What are Money Management and Budgeting Apps?
Business and personal finance management apps link up to your accounts and track all your spending and things related to expenses, your savings account, taxes, and bills. As an individual or entrepreneur, you can benefit from these financial content measurement apps as they take away the stress of budgeting by trying to remember everything yourself. Not only can these apps track your spending and keep your budgeting on track with simple money management, but they can also ultimately help grow your net worth, too.
1. You Need a Budget (YNAB)
The You Need a Budget business and personal finance application has lots of features to help you manage your personal or business budget. Graphs and charts let you track your progress over time plus you have real-time access to your budget information from any device.
Compatible with: Web/iOS/Android
2. Mint
Mint allows you to track all of your finances in one place. Mint’s features include balances and budgets and the ability to set credit health and financial goals. There are financial summaries and alerts sent via email or text message from Mint. In addition, you can get a free credit score courtesy of Equifax. The lack of investing features may limit the appeal of Mint, but Mint does currently boast around 24 million users.
Compatible with: iOS/Android
3. Simplifi by Quicken
Simplifi by Quicken keeps you in full view of the big picture financially. It allows you to see your bank accounts, loans, credit cards, and investment products in one place. Also, you can use Simplifi to see what’s left after paying bills and set useful spending limits to quickly check on overages at a glance. In addition, you can customize your savings goals, adjust spending categories and add earmark contributions to keep you on track.
Compatible with: Web/iOS/Android/Desktop
4. Expensify
Expensify has over 10 million users and features a pre-accounting process for expenses, bills, and invoices. You can use the app to scan receipts, track business and personal expenses, and book travel all from one place. Other useful features include multi-level approval workflows, mileage tracking, and corporate card reconciliation with consent choices.
Compatible with: iOS/Android
5. Personal Capital
Personal Capital links your bank account and credit cards and allows you to track your entire net worth, along with various analysis tools. Also, it gives you access to an advisor who will help you devise your own personalized plan. The personal advice available through the app is one of its strongest selling points, allowing you to customize the management of your finances according to your unique situation. This is one of the best budgeting apps as it is completely free to use.
Compatible with: iOS/Android
6. Credit Karma
Credit Karma is another one of the top money management and budgeting apps. It allows you to check your free credit score on the go. Also, you can file your provincial and federal tax returns with the Credit Karma Tax feature, and save money with the Credit Karma Savings tool. Other cool features include an approval odds calculator, tips for financial progress, a relief roadmap creator, and free ID monitoring.
Compatible with: iOS/Android
7. EveryDollar
EveryDollar is a money management app that helps you create a monthly budget in order to keep track of your spending and achieve your money goals. It takes less than ten minutes to create your first budget, and the app is easy-to-use and intuitive. You simply add your monthly income and expected expenses, then track your spending with the app.
Compatible with: iOS/Android
8. Pocket Guard
Pocket Guard is an easy-to-use finance management application. It gives you control of your money from credit cards to student loans to help you optimize your spending and grow your savings. As one of the best budgeting apps, Pocket Guard will monitor your budget, particularly the spendable money you have remaining after setting aside enough for the nominated bills, credit card offers, and other necessities.
Compatible with: iOS/Android
9. Intuit Quickbooks Self Employed
The Intuit QuickBooks Self Employed app is for start-up and small business owners. You can use the app to track both business and personal expenses. Also, it offers automatic mileage tracking, while the advanced plans have extra options such as tax payments made through the app and human support on call.
Compatible with: Web/iOS/Android
10. Goodbudget
Goodbudget is a modern budget tracker that aims to keep you on track with your financial goals via a time-tested envelope budgeting method. It lets you sync and share budgets and save for big expenses. In addition, it has the bill-paying feature which is another excellent feature.
Compatible with: iOS/Android
Dotun Ayodele-Bamisaiye, CPA CMA is the CEO of Dexteritas Inc. This piece is published here
