Top Money Management And Budgeting Apps To Consider

Money Management And Budgeting Apps

Whether you are a business owner or an individual looking to take charge of your finance, it is difficult to remember all the expenses, taxes, and bills you have to deal with. So, this list of the top money management and budgeting apps below will help keep track of it all for you.

What are Money Management and Budgeting Apps?

Business and personal finance management apps link up to your accounts and track all your spending and things related to expenses, your savings account, taxes, and bills. You can create spending plans with a table of contents on some of the budget apps. In addition, some of the apps allow you create your spending plan with others. As an individual or entrepreneur, you can benefit from these financial content measurement apps as they take away the stress of budgeting by trying to remember everything yourself. Not only can these apps track your spending and keep your budgeting on track with simple money management, but they can also ultimately help grow your net worth too.

Top Money Management and Budgeting Apps

Most of the money management and budgeting apps are available for both iOS and Android. However, a couple of the top ones are entirely web-based. So, depending on what suits your budget, you will find something that works for you.

1. You Need a Budget (YNAB)

The You Need a Budget business and personal finance application has lots of features to help you manage your personal or business budget. Graphs and charts let you track your progress over time plus you have real-time access to your budget information from any device. Security is a strong point for YNAB as they encrypt all data and bcrypt hash all user passwords. There is support available. However, this is only via email.

Compatible with: Web/iOS/Android

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2. Mint

Mint allows you to track all of your finances in one place. Mint’s features include balances and budgets and the ability to set credit health and financial goals. There are financial summaries and alerts sent via email or text message from Mint. In addition, you can get a free credit score courtesy of Equifax. The lack of investing features may limit the appeal of Mint, but Mint does currently boast around 24 million users.

Compatible with: iOS/Android

3. Simplifi by Quicken

Simplifi by Quicken keeps you in full view of the big picture financially. It allows you to see your bank accounts, loans, credit cards, and investment products in one place. Also, you can use Simplifi to see what’s left after paying bills and set useful spending limits to quickly check on overages at a glance. In addition, you can customize your savings goals, adjust spending categories and add earmark contributions to keep you on track.

Compatible with: iOS/Android/Desktop/Web

4. Expensify

Expensify has over 10 million users and features a pre-accounting process for expenses, bills, and invoices. You can use the app to scan receipts, track business and personal expenses, and book travel all from one place. Other useful features include multi-level approval workflows, mileage tracking, and corporate card reconciliation with consent choices.

Compatible with: iOS/Android

5. Personal Capital

Personal Capital links your bank account and credit cards and allows you to track your entire net worth, along with various analysis tools. Also, it gives you access to an advisor who will help you devise your own personalized plan. The personal advice available through the app is one of its strongest selling points, allowing you to customize the management of your finances according to your unique situation. This is one of the best budgeting apps as it is completely free to use.

Compatible with: iOS/Android

6. Credit Karma

Credit Karma is another one of the top money management and budgeting apps. It allows you to check your free credit score on the go. Also, you can file your state and federal tax returns with the Credit Karma Tax feature, and save money with the Credit Karma Savings tool. Other cool features include an approval odds calculator, tips for financial progress, a relief roadmap creator, and free ID monitoring.

Compatible with: iOS/Android

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7. EveryDollar

EveryDollar is a money management app that helps you create a monthly budget in order to keep track of your spending and achieve your money goals. It takes less than ten minutes to create your first budget, and the app is easy-to-use and intuitive. You simply add your monthly income and expected expenses, then track your spending with the app.

Compatible with: iOS/Android

8. Pocket Guard

Pocket Guard is an easy-to-use finance management application. It gives you control of your money from credit cards to student loans to help you optimize your spending and grow your savings. As one of the best budgeting apps, Pocket Guard will monitor your budget, particularly the spendable money you have remaining after setting aside enough for the nominated bills, credit card offers, and other necessities.

Compatible with: iOS/Android

9. Intuit Quickbooks Self Employed

The Intuit QuickBooks Self Employed app is for start-up and small business owners. You can use the app to track both business and personal expenses. Also, it offers automatic mileage tracking, while the advanced plans have extra options such as tax payments made through the app and human support on call.

Compatible with: Web/iOS/Android

10. Goodbudget

Goodbudget is a modern budget tracker that aims to keep you on track with your financial goals via a time-tested envelope budgeting method. It lets you sync and share budgets and save for big expenses. In addition, it has the bill-paying feature which is another excellent feature.

Compatible with: iOS/Android

11. Freshbooks

Freshbooks is another money management app aimed directly at freelancers and the self-employed. If you are a small business owner with contractors or employees, this is also for you. It is an accounting software built for business owners, and features include easy invoicing, expenses planning and tracking, time tracking, and project planning. You can use the app to make payments and manage reports.

Compatible with: Web

12. Marcus Insights (Clarity Money)

Clarity Money lets you link your bank account, credit card accounts, and more to see your complete finances all in one place. You can organize your spending and savings, track your investment products and visualize your cash flow. Marcus Insights is one of the free budget apps that is free to use on a mobile device regardless of device characteristics.

Compatible with: iOS/Android

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13. Acorns

The Acorns app helps you to make the most of the smaller amounts of money you have, even as far as investing spare change automatically. You can set aside money from every paycheck and more via the content profile. In addition, you get access to plenty of money tips to keep you on top of your finances.

Compatible with: iOS/Android

14. Trim

Trim is one of the best money management and budgeting apps. The service analyzes your spending patterns to find ways to save you money. Also, Trim can manage your cable, internet, and phone products, and even pay medical bills and cancel old subscriptions. It connects the your account securely using 256-bit SSL encryption and two-factor authentication to keep all the data safe.

Compatible with: Web

15. Spendee

The Spendee app gives you complete control over all your cash expenses by connecting your bank accounts, e-wallets, and crypto-wallets. It can give you a quick overview of your total incomes and outgoings at a glance and lets you create a smart budget to save money for expensive purchases.

Compatible with: iOS/Android

16. Venmo

Venmo is a payment app and it lets you shop and share with ease. You can send and receive money with clients or friends and add a special editor’s note in each payment. Also, you can use Venmo to pay businesses by using Venmo money for the purchase. Opening and holding an account is completely free, with Venmo making their money from small percentages from certain transactions.

Compatible with: iOS/Android

17. Dollabird

Dollabird is a calendar-based personal finance management tool designed for real life where you can add past, future, or recurring transactions. You can also categorize the transactions with AI and track them on mobile.

Compatible with: iOS/Android

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About Dotun Ayodele-Bamisaiye

Engineer turned Accountant, twice designated to boot. Now I just love to help.

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