Creating a budget is an incredible way to manage your finances. Thanks to technology, there are countless money management apps to assist you in managing your money. These apps help you keep track of your income, cash flow, investments, and spending habits so that you can have total control over your finances. Budgeting apps can connect to your credit cards and bank accounts to automatically record transactions and categorize your expenditure to match the budget you set.
Here are eight free budgeting apps to download for 2022.
#1 Mint
Mint is widely acknowledged as one of the top money management apps available today. It makes it easier for all kinds of budgeters to keep their finances under control. It automatically downloads and categorizes transactions so you can have a clear picture of your spending. It suggests a budget for you depending on your spending. By linking your accounts, you can see all your transactions, remaining balance, and the state of your investments. It helps you break down your spending into categories like entertainment, transport, and food and determine how much you have spent on each category. It can also send notifications on unusual expenditures and upcoming bills.
#2 PocketGuard
PocketGuard is a good money management app for over-spenders. It provides high accuracy and efficiency by integrating several credit cards and bank accounts and tracking the expenses incurred. You can set a daily spending limit to control your spending habits. PocketGuard can also help you manage your cash flow by projecting your future expenses and accounting for your projected income.
#3 Personal Capital
Personal Capital is one of the top-rated personal budgeting apps to help you manage all your accounts under one roof. It’s one of the greatest free tools for determining financial health and building wealth. Besides bank accounts, the app allows you to add other essential information, like investment accounts, credit cards, and mortgages. This app assists you in tracking your spending and financial goals.
#4 Wally
Wally is an easy-to-use budgeting app that helps you determine your spending habits. It formulates a budget for you by balancing your expenses and income, allowing you to see where your money goes.
#5 GoodBudget
GoodBudget is a great budgeting app for couples that want to run their budgeting system together. It features a free budgeting system that enables you to break down your budget into several categories.
#6 Albert
Albert defines your income by evaluating your transaction history. It automatically formulates a customized budget based on your income, past spending, and recurring bills. It also notifies you about your rising bills and spending trends.
#7 Clarity Money
Clarity Money assists you in organizing your income and expenses by categorizing them into groups to make it easier for you to trace the transactions. It features a dashboard that displays your remaining balance, recent spending, and outstanding debt. It informs whether you’re on track.
#8 Prism
Prism is another personal budgeting app that helps control your expenditure. It synchs account balances in the app to bring all your expenses in one place. Then you can pay all your bills from the app. This feature helps you avoid late payments and determine where all your money is going every month.
Bonus: Flyp
A new mobile banking app that pays up to 110% cash back. Using Flyp, you can get debit card rewards on every purchase. You can join the waitlist here.
In Closing:
There are countless budgeting apps available today. Each comes with unique features that can help you manage your finances more efficiently. However, only one will favor you. To find out which offers the best user experience, look at the app’s features and user reviews and ratings. With these eight budgeting apps, you will make the most out of every coin and make the best decisions with daily spending.
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