Almost everyone wants to budget how they spend their money. Some may go the traditional way of writing it down. This does not help as much as dedicated apps that assist you to monitor and save your money. We have highlighted the best budgeting apps (in no particular order) for you to choose from.

MINT

This seems to be the most popular app among budgeters.  It is effective for creating budgets, tracking bills as well as receiving free credit score. However, the budgeting feature is what adhere people to it. The app asks the user to link bank accounts, loans and credit cards to it, subsequently making use of the information gathered from these inputs to suggest budgets for the user based on spending pattern. By categorizing the user’s spending, Mint gives you an idea of how much you can save by cutting back spending in certain categories.

YNAB

An acronym for ‘You need A Budget’; this app is developed to assist the user on means to get out of debt. The user is able to connect all financial accounts in one place and get real-time access to it. Users are encouraged to set a budgeting goal such as an education expense or mortgage undertaking. The user then proceeds to fund the goal. To avoid overspending, users are also encouraged to create categories for their spending and allocate a certain amount of money for each. The only downside is that it is not free.

EVERYDOLLAR

This budgeting app is designed to help users take charge of their monthly budgets. With Everydollar, you will find it quite easy to track your transactions, get a deep insight into recurrent expenses as well as plan for big one-off purchases. It is so easy to use, making you track where every dollar should go so that you will know just how much you have spent on a particular line of need.

POCKETGUARD

PocketGuard gives users what they really need; information on how much that should be spent. By crunching up the numbers, the app gives you an idea of how much is available after evaluating your spending patterns by tracking your income, bills and recurrent expenses. PocketGuard will also establish a spending limit for the user. this is done by categorizing transaction into what is called ‘Pockets’. It even offers a ‘Lower your Bill’ feature that provides information on bills you can pay less for without leaving the app environment.

GOODBUDGET

When it comes to household management, GoodBudget comes in handy. The app makes you input all your financial details in it. Every transaction you make; every income you receive; it then creates an ‘Envelope’ which are more like categories for you. However, you are limited to only 10 regular Envelopes on the free version.  With GoodBudget, you do not need to synchronize your bank accounts and credit cards. You only need to enter it manually. Furthermore, it allows you to synchronize your account with that of a family member so that everyone in the family can stay on track

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