You might occasionally spend more than you have or be late on bill payments when you’re not in control of your finances, but there’s a plethora of personal budget apps available today that can help you create and follow a balanced budget. Manage your money and take advantage of features that will help you save, track what you spend and create financial goals when you use the best budget app.
Here are 15 personal finance apps you can use with smartphones — most of which are compatible with iOS and Android operating systems.
|15 Best Budgeting Apps|
|App||Cost||Device||iTunes Rating |
(Out of 5)
|Google Play Rating |
(Out of 5)
|Mvelopes||Free for basic||iOS/Android||4.5||4.3|
Ratings: 4.5 on iTunes; 4.3 on Google Play
The Mint budgeting app helps you balance your budget by tracking your income and expenses. It connects to all of your bank accounts and automatically updates whenever you make transactions. You can categorize your budget and receive an alert when you get close to your limit.
Reviews were generally favorable, including remarks such as “I check this app every day and it’s been great at helping me keep track of my spending.” But some users also said Mint offers little flexibility and that it doesn’t enable you to categorize your expenses according to your needs.
Ratings: 4.5 on iTunes; 3.2 on Google Play
This free budget app will help you organize your bills, expenses, subscriptions and set up your categories into a graph. You can sync your bank accounts and credit cards to the app so you can know exactly how much cash you have to spend at any time.
Reviews were positive for the PocketGuard app. “Perfect if you need a simple budget. Beautiful and intuitive,” one user wrote. However, one reviewer didn’t like that there didn’t appear to be the ability to add or plan for known, one-time expenditures.
3. Level Money
Ratings: 4 on iTunes; 3 on Google Play
Level Money tracks your spending habits and provides insight on your finances. You set up a plan on the app’s Spendable screen and it creates a budget that tells you in real-time how much you have to spend. Additionally, Level will give you predictions on your bills and balance to help you avoid overdrafts.
Users praised this app highly. Comments included remarks such as, “It’s easy to use” and “It’s very helpful.” Some complained they couldn’t sync the app with their bank accounts.
Check Out: 9 Easy-to-Use Budget Templates
Ratings: 4.5 on iTunes; 4.2 on Google Play
You don’t even have to enter your bank account information to use Dollarbird, which features a calendar format. Dollarbird calculates your balance and how much cash you have to spend when you input your expenses and income. If you use an iPhone, you can set up recurring transactions.
Users loved this app. As one reviewer wrote, “This is exactly what I’ve been searching for and it’s quick, has neat bar charts and great colors to separate info.” One reviewer didn’t feel the same way: “I just want a simple breakdown of what I spent each month per category. Maybe this app does that but I can’t figure out or find instructions how.”
Ratings: 4 on iTunes; 4.4 on Google Play
With the IOU app, you can track your bills and loans each month as well as who owes you and vice versa. IOU will alert you when bills are due and send email reminders to people who owe you money — and notify you if you’re past due on debts. You can see a history of all the debts you’ve paid and share debt information with your contacts.
Users generally like this app. “Loved your app, it’s what I was looking for, Purchased the pro version right away,” one said. But another complained, writing, “This is the tenth IOU app I’ve tried. Not one lets you adjust for partial payments? Useless!”
Rating: 4 on iTunes
BUDGT helps you keep track of your finances by creating a new budget for you based on how much you’ve already spent during the month. You can set up your monthly budget with recurring and one-time income and expenses and set a target for your savings. At a glance, you can see if you’re on track to saving or losing money by the end of the month, and get an overview of where you spent each penny.
Users like how simple this app is to use. “I love this app,” one reviewer wrote. “I use it for daily budgeting.” Complaints included trouble setting up a budget for the month and frustration over the inability to save, back-up, import or export information.
Ratings: 4.5 on iTunes and 4.3 on Google Play
Another major player among finance apps is Qapital, which helps you save money for the things you can’t seem to budget for. Qapital uses your spending habits to trigger micro-savings that it automatically puts aside for your goals. You can create shared goals with friends or family to make saving a team effort, while keeping your account separate.
The app has received praise from users. One in particular said the app was among his favorites: “It automatically saves a few pennies here and there, I usually forget about it entirely, and next thing I know, I look on my Qapital account and I’ve saved a few hundred bucks!” Some users commented that it’s difficult to delete an account with the app, and some users have had issues linking to banks.
