Whether you’re digging yourself out of debt, saving for a specific goal or trying to get a better handle on your budget, there’s an app to help you reach your financial goals. We scoured the internet to see which apps are winning the most acclaim.
These are the best budget apps people are using right now, but there are hundreds of options out there, so the important thing is to find the app that works best for your devices and preferences.
1. Your Bank’s App
I think it’s fairly simple to realize that the best budget apps are your bank’s. Most major banks, credit card companies and investment companies now have them and experts say they’re a good place to start. Checking balances, making transfers and paying bills is just the beginning. You can check on your investments, find the nearest branch or bank machine and access a variety of other tools such as mortgage calculators.
2. Mint: Personal Finance & Money
Mint is the darling of the online budgeting world so it’s no surprise that the app has received so much acclaim. Like the online tool, Mint lets you connect all of your accounts in one place to track and categorize your spending, pay bills, check your balances and double-check your budget before you buy. You can also set up reminders for upcoming payments and receive low account balance notifications.
Also have an android phone? Read this: 7 Best Budget Apps for Android To Simplify Your Life
3. You Need A Budget
Widely popular, YNAB used to be for desktops only, but now you can extend much of its functionality to your smartphone and tablet too. (You will need the latest version of the software to use the app, however.) You can check your budget and enter transactions on the go, and the app will automatically sync to your desktop when there’s an internet connection available. One of the best budget apps out there right now.
Want to try it before you buy? The YNAB software is available for a one-month trial (and costs $50 to purchase) and users can download a free version of the app known as YNAB Lite.
4. Smart Receipts
Whether you’re tracking expenses for work or home, this app makes it easy to manage all those receipts. Using the camera in your device, the app lets you take a picture of the receipt or bill and enter relevant details on the spot. Not only will it record the date and location of your transaction, it will add up expenses in different categories as well. Consider the app a digital archive of receipts that you can search, print, email and export to other programs.
If you’re looking for an expense tracker that’s more robust, experts pick this as one of the best budget apps for the additional features. For example, you can use a variety of currencies, calculate vehicle mileage, track spending trends and see how much room you have left in your budget — among many other reporting features. When you need to claim expenses, you can export data to a CSV or HTML file — complete with a digital copy or your receipt.
Starting a new career and looking for budget tips? Read this: 15 Amazing Personal Finance Tips When Starting a Career
6. Debt Manager
This app is one of many that use the “Debt Snowball” method to help you get your debts under control. Simply enter your loans and payment information, set priorities and start playing with the numbers. You can try out some different scenarios — such as a rise in interest rates or increasing your payments, for example. Debt Manager also lets you see how much time and interest you’re saving, plus keeps you motivated by charting your progress.
The app also has tips and instructions to guide you through the process, plus it lets you create customized reports of your payment history.
7. IOU Debt Manager
Borrowed a few bucks from a co-worker to cover lunch, or lent a friend cab fare? This app lets you keep track of debts big and small. You add a contact or “account” and then enter the details of what is owed to you or what you owe to someone. You can keep track of partial payments, and set up email reminders.
This app isn’t just about money — it’s a handy way to keep track of items as books, tools, and movies that you borrow and lend. (You can even add a picture.) You can also note if you owe someone a phone call or an email, or whose turn it is to bring food to games night. Personally, one of the best budget apps for lending and receiving.
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