Making out a realistic budget is important if you are planning on reaching any financial goals in your future, stay out of debt and build a retirement fund. With the popularity of smart phones it becomes a lot easier to keep track of your budget. Keep your budget on track when you are on the go and avoid overspending when out of town. It may get a tad frustrating when trying to find the right app when there are many to choose from. Be patient, once you get your budget set up it will be worth it. Here are four of the better budgeting apps we have come across.
- Goodbudget 4.3*
Formerly known as EEBA (the Easy Envelope Budget Aid), Goodbudget is perfect for planning your budget and for personal finance management. The good thing about this mobile app is there are no physical envelopes, only virtual ones. You can automatically sync with up to 5 other devices as well as the Internet. Your data is also secured and backed up on the Goodbudgets website. Create a budget that reflects what you want, see with ease what you need to put aside and decide what to do with the rest depending on what is important to you.
- Mint: Finance, Budgets & Money 4.4*
Mint makes it simple to track your money as well as budget and manage your finances. From Intuit, who are also the makers of Turbo Tax, QuickBooks, Mint Bills, and Quicken. Mint helps you spend smarter and save more, you can also see all your cards, accounts and investments in one place. Seeing what you have can make it easier to keep track of your spending, make a budget as well as get bill reminders and receive tips for reducing fees and saving money. You also can get access to your credit score which will give you an idea how much work you need to do to get your finances in check.
- You Need A Budget (YNAB) 4.5*
The motto is to get out of the habit of living paycheck to paycheck and save more money faster. In order to have this app you must have YNAB on your desktop. YNAB was voted most popular Personal Finance Software on Lifehacker High Five Poll. Is also About.com 2011 Reader’s Choice Winner for Best Personal Finance Software. You can easily sync with your desktop as well as other mobile apps. Easy to enter transactions on the go and check your balances before making a purchase. Budget with ease knowing YNAB has got your finances in check.
- My Budget Plan 4.7*
My Budget Plan will help you track your expenses, incomes and bills. It will help you stay within your budget to keep you away from overspending. You may have multiple accounts and quickly access any information from any of the accounts. My Budget Plan has bill reminders to keep you from missing any payments, needs no registration, has password protection and keeps statistics which will help you visualize where your money is going.
Some Budget apps are better than others, the idea is to find the one that works best for you. Many people see things differently, some are more visual when others need numbers. Some apps may be trials, if you really want a free app it may not have the same features as apps that you have to pay for. Browse and see what works best for you but once you find the right app you will know you are on the right track to better finances.