Need That Money

Budgeting Apps: The Ultimate Guide to Managing Your Finances

/Budgeting App Overview

Budgeting has always been an essential part of financial planning, especially in uncertain times when the economy is unpredictable. It is a vital process that helps individuals, families, and businesses plan and manage their finances.

However, manually creating a budget and tracking expenses can be time-consuming and tedious. Fortunately, budgeting apps have made the process much more manageable.

Various budgeting apps are available to choose from, each with different features and options that cater to specific needs. To help you choose the best budgeting app for your needs, we’ve put together a list of some of the best apps available today.

We’ll explore their pros and cons, features, and pricing options.

Best Budgeting Apps for Different Needs

GOBankingRates recently reviewed and ranked different budgeting apps based on features, pricing, and ease of use. Here’s our list of the top budgeting apps available:

1.

Empower

2.

Mint

3.

Honeydue

4.

Goodbudget

5.

Fudget

6.

PocketGuard

7.

Rocket Money

8.

EveryDollar

Best Free Budgeting Apps

When looking for a budgeting app, one of the first things that users consider is the pricing model. Luckily, some apps have robust free versions that allow users to create a budget and track expenses without any cost.

Here are our top picks for the best free budgeting apps:

Empower

Empower is a budgeting app that seamlessly integrates all of your bank accounts, credit cards, and investment accounts into one app. It has a clean, user-friendly design that makes it easy to track your spending and savings.

Empower’s free version offers budgeting tools, spending analytics, and a high-yield checking account that earns interest on your deposits. One of

Empower’s unique features is the ability to save towards specific goals automatically. You can set up multiple savings goals and allocate a specific amount of your income to each one.

Overall,

Empower is an excellent choice for those who want an all-in-one app that simplifies the budgeting process.

Mint

Mint has been one of the most popular budgeting apps available for years. It offers a wide range of features, including budget tracking, bill reminders, and investment monitoring.

With

Mint’s free version, you can link your bank accounts, credit cards, and other financial accounts to track your expenses and create a budget. It automatically categorizes your transactions and provides insights into your spending habits.

Mint also offers free credit score tracking, personalized financial advice, and bill reminders to help you avoid late fees.

Honeydue

Honeydue is a unique budgeting app that focuses on couples’ finances. It allows couples to link their bank accounts and credit cards to track their spending and create a budget together.

Honeydue’s free version provides basic budgeting tools, such as tracking your spending, setting up bill reminders, and creating a joint budget. One of

Honeydue’s standout features is the ability to send messages to your partner through the app. This feature makes it easy to communicate about your finances and stay on the same page.

While the free version of

Honeydue offers basic budgeting tools, there are paid upgrades that offer additional features such as bill management, custom categories, and more.

Conclusion

Effective budgeting is crucial when managing your finances, and luckily, budgeting apps have made the process much more straightforward. With the wealth of options available, it’s essential to find an app that suits your needs and goals.

Whether you’re looking for an all-in-one solution like

Empower or tracking your expenses and creating a budget with

Mint, budgeting apps can help you manage your finances more effectively.

Best Free Budgeting Apps With Paid Upgrades

Budgeting apps offer users an easy and effective way to manage their finances. With a budgeting app, users can track their expenses, create a budget, and set financial goals.

While many apps offer free versions with basic features, some offer paid upgrades that unlock additional features and functionalities. Here are our top picks for the best free budgeting apps with paid upgrades:

Goodbudget

Goodbudget is a budgeting app that operates on the envelope budgeting system. With this system, users allocate money to different categories in envelopes, and once the money is spent, that category is empty until the next month.

Goodbudget’s free version offers envelopes for up to 10 different categories, while the Plus version offers unlimited envelopes. The Plus version also provides users with the ability to sync their accounts across multiple devices, making it easier to manage their budget on the go.

Goodbudget’s paid version costs $7 per month or $60 per year, making it an affordable upgrade for those who need additional features.

Fudget

Fudget is a clean and straightforward budgeting app that allows users to create a budget, track expenses, and save money. With

Fudget’s free version, users can create budgets for multiple categories and add expenses manually. Upgrading to the paid version unlocks the ability to set up recurring expenses, import bank transactions, and export budgets to a spreadsheet.

Fudget’s paid version costs $1.99 per month or $14.99 per year, making it one of the most affordable budgeting apps available.

