![]() ![]() Goal setting: Can you set savings goals, like having a certain amount in retirement and emergency funds, and track your progress along the way? Some apps even let you create budgets for different goals. ![]() Can the app tell the difference automatically? If not, can you categorize transactions yourself? This is one of the most useful aspects of budgeting apps. Automatic transaction categorizing: “Groceries” are purchases from the grocery store “dining out” are purchases at restaurants.Option to sync other accounts: Being able to automatically sync your budgeting app with your bank, credit card, and other accounts and transactions is very handy.Price: Some excellent budgeting apps are free, while others offer a free trial period or have monthly or annual fees.Consider the following when choosing a budgeting app: Manage spending and plan for monthly billsĮvery budgeting app aims to help you track spending and save money, but they come with a variety of features.You might need a budgeting app to help you: All that would be difficult or impossible to replicate on your own, but budgeting apps make it easy. Many apps generate reports to show how your finances change over time. They can automatically sync up with all of your bank accounts and payment cards, categorize your transactions, and give you a bird’s-eye view of what you buy and how much you spend each month. Guide to Choosing the Best Budgeting App Determine Your Need for a Budgeting Appīudgeting apps take a lot of the work out of making and maintaining a budget. You Need a Budget Best for Type-A Personalitiesīudgeting tool is free 0.89% for first $1,000,000 invested One possible downside is that you have to manually enter your transactions in the app, as the app doesn’t connect to your bank account.PocketGuard Best to Keep From Overspendingįree basic version PocketGuard Pro: $7.99 per month The free version includes everything you need to manage a budget, while the paid version gives you additional capabilities, such as email support, unlimited envelopes and the ability to use the service on five devices versus just two. Goodbudget offers both a free version and a paid version, which costs $8 per month. The app is also a great option if you have a shared household, as it lets you sync your budget with another person. Once you have set aside money for your essentials, you can then choose how to use the rest based on what’s important to you. Each month, you set aside money for things that you need, like groceries and gas. Goodbudget helps ensure that you are never caught off-guard by a bill or sudden expense. It uses the envelope system, which is one of the original ways of managing money. Goodbudget is a good app if you’re a beginner and just getting started out with budgeting. Whichever way you go, the best budgeting app for you will depend on your individual or business needs, so we’ve included a variety of apps to help you find one that works best for you. For startups and small businesses, a good budgeting app can help you understand your company’s financial health and make informed decisions. We’ve compiled two lists of apps that we think are great budgeting tools for individuals and startups.įor individuals, a good budgeting app can help you save money by creating and sticking to a monthly budget. Although spreadsheets can be a simple way to manage and track a budget, it could be worth checking out budgeting apps to save yourself some time and effort. You may be looking to switch out your current budgeting app for a better one, or perhaps you’re someone who has traditionally relied on spreadsheets. As we head into the New Year, you might be interested in creating a budget for yourself or you may be looking for a new tool to help manage your startup or small business’s budget. ![]()
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