Best Budgeting Apps for 2023

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If you have trouble budgeting your money, you’re not alone. Creating a budget can be overwhelming, and sticking to a budget isn’t easy — especially if it’s your first time working with one. To help you keep your finances on track, GOBankingRates has identified the best budgeting apps out there.

Best Budgeting Apps: Paid

Best Free Budgeting Apps

Best Free Budgeting Apps With Paid Upgrades

Best Budgeting Apps: Paid

These apps require a subscription fee. Some offer a free trial, but after it ends, you’ll have to pay to continue using the app.

Best Streamlined Zero-Based Budgeting App: EveryDollar

EveryDollar was created by personal finance expert Dave Ramsey. It uses a zero-based budgeting system, which means that every dollar has a job. Users can create a customized budget based on their income and expenses, track their spending and create savings goals.

  • Pros:
    • Intuitive platform with simple features that make navigation easy
    • Enables users to create a customized budget and adjust it as needed
    • Connects to over 10,000 banks and automatically imports transactions
    • Offers spending insights based on your financial history
  • Cons:
    • Your bank might not be supported, which will require you to manually input transactions
  • Cost:
    • $12.99 per month
    • $79.99 per year after a 14-day free trial

Why GOBankingRates chose it: It’s a user-friendly budgeting tool that can help individuals and households create and manage their monthly budgets in a simple and effective way.

Make Your Money Work for You

Best Detailed Zero-Based Budget App: You Need A Budget

You Need A Budget tracks your spending and lets you know how you can pay off your debt, start saving and more. It’s an excellent choice for zero-based budgeting. The website also has an impressive library of lessons that explain all kinds of budgeting topics.

  • Pros:
    • YNAB claims you can save between $600 and $6,000 in spending per year when you stick to the system
    • A wide array of supplemental resources are available
    • Free 34-day trial that doesn’t charge you unless you subscribe at the end
  • Cons:
    • Pricey compared to comparable budgeting apps
  • Cost:
    • $14.99 per month
    • $99 per year

Why GOBankingRates chose it: Visual learners will appreciate the detailed graphs and color-coding, which give a quick glimpse of how much money you’ve spent. The combination of an easy-to-use interface, an impressive learning library and a robust online community make this one of the best debt apps. YNAB also offers a podcast and free live daily Q&A sessions. Additionally, you can try it out free for 34 days, which will give you plenty of time to decide if you want to commit to paying the ongoing subscription fees.

Best Budget App for Visualization: Monarch

If viewing your financial picture in the form of graphs and charts is important to you, Monarch’s easy-to-use platform may be what you’re looking for. You can sync your credit and bank accounts for automatic updating, set goals and view investments. Plus, you can create your own categories and view them in list form.

  • Pros:
    • Seven-day free trial
    • Monthly email report to help you see goal progress
    • Recurring transactions can be seen on the calendar for clarity
    • Frequent upgrades and improvement of features
  • Cons:
    • Seven-day free trial might not be long enough to decide if you should commit
    • Pricier than some comparable options
  • Cost:
    • $14.99 monthly
    • $99.99 annually

Why GOBankingRates chose it: Behind the stunning data visualization, you’ll find Monarch offers plenty of features for the beginner — and more advanced — budgeter. Additionally, you can collaborate with a partner or household member in the app to keep your spending on track.

Make Your Money Work for You

Free Budgeting Apps

If your budget is tight or you’d simply rather not spend money on budgeting tools, these are the best free budgeting apps for download.

Best Wealth Management App: Empower

Empower, formerly Personal Capital App, calculates your net worth, helps you budget and helps you plan for retirement — all for free. It features a robust, user-friendly dashboard that you can use to link all of your accounts, see custom household retirement projections, view spending trends by category and see month-to-month comparisons in spending.

  • Pros:
    • Ideal for individuals with assets who want an overall financial picture 
    • Robust offering for planning and savings that doesn’t require you to pay a fee
    • Investment Checkup tool to help you gauge the effectiveness of your portfolio
  • Cons:
    • App may feel overwhelming for new budgeters
    • Wealth management features might not be applicable for some people
  • Cost: Free

Why GOBankingRates chose it: Besides its budgeting features, it offers helpful tools for investment-focused users and those planning for retirement. For help managing your investments, you can use the Investment Checkup tool to help you assess portfolio risk, analyze past performance and model individualized asset allocations. And if you’re curious to see how different scenarios would play out in retirement, there’s a tool for, that too.

