget Plus is $8 per month or $70 per year.

Apple store rating: 4.7

Google Play rating: 4.3



Goodbudget budgeting app


6. Wally

Wally is a straightforward budgeting app designed to simplify expense tracking. Users can log expenses manually or scan receipts, and the app categorizes spending automatically. Wally's visual interface presents data in charts and graphs, enabling users to understand their spending habits at a glance. Additionally, Wally allows users to set savings goals and monitor their progress over time, motivating them to stay on track.




Wally budgeting app


7. EveryDollar

Created by personal finance guru Dave Ramsey, EveryDollar follows the principles of his popular budgeting method, "zero-based budgeting." The app encourages users to give every dollar a specific job, whether it's for savings, bills, or discretionary spending. Users can manually input transactions or sync accounts for automatic tracking. EveryDollar's seamless integration with Ramsey's financial philosophies makes it a favorite among his followers. Check out EveryDollar HERE


Cost: The basic version of EveryDollar is free. You can try the premium version for free for 14 days. After the trial, you can pay $79.99 a year or $12.99 a month.

Apple store rating: 4.8

Google Play rating: 3.5


EveryDollar budgeting app

8. Honeydue

Honeydue is a budgeting app tailored for couples, promoting transparent financial communication and collaboration. It allows partners to link their individual accounts and provides a joint dashboard for tracking shared expenses, budgets, and financial goals. The app's chat feature facilitates real-time communication about financial matters, reducing misunderstandings and promoting financial harmony within relationships. Check out Honeydue HERE


Cost: Free

Apple store rating: 4.5

Google Play rating: 3.7


Honeydue budgeting app

9. RocketMoney

Rocket Money is a cutting-edge budgeting app that automatically tracks your expenses, categorizes transactions, and sends real-time alerts for upcoming charges or low balances. It also ensures top-notch security with 256-bit encryption, safeguarding your personal data. Best of all, Rocket Money is free to use, with optional add-ons like bill negotiation available and using the negotiation service to cut down on your monthly expenses might cover the premium membership cost. Plus, if your mortgage is serviced by Rocket Mortgage, you gain free access to Rocket Money Premium. Check out Rocket Money HERE


Cost: Rocket Money is free. Rocket Money Premium options are between $3-$12/month.

Apple store rating: 4.4

Google Play rating: 4.3


Rocket Money budgeting app

10. Spendee

Spendee is a visually appealing budgeting app that makes budgeting engaging and interactive. With its intuitive interface, users can track expenses easily and view spending patterns in colorful charts. Spendee supports multiple currencies, making it suitable for travelers and international users. Additionally, the app offers shared wallets, enabling families or friends to manage shared expenses collaboratively. Check out Spendee HERE


Cost: Spendee is free. Premium options are at $14.99 and $22.99/annually.

Apple store rating: 4.6

Google Play rating: 4.3



Spendee budgeting app

Are you more old school? Do you prefer using simpler sheets to do your budget? Subscribe to our mailing list and get access to our Free Spreadsheet Budget where you can track your income and expenses easily without any hassle and control your money. Download it for free HERE


Embracing technology can significantly enhance your financial journey, and budgeting apps serve as invaluable tools in achieving financial freedom. Whether you prefer automated budgeting, hands-on tracking, or collaborative solutions, the ten best budgeting apps mentioned in this article cater to a diverse range of needs and preferences. Choose the app that aligns with your financial goals, and take the first step towards mastering your finances and securing a prosperous future. With these budgeting apps in your corner, you can confidently navigate the complexities of personal finance and make informed decisions that will shape your financial success for years to come.

With love and financial empowerment,

E

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