Get the low down on budgeting
tips, tricks and apps to help you get your finances in order
Our Top Budgeting Apps of 2020
The average American household has a credit card debt of over $8,000. There are many reasons why that might be. For example, it might be due to medical bills, home repairs, or day-to-day expenses.
One of the best ways to prevent this problem is to budget your money. It’ll ensure that you’ll always have enough for the things that you need. For example, it’ll come in handy if you’re shopping for a mortgage.
Need some help creating a monthly budget? You can always use a budgeting app on your smartphone. If anything, it’s one of the best things that you can use to improve your financial situation!
Want to know what some of the best apps are? Then be sure to check out the rest of our budgeting 101 guide!
Our Top Budgeting Apps
Looking for a personal finance app with budgeting tools? Here are a few that are available for both Android and Apple devices.
PocketGuard is a budget management app that you can connect to your credit or debit card account. In doing so, you can easily view all of your transactions.
Not only that, but the app will tell you exactly how much you’re able to spend per day. It does this by taking into account your previous purchases and bill payments. That way, you won’t have to worry about overspending!
MoneyStrands is a free app that you can use to track your spending habits. All you have to do is link it to your bank account!
Free to use, it also comes with a calendar feature that allows you to track spending and see when you’re making your purchases as well as when your paycheck comes in. That way, you’ll be able to better understand your financial picture.
Spendee is known for its bright, user-friendly interface. You can use it to categorize your expenses, create a budget, keep track of your receipts, and more. If you want, you can also subscribe for more features.
One of the best things about the mobile app is that you can view all of your expenses in one feed. There’s also an “Overview” mode, where you can see your spending habits as an infographic.
YNAB (You Need a Budget) is designed to help get you out of debt. Simply connect your accounts and you’ll be able to see your transactions in real-time.
Not only is it great for creating a budget, but there’s also a tracker for your daily expenses. There’s also an option to sync the app with your other devices so that you can access your data from anywhere.
Creating a Budget
And there we have it—a mini budgeting 101 guide! As you can see, there are various budget apps that you can use for money management—just download them from the app store.
Looking for more money-saving tips? If so, make sure to check out the rest of our site!
What is budgeting?
Budgeting is when you create a plan on how to spend your money. Not only can it help you from overspending, but it can help you save as well.
On top of that, it can help you reach your financial goals. For example, you can set aside a certain amount each month if you plan on launching your own business.
How can i put together a budget?
Putting together a personal budget consists of the following:
- Put together all of your financial statements
- Put together a list of all of your sources of income and expenses
- Break out your expenses by fixed and variable
- Match up all of your monthly income and expenses
- Find areas to cut your variable expenses
Latest Personal Finance Reads
Are you looking to refinance your home? Perhaps you’re considering a mortgage. However, you may not have great credit. Many are in the same situation, but many lenders will work with applicants of all financial backgrounds. Top Flite Financial has a solid...
The kitchen is the most-used room in your home. This means it should be comfortable and convenient. If it’s not, you might want to consider making some changes (that will more than pay for themselves in the long run). But how much does the average kitchen...
Research shows that consumers hold a collective $14 trillion in debt. Are you included in that statistic? If so, it’s easy to become overwhelmed by your obligations. Many different kinds of debt can threaten your financial stability, from credit cards to...
The month of March brought a load of unanticipated turmoil to the United States with a record of 6.6 million Americans filing for unemployment benefits due to the spread of COVID-19. Even with a lot of budgeting and saving, it may be difficult to recover from the...
In recent weeks, families around the world have been thrown into a new normal. For many, this time has also introduced a new season of financial hardship. Maybe your hours were reduced to part-time as your company works through these unsettling times. Or, perhaps you...
If you’re struggling to keep your head above water because of COVID-19, you can breathe a sigh of relief. The federal government issued a foreclosure moratorium in March 2020 to help everyone affected by COVID-19. HUD Secretary Ben Carson will oversee the new...