OH-Blog Logo
OHIOHEALTH

What's "Appening": Budgeting Apps to Improve Your Finances from Your Phone

Let’s face it, “budgeting” is no fun. Nobody wants to spend their time crunching numbers and setting limits for their spending. But on the other hand, being debt-free with a padded savings account and minimal financial stress sounds like blast, doesn’t it?

So, how can you get the perks of a working budget without all the work? The answer may literally be right at your fingertips — on your phone!

There’s no shortage of budgeting apps out there, but we found five that really shine. Sync them with your bank accounts, automatically track and categorize your spending, even let them budget for you!

Check out one or a few to discover all they can do to get you on your way to financial freedom.

Mint Budgeting App

Mint Budgeting App

iOS and Android

Free

Optional in-app purchases:

  • Live Expert Subscription – $49.99
  • Mint Live Subscription – $24.99
  • Mint Live Expert Subscription – $9.99

Across the blogosphere, experts seem to agree that Mint is a great app, especially for beginners. It tracks where your money is going and suggests ways to save more of it. Mint can also help you pay your bills, check your credit score, and of course, set and follow a budget.

Features:

  • Creates a financial snapshot by pulling bank accounts, credit cards, bills and investments into one place.
  • Helps you manage bill payments by tracking bills, sending reminders to avoid late payments, and letting you pay your bills right from the app.
  • Automatically updates your transactions in real time and places them into categories
  • Allows you to split ATM transactions into the categories of purchase you made with that money.
  • Makes budget suggestions based on your financial picture and spending habits.
  • Lets you set budgets and alerts you when you start to near your budgeted limits.
  • Offers access to check your credit score for free.

 

Personal Capital Budget App

Personal Capital

iOS and Android

Free

Additional fees based on percentage of assets managed. Check their FAQ for more information.

Personal Capital has the ease of a budgeting app with the personal experience of talking to an advisor. The app covers the basics of setting and maintaining a monthly budget, while specializing in investment monitoring and retirement goal-tracking. All while providing access to a human consultant.

Features:

  • Creates a financial snapshot by tracking your bank accounts, 401(k), IRA, investments, stocks and debt, all in one place.
  • Provides you with a hybrid advisor system: half AI advisors, half human advisors.
  • Allows you to track your net worth so you can make smarter decisions about how to manage your money.
  • Includes an education tracker so you can save for future education costs.
  • Analyzes your asset classes and investment fees automatically to ensure a smooth user experience.

 

PocketGuard Budgeting App

PocketGuard

iOS and Android

Free

Optional in-app purchases:

  • PocketGuard Plus – $4.99/month or $34.99/year

PocketGuard syncs with your bank accounts, credit cards, loans, savings and investments to figure out what you have left to spend. At its most basic level, it keeps you from overspending. But it can also do so much more.

Features:

  • Creates a financial snapshot by pulling bank accounts, credit cards, bills and investments into one place.
  • Tells you how much you have left to spend after your bills are paid and savings are safely tucked away.
  • Automatically builds a budget based on your income and spending patterns.
  • Tracks your bills.
  • Lets you set savings goals and spending limits.
  • Gives suggestions on how to lower your recurring bills with better available deals.
  • Automatically categorizes your spending.
  • Compares your current month’s spending to your average.
  • Alerts you to upcoming payment due dates.

 

You Need a Budget (YNAB) Budgeting App

You Need a Budget (YNAB)

iOS and Android

34-day free trial

After the trial: $11.99/month or $83.99/year

Your Need a Budget is for the seriously committed budgeter. While the app provides tools to work your budget, it’s also dedicated to your education. YNAB wants you to stop living paycheck to paycheck, get out of debt and save more money. They believe you can achieve these goals by giving every dollar a job, planning for expected and unexpected expenses, being flexible and rolling with the punches, and spending last month’s money instead of having your paycheck spent before you even get it.

Features:

  • Syncs to your bank accounts.
  • Provides online classes to help you get started and personal support, seven days a week.
  • Offers tools and education to help you get rid of debt for good.
  • Lets you set and track goals.
  • Measures your progress with detailed reports.

 

GoodBudget Budgeting App

GoodBudget

iOS and Android

Free

Optional in-app purchases:

  • Plus Plan – $5.99/month, $17.99/3 months or $49.99/year

GoodBudget helps you to not only track your expenses, but plan for them. It’s great for couples working a budget together, because you can share and sync budgets across devices. GoodBudget helps you keep track of your income and expenses so you know exactly how much money is left over after you pay your bills.

Features:

  • Uses the envelope system to help you plan how much money you have to spend on different things, like dining, groceries and gas.
  • Syncs transactions so they’re accessible from multiple devices.
  • Generates reports to give you a sense of your budgeting and spending habits.

related articles

TOP