Making a monthly budget and tracking your finances is key to making healthy financial choices and taking control of your financial wellbeing. If tracking purchases, sticking to a budget, and setting aside money for savings and spending are the things that overwhelm you, then you are not alone. The solution to your problem might be easy; Budgeting Apps!
Most budgeting apps link to your credit cards and bank account and can automatically track your purchases. Budgeting apps even categorize your spending into sections such as rent, food, and transportation. With easy budgeting options, automatic alerts, and real-time information at the touch of your fingertips, using a budgeting app will make sure you pay your bills on time and have money set aside for the things you love.
Here are some of the best budgeting apps available on the market to choose from:
Mint is a completely free budgeting app with high ratings in the Apple Store as well as the Google Play Store. It syncs with your bank account, whether checking or savings and links your credit card to track expenditure, funds, and bills. It has a quick onboarding process and slick budgeting features that are easily accessible. You have the option to track spending according to categories. The app will send you alerts when you cross your budgeting limit. It also offers educational tools such as a loan repayment calculator.
YNAB is a hugely popular app for serious budgeters due to its unique approach to budgeting. The app will help you plan ahead your budgeting needs rather than simply track past transactions. You Need A Budget links to your bank account and credit cards. Instead of relying on traditional budget categories, YNAB lets you build your own budget buckets based on your income. You can set aside money for bills, rent, and loans, as well as leisure activities such as dining out, partying, and, if you like having a go at the tables, online gaming too! So if you run out of the free spins UK operators initially offered, YNAB is the perfect app to keep your betting under control.
The app also offers educational resources, live workshops, and budgeting tips. Some of its security features include encrypted data, accredited data centres, and third-party audits. The app offers a free 34-day trial, after which you can opt for a monthly or yearly subscription.
If you have the habit of overspending regularly, PocketGuard is a budgeting app you need. The main goal of the app is to help users control overspending. The app syncs your bank accounts and credit cards to track expenses. The app’s ‘In My Pocket’ feature uses an in-built algorithm to budget expenses based on your income. The app is easy to use and will help you manage your expenses and even lower your spending. The basic version of the app is totally free, and you have the option to upgrade at a subscription price to PocketGuard Plus.
Personal Capital is a great budgeting and investments app that tracks your spending and your wealth. The app links to your bank account, credit cards as well as IRA loans, and mortgages. The app offers budgeting features for free and has a money-tracking dashboard and a net-worth tracker. Personal Capital also offers free investing tools such as an educational planner and a retirement planner. It has several saving tools designed to help build an emergency fund. The app has a strong user authentication protocol and data encryption for fraud protection. Using a budgeting app and setting up regular alerts will give you a better awareness of your own money. It will help you set clear financial goals and make sure you stick to them. Budgeting apps are a great tool to ensure you spend your money wisely and invest in the things that you actually need and enjoy.