PocketGuard

PocketGuard is another popular budgeting app that offers a free version with basic features and a paid version with additional features. With the free version, users can track their expenses, create a budget, and even reduce their bills with the app’s Bill Negotiation feature.

PocketGuard’s paid version unlocks the ability to track investments and retirement accounts, customize budget categories, and set up automatic transfers between accounts.

PocketGuard’s paid version costs $3.99 per month or $34.99 per year, making it a worthwhile investment for those who need additional budgeting features.

Rocket Money

Rocket Money is a comprehensive budgeting app that tracks income, bills, and expenses. It allows users to set financial goals, track spending, and create custom budgets.

With

Rocket Money’s free version, users can track their expenses, view their spending habits, and set up custom budgets. The paid version unlocks additional features such as bill reminders, savings goals, and the ability to sync accounts across multiple devices.

Rocket Money’s paid version costs $3.99 per month or $29.99 per year, making it another affordable budgeting app. Best Budgeting Apps: Paid

While many budgeting apps offer basic features for free, some users may need more advanced features to manage their finances effectively.

Here are our top picks for the best paid budgeting apps:

EveryDollar

EveryDollar is a budgeting app that uses a zero-based budgeting system, meaning every dollar is assigned to a specific category.

EveryDollar’s paid version provides users with an all-in-one app that helps them track expenses, create budgets, and automate their savings. The app also provides users with access to financial coaches who can offer personalized advice.

EveryDollar’s paid version costs $129.99 per year, making it one of the pricier budgeting apps available. However, it offers a comprehensive set of features that can help users manage their finances more effectively.

Conclusion

With so many budgeting apps available, it’s essential to find one that suits your needs and goals. Whether you’re looking for a free app with basic features or a paid app with advanced functionalities, there’s an option for everyone.

With the right budgeting app, managing your finances can be much more straightforward and stress-free. 5) Best Streamlined Zero-Based Budgeting App:

EveryDollar

EveryDollar is a popular budgeting app that uses a zero-based budgeting system, which means every dollar you earn is assigned to a specific category.

EveryDollar is designed to help users create and manage a personalized budget, track their spending, and save money.

The app is known for its streamlined interface and ease of use, making it an excellent choice for those who want a simple and straightforward budgeting app. Here are some features of

EveryDollar:

Zero-Based Budgeting:

EveryDollar’s system ensures users allocate every dollar they earn to a specific budget category.

The app’s system allows users to see exactly where their money is going and how much they can allocate towards their financial goals. Customizability:

EveryDollar allows users to create and customize their budget based on their unique financial situation.

Users can create budget categories, allocate funds, and track their spending all in one place. Automated Transactions:

EveryDollar allows users to automate their bills and transactions, saving them time and effort.

Users can set up alerts for upcoming payments and track their transactions to ensure they stay within their budget. Financial Coaching:

EveryDollar offers users access to financial coaching, which can help beginners and those who need specialized guidance in managing their finances.

The app’s coaching services can help users create a more effective budget, develop an investment strategy, and manage debt.

EveryDollar was created by financial expert Dave Ramsey and is affiliated with his personal finance company. The app’s design and features reflect Ramsey’s philosophy of using a zero-based budgeting system to manage one’s finances effectively.

EveryDollar’s streamlined interface, automated transactions, and customizability make it an excellent choice for those who want to create and manage a simple and effective budget. 6) Best Detailed Zero-Based Budget App: You Need A Budget

You Need A Budget is a comprehensive budgeting app that helps users create and manage a zero-based budget.

The app is known for its detailed and customizable budgeting features, making it an excellent choice for those who want to keep track of every penny. Here are some features of You Need A Budget:

Detailed Budgeting: You Need A Budget allows users to create detailed budget categories and subcategories, so every dollar is accounted for.

The app’s system helps users track and manage expenses down to the last cent, ensuring they stay within their budget. Goal Tracking: You Need A Budget allows users to set and track their financial goals, such as saving for a down payment on a home or paying off debt.

The app’s system helps users create actionable steps to achieve their goals and track their progress along the way. Transaction Importing: You Need A Budget allows users to import transactions directly from their bank account, making it easy to track expenses and keep their budget up to date.

Mobile App: You Need A Budget has a mobile app that allows users to manage their budget on the go. The app syncs with the web-based version, so users can access their budget from anywhere.