Cost: Free for 100 days, then $2.99 a month
Rating: 3.5 on iTunes
Digit personal finance app analyzes your spending habits when you connect your checking account, and saves money for you. The app moves some money from your checking account to your Digit savings account each day, but it won’t transfer more than you can afford — so you don’t need to worry about overdrafts. If you need to access your Digit savings account you can text Digit and it will transfer the funds to your checking account the next day.
Users love saving money effortlessly with Digit. “I’ve been using the app for a little less than six months and found it extremely easy to use with little to no learning curve,” one reviewer wrote.
Cost: Free for basic version
Ratings: 4.5 on iTunes; 4.3 on Google Play
Use this budget app to track your bills and manage your budget on the go with real-time updates. You can access the spending tracker to find out how much you have left to spend, and you can see detailed tablet views of your budget.
Mvelopes creates and tracks expenses and gives you advice on how to cut down on spending and how to stop living paycheck to paycheck. You can choose from the free, basic version or step up to the paid versions, Mvelopes Premier and Mvelopes Coaching.
Ratings were high for Mvelopes. “Forces you to be disciplined with your spending,” one user wrote. One reviewer complained that transactions disappear randomly while assigning an envelope; another said the app still has annoying bugs.
10. Personal Capital
Ratings: 4.5 on iTunes; 4.2 on Google Play
Personal Capital is one of the most popular apps — more than 1.3 million people use it. The app shows your net worth, assists you in managing your investments and helps you plan for retirement.
Use the Personal Capital Dashboard to get an overview of your financial life. If you’re an active investor, use the Fee Analyzer and Investment Checkup to take stock of your current portfolio.
Users like how the app gives an overall look at all your accounts, including retirement accounts and mortgages. One reviewer noted that the app combines investment monitoring tools and financial advising. Less positive feedback in the user reviews centered on connectivity issues.
11. You Need a Budget
Cost: Free for 34 days, then $50 per year
Ratings: 3 on iTunes; 3.8 on Google Play
YNAB tracks your spending and lets you know how you can cut costs, pay off your credit card debt, start saving and more. You can also set a goal in YNAB for the amount you need to save for future expenses. Take advantage of the videos, free online classes and money management resources — whether you’re planning for retirement or you just want to save and invest.
“I used YNAB for years and have since updated to the online version with this app,” one user wrote. On the other hand, another user expressed frustration: “I just downloaded the app and I can’t create an account without going on my desktop. What’s the point of the app?”
Ratings: 4.5 on iTunes; 4.4 on Google Play
By using the old envelope budgeting method, GoodBudget lets you track your envelope and account balances and sync them to multiple devices. You can make envelopes for all your budgeting categories and reserve money in each one based on that category. You can also save for big purchases, create a workable budget and share budgets with family and friends.
Users generally praised the app. “This app is not complicated and does have a tremendous amount of features,” one wrote. Some users complained that the GoodBudget app has issues with freezing.
Ratings: 4 on iTunes; 4.2 on Google Play
The new Spendee 2.0 app helps you manage your finances by connecting the app with your online bank so your transactions get downloaded and categorized automatically. Spendee provides your financial overview via graphs, and you can share wallets with family and friends.
Users generally praised the app; one described the app as “great” and noted he’d been using Spendee for years. But some users complained that Spendee has unbalanced plans and needs a search feature.
Ratings: 4.5 on iTunes; 3.4 on Google Play
The Wally app enables you to know exactly where your money goes and helps you compare income and expenses. You can set goals and keep track of where you stand.
Users generally praised the app. “The user experience is smooth and seeing the big picture of how much I spend in a month helps me to choose where to cut back,” one reviewer wrote. Some users noted frustrations, too. “Now the Android version is a whole new level of messy looking and also it’s impossible to migrate data from iPhone to Android phone,” one wrote.
Ratings: 4.5 on iTunes; 3.5 on Google Play
As one of the best personal finance apps, Albert makes it easy — and free — to manage your money. The budgeting app connects to your accounts and gives you advice on how to improve your financial well-being. Because the app has relationships with large financial institutions, you can act on advice right from your phone — anything from getting a loan to setting up automatic savings to taking out an insurance policy. Security is a priority for Albert, so it ensures your financial information is encrypted.
Users generally praised the app: “Great update guys! Training works great. New courses tab is fab!” one said. Other users, however, complained about freezing issues.
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