There’s no way you can practice personal finance management without dealing with budgeting. Budgeting is the heart and soul of personal finance; without it, it’s almost impossible to manage money efficiently. A budget helps you control, keep track and organize finances appropriately. People who are good with their finances have one thing in common — prioritizing their budgets.
While budgeting is essential for financial management, it often seems challenging to draw them out by oneself. That’s why budgeting apps are recommended for a better personal finance experience. The apps help you figure out your money goals and how to work towards them.
Look at this scenario; you’re interested in Ethereum investment but can’t afford to invest due to the Ethereum price. A budgeting app tracks your money, cuts unnecessary expenses, and helps you set extra money aside for crypto investment. The truth about budgeting apps is they make staying in control of your money easy and possible. Given that, we’ve highlighted the best budgeting apps that make personal finances management easier.
5 Best Budgeting Apps For Personal Finances In 2022
There are so many budgeting apps for managing money. But, not all of them are tailored to provide users with the utmost satisfaction. For apps to help you better manage your finances, below are some of the best budgeting apps.
1. You Need A Budget (YNAB)
The “You Need A Budget” app stands out among all the budgeting apps. The app is designed to make budgeting as straightforward as possible for users. Once you sign up, there’s already an introductory course on budgeting and how the app works. The basics are taught through videos, live workshops, and reading their guide.
Later, you move over to syncing bank cards or manually making each transaction. After that, you either start assigning money into various set-up sinking funds, or it’s automated. YNAB notes that security and data privacy are its priority; they ensure this through password security, 2-factor authentication, and other bank-level data encryption. The app’s goal is to help you get ahead of your expenses and save what’s left.
However, this app is a paid app. You’ll be required to pay $98.99 per annum or $14.99 monthly. The payment comes after the 34-day free trial.
2. Simplifi By Quicken
Simplifi by Quicken is another budgeting app that does great budgeting work. Many love using it because it is efficient in monitoring cash flow. Unlike some budgeting apps, Simplifi goes through your paycheck to determine how much you can spend per month. It’s possible due to the app’s custom watchlist, which helps you monitor your money, ensuring you’re not spending over.
Apart from this, the app also has a blog that educates you on several budgeting tips. The app values security and privacy, as its parent company, Quicken, has managed financial information since 1984. Like every good budgeting app, there’s a token to use Simplifi. After the 30-day free trial, users pay $47.99 yearly or $5.99 monthly to access the app.
3. PocketGuard
PocketGuard has made a list as one of the best budgeting apps because of its mission. The app states clearly that its mission is to help overspenders reduce spending. The app stays committed to the mission by offering free and premium plans to users.
It helps you track bills, remember due dates, automate savings, manage deposits, and track cash and how much money you can spend. The features depend on your subscription plan type. Also, PocketGuard’s security and privacy measures are 256-bit encryption, four-digit pin, biometrics, and Touch ID.
4. Mint
Mint is another budgeting app with over 25 million users. It has many users because it’s free and offers excellent services. With Mint, the app lets users see all their accounts in one place to track their expenditures better. Once the app has taken stock of your expenses, it regularly rounds it up to show the total expense.
Mint helps to track investments and keep track of portfolio fees. Also, a beginner-friendly app for investors like those new to thecryptocurrency market and other investments. Other extra financial tools are a home affordability calculator, loan repayment calculator, and a blog filled with personal finance topics.
5. Zeta
Zeta is your go-to option if you’re looking for a budgeting app specifically for couples. The app is free and has several couple-based features to manage finance. You can set up a joint account, manage money, track expenses and pay bills for no fee.
Some of its best features are shared control, shared and personal budgets, and bill reminders.
Conclusion
If your major challenge has been about how to plan a budget successfully, these apps simplify the process. Simply pick one that tailors your needs and start working on your budget.
