The Best Budgeting Apps And Spending Trackers For IOS And Android

If our picks above didn’t work out for you, we encourage you to check out the other apps below. Everyone has different preferences, lifestyle situations and more, so there is no “one size fits all” choice. All about controlling where your money goes (otherwise known as cash flow) the DIY budgeting app You Need A Budget is a money management app that’s relatively easy to use. You enter your monthly expenses and income, and - boom! It’s as easy as that. 5 for the mobile app, free trials are available. Spending trackers can be complicated. That’s why we love Adaptu. This money management app offers may tracking tools and user generated-content, while the iPhone app, (which is free, a definite plus,) is a bit simpler. It considers balances and bills, then tells you exactly how much you can spend. A big part of financial health is planning, not just budgeting. HelloWallet helps you do just that.

This budget app requires about 30 minutes of your time, inputting your details. Then it provides an individualized plan, like a road map, to increasing your net worth. 9 monthly, which includes a free iPhone app. Formerly known as EEBA, GoodBudget is a budget app for those just starting to follow a budget based on their cash flow. GoodBudget makes use of the age-old envelopes system, having you digitally allocate your funds into different “envelopes” each month in order to divvy up your monthly spend. SImply divide up your monthly budget into each category: think: Entertainment, phone bill, student loans, credit card payments, you get the idea. You can also set up recurring payments for those expenses that regularly appear in your budget. What’s even better is you can set these recurring payments to weekly, biweekly, or monthly. GoodBudget can help you more deeply understand your spending habits - and understand the lingering question many of us face: Just where is my money going,

This budget app is also ideal for freelancers, or others who don’t receive a regular paycheck. You can select the app’s “irregular” option, which helps you track cash flow that isn’t routine. For example, you might have a “ski vacation” envelope set up that you contribute to bi-monthly, or when you can. GoodBudget is free, and available on iOS and Android. Speaking of envelopes, Mvelopes is another great spending tracker. You being setting up the budgeting app with a few questions about your financial goals. While it shouldn’t replace a traditional financial advisor or planner, it can help guide you through how to think about growing your money long-term. Next, you sync Mvelopes to your bank accounts. Mvelopes then begins working directly with your financial institution, and starts tracking every last credit and debit transaction. Once everything is synced up, Mvelopes starts using its namesake envelope system, which is similar to GoodBudget.

However, Mvelopes first has you complete a budget and define your income before you start “filling” your envelopes. This paints a more realistic picture of how much you can spend on certain things, what you actually have in your accounts, and what a reasonable budget is for you. Think about it this way: With Mvelopes, you’re spending based on a budget, rather than your net worth - or how much you have in your accounts. Mvelops is free and available on iOS and Andriod. A more visual approach to tracking your spending, Pocket Expense is another useful money management app. The budget tool first tracks your spending, then creates a visual representation of your spending - all before creating your budgets. This spending tool doesn’t sync with your bank accounts, so it requires that you manually enter all transactions. So this is not the ideal tool for you if you don’t want to do a log of legwork.