Budgeting goes hand in hand with growing your savings. It helps you understand how much of your income covers different life expenses and how much you can set aside to save more money.
For instance, through budgeting, you are well aware of what portion of your earnings goes to pay for the bills (necessities and wants), what goes to investments, and how much goes to savings. This shows just how much budgeting is important whenever you think of savings.
Generally, there are numerous ways to budget. You can do it manually, use a simple spreadsheet, or download a rich-featured app for all your budgeting needs. But today, we want to look at the best budgeting apps that can help simplify budgeting and grow your savings.
So, what are good budgeting apps? Let’s find out.
Best Budgeting Apps to Help You Save More Money
Are you ready to boost your savings and streamline your finances? Here is a list of the best budgeting apps for beginners and savvy financial planners alike.
Quicken Simplifi
First on this list is the Quicken Simplifi budgeting app. This is one of the best budgeting apps that track spending. It’s a modern, user-friendly budgeting app designed to streamline your financial management and help you save more money.
Unlike traditional budgeting tools, Quicken Simplifi offers a simple user interface that caters to both beginners and seasoned financial planners. So, anytime you think of budgeting, this app should be among your top choices.
With Quicken Simplifi, you can effortlessly track your income, expenses, and savings goals all in one place.
The app automatically categorizes your transactions, provides real-time updates on your spending habits, and even offers personalized insights to enable you to stay on track. Plus, its ability to create custom watch lists for specific spending categories ensures you never overspend.
Lastly, Simplifi’s subscription plans are affordable, making the app accessible for users on a budget. For example, you only need $2.00 a month billed annually.
Empower
Now, for investors, here is a great budgeting app for you. Empower is a robust budgeting app that combines easy-to-use financial management tools with personalized financial coaching to help you achieve your savings goals. With its sleek interface, Empower simplifies tracking your income, expenses, and overall financial health.
This budgeting app offers a comprehensive overview of your spending habits, automatically categorizing transactions to provide clear insights into where your money goes.
One of Empower’s outstanding features is its real-time alerts for unusual spending and customizable weekly reports. This helps you stay on top of your budget effortlessly.
Additionally, Empower includes a savings feature that analyzes your cash flow and identifies opportunities to save. And for those seeking a more hands-on approach, Empower also provides access to human financial coaches who can offer tailored advice and strategies.
The best thing about Empower is that it costs you nothing to use. This makes it the cheapest way to budget and manage your finances.
YNAB (You Need a Budget)
Everyone needs a budget to help maintain a healthy financial life. YNAB offers just that but for serious financial planners. That’s right! The app works best for determined people who are ready to make every dollar they earn count.
YNAB’s unique approach focuses on giving every dollar a job, ensuring that your money is allocated effectively. Its user-friendly interface allows easy tracking of expenses, setting of financial goals, and monitoring of progress in real time.
The app offers educational resources to enhance your budgeting skills, including workshops and tutorials. And with features like goal tracking, debt payoff planning, and real-time syncing across devices, YNAB provides a comprehensive solution for achieving financial stability and peace of mind.
Generally, YNAB is guided by four main rules to help streamline your finances, as follows:
- Giving each dollar you earn a job: This helps you plan for your income even before earning it.
- Embracing your true expenses: Understand that some expenses will always be there, and break them into smaller chunks.
- Rolling with the punches: Being flexible and changing as life and spending changes.
- Aging your money: Being in a position to spend your last month’s earnings on this month’s expenses.
As for pricing, you just need $8.25 a month if you pay it annually. But if you pay on a monthly basis, you need $14.99 a month.
Monarch
Are you looking for a budgeting app that offers more than just budgeting features? Monarch could be your app. It is an all-in-one financial app that provides a comprehensive view of your financial life.
It offers powerful tools for tracking expenses, setting and achieving financial goals like investments, and analyzing spending patterns.
Even better, Monarch’s interface makes it pretty easy to connect all your financial accounts, giving you real-time insights into your net worth. The app features customizable budgeting categories, goal-setting capabilities, and detailed financial reporting. All these help you to make clear and informed financial decisions.
Additionally, Monarch includes collaboration features, making it ideal for couples and families managing finances together. So, if you want to master your finances and save more money as a family, Monarch is an excellent budgeting app to consider.
But what about pricing? How much will using this app cost you? With just $8.83 a month, billed annually, you are good to enjoy all the features of this powerful budgeting app.
CountAbout Budgeting App
Are you a sole proprietor or a freelancer looking to save more money? Here is a great budgeting tool for you.
For starters, the CountAbout budgeting app offers flexibility and ease of use, features that many people look for. For instance, unlike other apps that require you to start from scratch, CountAbout lets you import data from Quicken or Mint, making the transition seamless.
It also offers robust features like customizable categories, recurring transactions, and detailed financial reports.
The app is also web-based, so you can access it from any device, and it automatically syncs with your bank accounts for real-time updates. So, whether you’re tracking daily expenses or planning long-term goals, CountAbout helps you stay organized and in control of your finances effortlessly.
The pricing is also pocket-friendly. The app offers two plans as follows:
- Standard Plan — $9.99 a year with a 45-day free trial period
- Premium Plan — $39.99 a year with a 45-day free trial period
The app boasts the most customizable, secure, and easy-to-use personal finance software.
Conclusion
In the quest for financial stability, the right budgeting app can make all the difference. Whether you are looking for a user-friendly interface, personalized coaching, proactive budgeting philosophy, comprehensive insights, or seamless data integration, there is a budgeting app offering just the right features for you.
Our list here has apps that offer the best features for your budgeting needs. Simply choose the one that suits you and start your journey to saving more money. The tools help you to manage your finances effectively and save more by helping you track expenses and set the right goals.
