Budgeting is controlling the flow of your money. Here are the best free budget apps that’ll help you easily control, direct and save your hard-earned money.
Why You Need an App
Everyone wants to save more money, earn more, invest more, spend more and live more. Yet, most of the time it feels like we have no control.
It’s time to take back control. It’s time for a budgeting tool.
It’s easy to set budgets but managing and sticking to it is the hard part, right? In today’s world and all of the technology we have, it’s now so easy for you to budget well.
There are incredible apps that will help you regardless of whether your needs are simple or complex.
Whether you need something to let you know when your account is running low or something that manages all of your investments and pays your bills for you.
Budgeting is about intentionally directing your money – giving you control.
How to Choose a Budgeting App
There are countless apps that are made to help you with your budget. However, not all of them are worth your time to figure out learning.
This list will make your search easier. Use it to find the best free budget apps for your needs and to achieve your personal finance goals.
Best Free Budget Apps for Your Needs
Here is the list to help you find the best free budgeting app. Let’s take back control over your finances and that starts with budgeting tools.
Summary of the 5 Best Budgeting Apps
- You Need a Budget (YNAB)
1. Mint: For Managing Money
If you’ve looked for a budgeting app before, you have probably come across Mint. Mint has been one of the top budgeting apps for a few years now and that has to do with the simplicity of this app.
Mint allows users to link credit/debit cards, automatically tracks transactions and categorizes it based on your personal categories.
It also shows real-time credit scores and offers different ways, such as credit card offers, to help users save money.
One of the best features that make this one of the best free budgeting apps is that you just log in once.
Instead of having to log into multiple sites to check your accounts. With Mint, you can sync multiple accounts in one place – how convenient!
2. Wally: For Tracking Expenses
If you are looking to track transactions or simply budget, this is the app for you. Wally helps you track your income, expenses and shows how much money you have left in your budget to help you avoid overspending.
A special feature is that you can take pictures of your receipts so that you don’t have to manually log everything, saving you quite some time.
Another reason this is considered a best free budgeting app is that it offers support for almost all currencies around the world, which allows it to be used outside of the United States.
3. YNAB (You Need a Budget): Get Out of Debt
You Need a Budget will make sure your budget works well. You don’t have the option to inflate your funds or income with this one. Here, you will have to live within your means by living on your income from the month before.
This one isn’t completely free, you can pay monthly or annually. However, you get just over a month for free. It is an app to try out and users swear by it. Not necessarily the best free budgeting app but it’s one of the best budgeting apps in general.
4. Mvelopes: Simple Cash Envelopes
Cash envelopes are a very popular way of budgeting. Instead of using physical cash and physical envelopes, there is an app called Mvelopes. This app resembles the cash envelope’s budgeting style.
You put a certain amount of cash in envelopes which represent a category. When a category is empty, you have used up your funds in your budget for the month.
This app is very simple, easy and effective which led to it being one of the best free budget apps.
5. PocketGuard: Simple Budgeting & Spending
PocketGuard is a great app that focuses on managing your expenses. Users can track how much money they have left for the day, week or month.
This app is great at tracking your income, savings, and bills throughout the month. It also helps you find ways to potentially save on your regular bills and expenses. Such as phone bills, cable, internet, etc.
I Don’t Have a Smartphone
If you don’t have a smartphone, pull out a pen and paper. There’s nothing wrong with that and the point is to do it. If it gets the job done, do it.
Don’t let this list intimidate you or put you down for not having access to these apps. Be a problem-solver and get it done.
Additional Money Resources
Want to learn more about saving money, or simply ways to make more? Here are a few additional resources:
Featured photo by David Em/Next Level Gents