Are you ready to start focusing more on your budget? This is an important step in managing your finances and can also help you get out of debt faster. If you are ready to get started there are several apps you can use to help you meet your goals easier.
Keep reading to learn more about some of the best budgeting apps available today.
Mint is one of the best budgeting apps because it will help you save more while spending less. This app has been one of the most successful budgeting apps for a long time since it automatically updates and helps categorize your transactions. This helps you visualize what you are spending your money on a lot easier.
As a user, you can use it to set up customized categories, track your bills, and split your transactions. You can set up alerts for each budget category and get a notification if you have exceeded your limit in this category.
Another great feature that Mint has to offer is it also can monitor your credit score.
If you are self-employed one of the first steps to take when starting your budget is to create a paystub. Then you can use an app like PocketGuard that will let you know how much money you have to spend.
This app will take your paycheck and will figure out how much is left over after bills or your emergency fund goal. As a user, you are able to see how much money is left in your virtual pocket at the end of the day, the week, or even the month. You are also able to see how much is spent across different categories such as grocery shopping or buying new clothes.
Goodbudget was developed based on using the envelope system. This system is when you portion out your monthly income into separate envelopes that have different categories for spending. Instead of using real envelopes, you can do so virtually within the app.
This app is also great for those who are not interested in syncing it to their bank account to help track spending. You can manually add your balances and debts and then assign your money towards each virtual envelope. These envelopes are your spending categories.
There is a free version of the app which offers only one account on up to two devices and only a limited number of envelopes. Or you can pay $6 a month (or $50 a year) for the upgraded version. This version gives you unlimited accounts and envelopes and can be used up to 5 different devices.
Learn More About the Best Budgeting Apps Today
These are some of the best budgeting apps that are available to you today. Mint is great for users who want an app that automatically updates after each transaction. PocketGuard is perfect for those who want something a little simpler and to see how much money they can spend on a regular basis.
Goodbudget is great for people who like using the envelope system and don’t want to sync the app to their bank account.
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