If you’re looking for ways to control your personal expenditure and savings, a budgeting app may come in handy. Basic budgeting apps help you connect your accounts, categorise and track expenses, create saving goals, alert you for payments, and even highlight where you can cut back.
When it comes to filtering and choosing the best budgeting app(s), you should know which one is the most unique or offers exclusive tools. Based on my experience of using the top budgeting apps on the Google Play Store and the iOS App Store, here are my recommended budgeting apps for 2022.
Note: SG Alliance does not endorse, nor have affliations with the below-mentioned apps.
With one of the highest ratings, reviews, and downloads, Mint is a free to use budgeting app which allows users to sync all their different accounts on the platform. The app allows users to manage and track expenses, make credit payments, savings and checking accounts, loans, bills, and investments.
• Mint’s array of features allows you to quickly categorise transactions from linked accounts, and create custom budgets.
• Users can easily access personalised insights and monitor subscriptions.
• Alerts and budgets can be easily customised.
• Multi-factor authentication & software encryption ensures utmost protection of data.
Find out more: https://apps.apple.com/us/app/mint-budget-planner-tracker/id300238550
A great way to save money is by physically earmarking it into different segments. That’s what Goodbudget facilitates – a digital envelope system of saving money where you can divide and assign monthly funds into various spending categories such as groceries, rent, utilities etc. The only drawback is that bank details don’t automatically sync; they need to be entered manually.
• Improve your financial knowledge through the app by accessing well-curated podcasts, budgeting bootcamp webinars, and blogs.
• Users can access up to 20 envelopes in the free version & unlimited envelopes in the paid version.
Find out more: https://goodbudget.com
When it comes to managing money, simple is sometimes what you need. PocketGuard is an easy and effective budgeting app that gives users a clear picture of their bank account, their expenses, and what’s left – in the form of a pie chart. You can quickly understand where your expenses are high and accordingly set spending limits for yourself.
• On linking your credit/debit cards onto the app, your purchases will be automatically uploaded.
• Users can also track finances manually if they aren’t keen on linking their accounts.
• The paid version of the app allows users to create debt payoff plans.
Find out more: https://pocketguard.com
An award-winning budgeting app, YNAB’s unique selling point lies in helping users improve their savings, and steer clear of debt. The app is excellent for helping you figure out your future financial goals and priorities and has a host of features to help with tracking budgets efficiently. If that’s not enough, the app also offers many workshops on financial budgeting to help users make the most of the app.
• Quickly create a savings plan for each dollar earned.
• Become more hands-on and aware of your money so you can make better decisions.
Find out more: https://www.youneedabudget.com
Personal Capital is feature-rich when it comes to making savings plans – be it for retirement, emergencies, or even debt. From daily expenditures to a complete overview of your portfolio, Personal Capital provides users with a complete picture of their finances with an aim to enhance the user’s saving capabilities.
• Use advisory tools like the investment checker, investment analyser, financial planner, cashflow tracker, net worth tracker, and education cost planner.
• Navigate your savings seamlessly with an easy-to-use interface.
Find out more: https://www.personalcapital.com
Designed for partners, Honeydue gives couples more transparency when it comes to managing money together. It charts out expenses and facilitates clear communication over finances, within the app.
• Split payments and have conversations about expenses with your partner within the app.
• Instant notifications are sent to both partners for better expense tracking.
At SG Alliance, we’ve narrowed down these apps on the basis of their reviews, ease of use, customisation abilities, and security features. Choosing the right budgeting app can be very useful if you are eager to improve your personal finances. Prior to choosing an app, consider your personal goals so that you can choose an app that encourages you to reach them.
Find out more: https://www.honeydue.com
References
https://www.thebalance.com/best-budgeting-apps-4159414
https://www.nerdwallet.com/article/finance/best-budget-apps
https://www.forbes.com/advisor/banking/best-budgeting-apps/
https://www.cnbc.com/select/best-budgeting-apps/
https://www.fool.com/the-ascent/personal-finance/best-budgeting-apps/
