It is not always the simplest thing to do to manage your professional and financial responsibilities. Apps designed specifically for budgeting can help connect you to your various financial accounts, monitor your spending, and classify your various expenses so that you can get a better idea of where your funds are going. Nevertheless, a lot of apps do more than simply that one thing. Email notifications, payment due dates, the ability to track memberships, and even features for a sharable wallet are some of their offerings. Because each of these applications is available for smartphones running either the iOS or the Android operating system, you can use any of them to control your finances, no matter what kind of smartphone you own.
22Seven
Old Mutual is responsible for the development of this cost-free budgeting app, which enables users to keep tabs on their spending across all of their accounts. On the app, you have the option of creating a profile for either your business or your personal life. Not only customers of Old Mutual can benefit from using the app to better control their finances, but it is helpful for anybody who needs to do so. You can connect financial accounts, credit and shop cards, financial assets, and loan repayments with the help of this application.
The application also generates a budget for you premised on your monthly expenditure, allowing you to keep track of how much money has already been spent and the amount that is still available for spending. Your money can be invested with it, and you can utilize it to plan out and accomplish your financial goals with its help. The application will also offer you suggestions and insights regarding your financial situation, giving you an understanding of things that you were previously unaware of or had not given much thought to.
YNAB
If you currently have outstanding financial obligations, you will find this app to be helpful. Reporting and budgeting tools will be of assistance to you throughout this process. One of the apps that have received the highest ratings on Google Play is this one. Rather than simply tracking your expenditures, the app allows you to plan out your budget for the coming month. It is a zero-based budgeting system, which indicates that you can make a plan for every cent that is earned.
Whenever you get paid, YNAB will immediately inform you of the percentage of that pay that should be allocated to various categories, such as savings, goals, and expenses. When you spend money, you should be able to do so with a greater sense of purpose as a result of this being available to you. This app is quite interactive, as it provides educational resources that teach you how to create a budget as well as how to use the app itself. Additionally, it enables you to connect your savings and checking accounts, in addition to credit cards and loans. The application is compatible with mobile devices such as phones and laptops, as well as desktop computers, iPads, and Apple Watches.
You will be required to make a payment either once per month or once per year to use this app, which is the app’s only drawback. On the other hand, you get a free trial for a total of 34 days. It is free to use for an entire academic year for students enrolled in postsecondary institutions.
Wallet: Budget Planner Tracker
The wallet is yet another complimentary financial planning app that serves as an individual financial manager by assisting you in keeping track of every one of your finances and bringing them under your control. In addition to this, the app offers you constant perspectives into both your current financial status and your expenditures. This app syncs with your checking accounts and keeps track of the money you spend, which enables it to organize your budget into different categories. Automated notifications are among the app’s best features.
You are also given the option to individually import your purchases from your bank account. This can be done in several ways. One more helpful function is the possibility of sharing certain accounts with a spouse or other family members who, like you, require some understanding of your financial situation. Sharing is possible from any platform you choose, including Android, iPhone, and the internet. You can also dispose of any unused loyalty and reward points cards you have by submitting all of your store cards and loyalty program cards to the app. This will allow you to do away with any cards you have that are unused.
Spending Tracker
The Spending Tracker app can be downloaded from the Windows Store, the Amazon App Store, the Google Play Store, and the Apple App Store. It has a very straightforward and understandable user interface, making it extremely user-friendly. You have the option of monitoring your expenditures on a daily, weekly, monthly, or yearly basis. You can make it easier to keep track of your spending by establishing a fixed budget amount and then carrying over any amounts that aren’t used into the following week or month’s budget. This application will also offer you an overall view of your earnings and expenditures, allowing you to identify the primary areas in which you spend your money.
On the app, you are also able to set up individual accounts for your business, your savings, and your finances. In addition to this, you will have the ability to export your expense summary to an excel or a PDF file, which will allow you to view and print your daily, weekly, or monthly expenditures.
GoodBudget
GoodBudget is a helpful app for managing money and keeping track of expenses, making it ideal for budget planning. Because the app can be synchronized across multiple devices as well as the web, both you and your partner will always have the most recent financial information at your fingertips. Through the use of the envelope system, your income is segmented into various categories, allowing you to assign a predetermined amount of money to each envelope in the system.
It is not difficult to move money between the various accounts and envelopes that you have. Because you will be required to take money out of an envelope before you can spend it using this app, you will be forced to make more considered decisions regarding your purchases. Envelope budgeting allows you to not only keep track of the money but also plan it because it helps you schedule your spending plan ahead of time and keep track of how much you spend, so you can use it to plan your spending rather than just keep track of it.
Summary
When searching for a budget planning app, you should look for apps that enable you to link diverse banking accounts, prepare for future financial choices, view your expenditures categorized, or create your custom categories. These features are important to look for in a budgeting app. Apps for managing your finances and your budget that also keep tabs on your expenses and let you discuss money matters with your significant other will come in handy. You should look for a budgeting app that has additional features, such as the ability to display your credit score, your net worth, and your investments, when you are making your selection. We hope that one of the apps that we’ve listed here will be able to assist you in managing your money better.
