Do you have trouble sticking to your budget or just creating a budget in general? Budgeting can be tedious at times and somewhat confusing but it’s definitely worth it to make a detailed plan for how you will manage your money.
Luckily, these days more and more people are straying away from old fashioned budgeting methods like the pen and paper method and even spreadsheets and downloading free budgeting apps instead.
Budgeting apps are convenient, user-friendly, and some even offer extra perks like bill pay reminders, your credit score estimate and, net worth tracking. Here are the top 3 budgeting apps you should try out.
1. Mint
When I first started getting serious about my finances and creating a budget, I downloaded Mint. Mint connects all your accounts in one place and tracks your spending while providing you with helpful updates and reminders for when bills are due.
If you use debit and credit cards a lot, all you have to to is securely log into your online banking platforms to connect them all to Mint. Then, the app will take it from there and sort out all your recent transactions and categorize them so you’ll know where your money is going each month.
Mint practically creates a custom budget for you based on your income and spending habits but you can always adjust it. I like how Mint also sends reminders when certain bills are due, alerts you if you’ve been charged a fee, and allows you to create and track financial goals.
2. Personal Capital
Personal Capital is similar to Mint, but some people say it’s a more advanced app. Like Mint, Personal Capital allows you to track your spending and create a digital budget, but this app also focused on other aspects of your personal finances like investing and retirement planning.
When you think about budgeting, you are probably doing it to reach a larger end goal. Maybe you want to keep your spending under control so you can pay off debt or save more. Maybe you want to cut expenses so you can put more money toward your retirement fund.
Personal Capital allows you to manage and analyze your investment portfolio and plan for the future with a customized retirement plan. This app perfectly combines tracking your spending and income with tracking your net worth.
3. Level Money
Level Money is a unique budgeting app that shows you how much you can spend today, this week, and this month. If you spend money each day like most of us, this app would be useful in helping you make sure you aren’t overspending and splurging on certain days.
When you purchase things with a debit or credit card, sometimes it doesn’t register that you may be going over your budget or not so that’s where this app can come in handy. Level Money detects how much you can spend by analyzing your income and expenses. This app can also help you set financial goals like paying off debt or budget for larger purchases.
Download a Free App and Get Started
The great thing about all these apps beside the fact that they are extremely helpful is that they are absolutely free. If you have an Android or iPhone you can simply go to the iTunes store or the Google Play store and start improving your budget today. There’s literally nothing to lose.
Which app is your favorite?
Also Read: 9 Best Apps Like Mistplay for iPhone and Android Users