Best Free Budget App: Mint

The Mint budgeting app helps you balance your budget by tracking your 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 exceed your limit. Plus, the app has Mintsights, which offers helpful insights and predictive savings offers based on your personal financial history.

  • Pros:
    • Set alerts to monitor your spending and income
    • Free credit score and report
    • Get notified of increases in subscription costs
  • Cons:
    • You’ll have to put up with ads and third-party offers unless you pay extra for Mint Premium
    • Predictive savings offers might not be welcome by some users
    • You have to create naming and category rules to avoid Mint automatically miscategorizing transactions
  • Cost: Free

Why GOBankingRates chose it: There’s a reason Mint has consistently been named the best free budgeting app. Overall, it’s easy to use but also comprehensive, making Mint a great app both for personal finance newbies and for in-depth budgeters who like to really track where their money goes.

Best Budget App for Couples: Honeydue

Honeydue is a free budgeting app designed to help couples manage their finances together. Couples can connect their bank accounts, credit card accounts and other financial accounts in one place, which allows them to see balances and transactions in real-time.

  • Pros:
    • Fosters collaboration between couples
    • Gives alerts for upcoming bills and when a budget category is exceeded
    • Couples can chat within the app about money matters
    • A joint bank account is available as an upgrade
  • Cons:
    • Ads are present
    • Support could take a day to respond
    • No investment portfolio or savings goals tools
  • Cost: Free

Why GoBankingRates chose it: Honeydue aims to make managing finances as a couple more transparent and less stressful. It also has a feature that allows couples to split expenses and track who owes what to whom. This is useful for couples who share expenses but have different incomes or spending habits.

Free Budgeting Apps With Paid Upgrades

These apps have the best of both worlds. You can download and use them for free or you can opt for the paid upgrades each app offers.

Best Budget App for the Envelope Method: Goodbudget

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.

  • Pros:
    • Sync and share your budget with others
    • Goal setting and debt payoff available
    • User-friendly mobile app
  • Cons:
    • No direct syncing with financial institutions and requires manual entry
    • Only one year of history is included with free version
    • Email support only available with paid version
  • Cost:
    • $0 for Free Forever
    • $8 per month or $70 annually for Plus

Why GOBankingRates chose it: Not only does Goodbudget take the envelope method digital, you can also save for big purchases, create a workable budget and share budgets with family and friends.

Best Simple Budgeting App: Fudget

If you’re looking for an ultra-simple app that helps you set a calculation-style spending plan without having to worry about syncing accounts, Fudget is a good option.

  • Pros:
    • Simple, list-style tallies of spending and income
    • Star repeat expenses or income
    • Create weekly or monthly budgets
  • Cons:
    • You have to subscribe to the paid version to remove ads
    • Minimal extra features in the upgraded paid version
  • Cost:
    • Free for iOs or Android
    • $3.49-$3.99 for Windows or Mac

Why GOBankingRates chose it: This app is so simple, you don’t have to set up categories — you’ll simply get a financial overview of your spending and income to see how much is coming in and going out. If that’s too basic, you can also upgrade for a one-time fee to unlock features such as business and goal categories, fewer ads, Dropbox syncs, exports and more. 

Best Budget App for Overspenders: PocketGuard

This free budget app offers a simplified budgeting snapshot that will help you organize bills, expenses and subscriptions. Sync your bank accounts and credit cards to the app, so you’ll know how much cash you have to spend at any time.

  • Pros:
    • Offers a lifetime subscription option to save big
    • Good for those who like 50/30/20 budget method
    • Upload images of receipts and other items
  • Cons:
    • Debt payoff plan is only available in paid version
    • Custom categories aren’t allowed in free version
  • Cost:
    • Free
    • Monthly: $7.99
    • Annual: $34.99
    • Lifetime: $79.99 one-time fee

Why GOBankingRates chose it: The app is good for personal finance newbies and in-depth budgeters. It easily connects to your accounts and shows you daily balances based on the budget you set up. Plus, it allows you to set SMART goals in connection with savings and offers an optional personal debt payoff plan.