You Need A Budget’s detailed and customizable budgeting features make it an excellent choice for those who want a comprehensive budgeting app. While it may take some time to set up and learn all of the app’s features, it offers a comprehensive set of tools to help users manage their finances effectively.

Conclusion

When it comes to zero-based budgeting apps, there are different options available depending on your needs.

EveryDollar offers a streamlined and user-friendly interface, making it a great choice for those who want a simple and straightforward budgeting app.

You Need A Budget, on the other hand, offers a more detailed and comprehensive approach to zero-based budgeting, making it an excellent choice for those who want to track every penny. Whether you choose

EveryDollar or You Need A Budget, both apps offer effective tools to help you manage your finances more effectively.

7) Best Budget App for Visualization: Monarch

Monarch is a budgeting app that focuses on visualization, making it easier for users to understand their spending habits and manage their money effectively. The app offers a wide range of features that help users track expenses, create budgets, and set financial goals.

Here are some features of Monarch:

Overview Tab: Monarch’s overview tab provides users with a clear view of their spending habits and budget. The tab shows a breakdown of where their money is going, how much they have spent, and how much money they have left to spend in their budget.

Visualizations: Monarch offers a variety of visualization tools, such as graphs and charts, to help users understand their spending habits. These visualizations help users identify areas where they may be overspending and adjust their budget accordingly.

Custom Budgets: Monarch allows users to create custom budgets based on their unique financial situations. Users can create budgets for different categories and subcategories, making it easier to track their spending accurately.

Automatic Categorization: Monarch automatically categorizes transactions, making it easier for users to track their spending accurately. The app can even learn how users categorize their expenses and adjust accordingly.

Monarch’s focus on visualization makes it an excellent choice for those who want to understand their spending habits better. The app’s visualizations and custom budgeting tools help users identify areas where they may need to adjust their spending and create effective budgets.

8) Free Budgeting Apps

When it comes to budgeting apps, there are many options available, including some that are completely free. Here are our top picks for the best free budgeting apps:

Empower

Empower is a budgeting app that allows users to link their bank accounts and credit cards to track their spending and create a personalized budget. With

Empower’s free version, users can track their expenses, create a budget, and save money automatically with

Empower’s high-yield checking account. The app even offers personalized savings recommendations to help users reach their financial goals.

Mint

Mint is one of the most popular free budgeting apps available. The app allows users to link their bank accounts, credit cards, and investment accounts to track their expenses and create a personalized budget.

Mint’s free version offers features such as bill reminders, free credit score tracking, and personalized financial advice.

Honeydue

Honeydue is a budgeting app designed for couples. It allows couples to link their bank accounts and credit cards to track their expenses and create a personalized budget together.

Honeydue’s free version offers basic budgeting tools such as tracking expenses, setting up bill reminders, and creating a joint budget. The app even offers a messaging feature for couples to communicate about their finances.

Conclusion

Managing your finances can be a challenging task, but budgeting apps can make the process much easier. Whether you choose a paid or free app, there is an option available to suit your needs.

Monarch’s focus on visualization can help users understand their spending habits better, while

Empower,

Mint, and

Honeydue offer free budgeting tools to help users manage their finances more effectively. With the right budgeting app, you can take control of your finances and achieve your financial goals.

9) Free Budgeting Apps With Paid Upgrades

While many budgeting apps offer free versions with basic features, some offer paid upgrades that unlock advanced functionalities. Here are our top picks for the best free budgeting apps with paid upgrades:

Goodbudget

Goodbudget is a budgeting app that operates on the envelope budgeting system, which means users allocate money to different categories in envelopes. With

Goodbudget’s free version, users can create envelopes for up to 10 different categories. The app offers a Plus version that unlocks unlimited envelopes, the ability to sync accounts across multiple devices, and more.

Goodbudget Plus costs $7 per month or $60 per year, making it an affordable upgrade for those who need additional features.

Fudget

Fudget is a simple budgeting app that allows users to create and track a budget easily.

Fudget’s free version offers basic budgeting tools, such as tracking expenses and creating custom budgets. The app’s Plus version unlocks advanced functionality such as the ability to set up recurring expenses, import bank transactions, and export budgets to a spreadsheet.

Fudget Plus costs $1.99 per month or $14.99 per year, making it one of the most affordable budgeting apps available.

PocketGuard

PocketGuard is a popular budgeting app that offers a free version with

Popular Posts