Creating and adhering to a budget might not be easy, but it can be a lot less daunting with the right tools. Typically, best budgeting apps work by tracking your income and expenses, analyzing your financial portrait, and helping you achieve savings goals. They also can help curb spending by setting up custom watchlists and limiting spending by category, payee, or amount. The best budgeting apps often allow you to sync your accounts and view a full picture of your finances within a single app. They may offer features like bill payment reminders, loan payoff plans, and more. The best budgeting apps also provide a variety of educational resources for their users, including podcasts, articles, and webinars.
While many great budgeting apps exist, some stand out for their features and benefits, such as Honeydue. The app allows couples to share an account without having a joint bank account and divide bills and recurring payments evenly. This feature allows for transparency and accountability and can encourage healthy money communication between partners. Another popular budgeting app is Mint, which offers a range of features, from free credit reports to savings and investment tracking. It also provides a wealth of helpful notifications, including monthly progress toward your goals and how your cash flow compares to the previous month. The app also offers advice, a personal investment account, and insurance coverage of up to $1,000 through Avibra.
Best Budgeting Apps for Couples
Whether you and your partner are trying to save more, get out of debt, or plan for an emergency, the best budgeting apps can help. Ideally, you’ll find an app that allows multiple people to access data in real-time. This can help couples avoid the risk of miscommunication. Look for features like syncing transactions across devices and the ability to customize your income and expense categories.
Some of the best budgeting apps for couples include Honeydue, a personal finance tool geared toward helping married and cohabitating couples build financial security. It offers a birds-eye view of your finances and can provide insight into spending habits and progress toward goals. It also offers a number of savings features, including automatic bill payments. It’s free to use and has a customer rating of 4.5 stars.
Other options include MoneyWise, an app that uses the YNAB method of budgeting to align spending with goals. It also allows users to track cash flow, savings, and expenses. It is a free app but has a $70 annual fee. Zeta is another budgeting app for couples that lets you merge finances and set shared goals. It can also track bill due dates and offer in-app messaging for communication. It’s backed by Piermont Bank and offers joint checking accounts with no monthly account service fees and interest earnings.
Best Budgeting Apps for College Students
Managing personal finances during college is essential to growing up and building a successful financial future. The best budgeting apps for college students make keeping tabs on expenses and savings goals easy. Many of these apps also provide a range of educational content and tips to help you develop a sound money management strategy.
Some apps, like Mint, offer a free credit score and advice on how to improve your financial situation. Others, like PocketGuard, focus on simplifying the budgeting process. In an easy-to-navigate dashboard, PocketGuard displays how much “spendable” money is left after bills and savings goals are accounted for. This feature is ideal for visual learners.
Other apps, such as EveryDollar and Kubera, provide customizable budget templates to fit your lifestyle. These apps can also sync with your bank accounts to automatically track spending. They can even alert you if you are about to exceed your budget. If you share expenses with roommates, some apps can help you track who owes what and when.
Some budgeting apps can also track foreign transactions and convert currencies, making them useful for students who may travel abroad. YNAB or You Need A Budget, is another popular option for desktop or mobile devices. This app tracks your income and expenditures to create a budget that is customized to you.
Best Budgeting Apps for ADHD
ADHD can make it difficult to keep track of bills, spending, and savings. This can lead to impulsive spending, which can be hard to catch if you have a large number of bills and accounts that need to be managed.
The good news is that many apps can help you get your finances in order and manage your spending. Several of these apps can help you keep track of expenses bills and even track your savings goals.
There are some budgeting apps that allow you to link your bank account and automatically import transactions, which can be helpful for people who struggle to remember receipts. This is a great way to track your spending and get an accurate picture of how much you’re actually spending each month.
Most budgeting apps also allow you to set savings goals, which can be a great motivator to save more money each month. They also provide you with a clear breakdown of your spending each month, which can be helpful in identifying areas where you might be overspending.
Some of these apps are designed to help adults with ADHD improve their organizational skills and focus. For example, OmniFocus can help you keep track of your tasks by project and context, and it has a GTD reviewer that can help you stay on task. However, it can be a bit pricey at $50 in the Apple Store.