Best Budget App for Choosing a Subscription Fee: Rocket Money

Previously known as Truebill, Rocket Money helps you see your full financial picture while spending less and saving more. However, you can upgrade to Premium for additional features, including concierge service to cancel recurring subscriptions, premium chat services, unlimited budgets, custom categories, real-time balance syncing and full credit report access.

  • Pros:
    • Free credit score
    • Calculates how much you have to spend each month
    • Spending goal tracker
    • Spending alerts to help you stay on budget
  • Cons:
    • $3 and $4 subscription price option requires annual prepay
  • Cost:
    • Free
    • Premium: $3-$12 monthly — your choice

Why GOBankingRates Chose It: It’s a free budgeting app that has some features you might not expect, including automatically identifying your top spending categories based on your spending habits. Plus, if you choose to upgrade to Premium can pick your own subscription price between $3-$12.

Advantages of Using Apps

Budgeting apps offer several advantages over manual budgeting methods.

  • Time-saving
  • Easy-to-use interfaces to keep in touch with your finances
  • An assortment of tools designed to help you understand where your money is going and set savings goals
  • Allow access to your financial information via smartphone
  • Safe — as long as you choose a reputable app and protect your phone
  • Allow tracking of goals and progress

How To Choose a Budgeting App

The best budget app for you is the one you’ll actually use. You may need to try out a few different apps before you find the one with the features you want and need. Here are some tips to help select one.

  • Take advantage of free trial periods.
  • Use the free trial period as an opportunity to find out how well each app works.
  • Choose an app that’s compatible with your device.

Other Budgeting Options

A budgeting app isn’t the only way to keep track of your spending. You can create a budget and track your spending manually.

Budgeting templates are also available online. Microsoft Excel has templates available that you can download to a computer. Mint also offers free budget spreadsheets on its website. Alternatively, you can use a notebook or ledger sheet to create your own simplistic or detailed budget.

Choose the budgeting tool that works best for you. Be sure to include the following information:

  • Amount of money you have coming in each month
  • Your fixed expenses — rent, mortgage, utilities, car payments and insurance
  • Your variable expenses — food, gas and entertainment

Make a plan for your money. Perhaps you want to pay down debt or save for a big purchase. Look for places to cut back within your budget and divert that money toward your financial goals.

Review your budget regularly. Few people have the same expenses each month, and for many, it’s not unusual to earn varying amounts of income from month to month. You may have a surprise expense or even a surplus after a raise. Adjust your budget accordingly.


Before you jump into one of the best budgeting apps mentioned in this roundup, the first step to financial health is knowing where you stand. Sync all of your accounts in one place, collaborate and get a shared view with a partner, get personalized advice on how to build financial resilience and make progress towards goals.


  • What is the best budgeting app out there?
    • Mint may be the best budgeting app because it's free. However, it has plenty of features, leaving little to be desired.
  • What is the easiest free budget app?
    • Fudget is the easiest free budget app available. There are no categories to set up or syncing to do. Simply enter your spending and income and view your financial status in list form.
  • Is Mint a free budget app?
    • Yes, Mint is a free budget app. It continues to be one of the top budgeting apps due to its robust features and free license.
  • What is the 50-30-20 budget mean?
    • The 50-30-20 budget rule allocates 50% of spending to your needs. The remainder is divided between wants at 30% of your income and savings at 20%.
  • Is it a good idea to use a budgeting app?
    • It is a good idea if it is something that would benefit you and your lifestyle. A lot of people prefer apps to help them budget because of the convenience and the automatic tracking and categorizing of their money.
  • Are free budgeting apps safe?
    • Most budgeting apps have set security measures to keep your personal information safe. If safety is a concern, before you sign up for a new app, make sure you read all the fine print to see what steps the company takes to protect your information.

Barri Segal, Cynthia Measom and Cynthia Bowman contributed to the reporting for this article. 

Information is accurate as of March 18, 2023.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.


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