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Budgeting is crucial for conserving your financial resources, enhancing your credit, and making timely credit payments. Keeping track of your expenditures and income can be challenging even if your finances are doing well. Unexpected expenses might put you in a challenging position.

You can plan your budget to include money set aside for emergencies to avoid being caught off guard by unexpected costs or a broken-down car. Budgeting apps provided by technology can be of assistance in these areas. Explore the best budgeting apps with us.

Budgeting apps help keep track of your income and costs, create and monitor financial goals, and make wise choices about spending.

What is a budgeting app?

Through various tools and features, budgeting applications are intended to make it simpler for individuals to control their finances. These tools and features enable users to keep track of their income and costs, create and monitor financial goals, and make wise choices about their spending. These applications can be used on a computer, a smartphone, or a tablet and frequently include a variety of functionality, including:

  • Tracking income and expenses: Users of budgeting apps can enter their income and expenses, classify them, and keep track of their spending over time.
  • Making a budget and monitoring it: Many budgeting apps let users build a budget based on their income and expenditures and monitor their compliance with it.
  • Notifications for overspending: Some budgeting apps allow users to receive alerts when they are approaching or going over their budget in a specific category, which can help users remain on track and prevent overspending.
  • Tools for visualizing and analyzing spending patterns: Many budgeting programs provide tools, like graphs and charts, for visualizing and analyzing spending trends. Users can find trends and areas to save money.
  • Integration with financial accounts: Some budgeting applications let users link their accounts, credit cards, and brokerage accounts, making it simpler to keep track of all of their economic transactions in one location.

Budgeting software can be a valuable tool for anyone who wants to get a better handle on their money and reach their financial goals.

How to use budgeting apps

After you’ve decided on a budgeting app, you’ll need to create an account. Some essential personal and financial data is typically needed for this. Utilizing a budgeting app makes it simpler to monitor all of your finances in one location by allowing you to link your bank, line of credit, and investment accounts. You must provide login credentials for each account to achieve this.

The software will next require you to enter your income and expenses. The amount, type (such as wages, rent, or groceries), date, and any other information are typically entered for each transaction. You may create a budget using applications depending on your income and expenses. Usually, to do this, a set amount of money is distributed across various groups.

As soon as your budget is established, you can start monitoring your spending by entering your payments into the application as you make them. This will assist you in staying within your financial constraints and point out potential places for savings.

It’s essential to regularly examine and update your budget to ensure it remains practical and in line with your financial objectives. To do this, you may need to change how you spend money or the categories in your budget.

Best budgeting apps in 2022

Free Apps


One of the most well-established and popular budgeting apps is Mint. Owned by Intuit, the very same company that develops QuickBooks & TurboTax, Mint provides various features to assist you in tracking and managing your money from a vast range of banks, card issuers, brokerage firms, lenders, and other banking institutions.

The budgeting tools, prominently shown when you log in, are among the many services it offers and are by far the most useful. Using a budget you can adjust and personalize to your needs, Mint automatically classifies purchases from connected debit and credit cards and keeps track of them.

Get notifications when you exceed your budget, keep track of your expenses by category, or examine your entire cash flow to see where your money is spent each month on Mint.


As the name suggests, PocketGuard can serve as a deterrent to excessive spending and help with budgeting. This budgeting tool connects to each of your financial accounts and allows you to monitor your monthly spending about your monthly budget.

This application is one of the simplest to install and link to your bank accounts. It keeps tabs on your income, your outgoing costs for regular bills and living expenses, and contributions into your savings account.

You can track each bill with PocketGuard’s aid and look for ways to cut costs. It can also help you find subscriptions you were unaware of and make cancellation suggestions.


Wally has excellent photos and graphics, focuses solely on budgeting, and doesn’t have many other features, unlike other apps. This application assists you in keeping track of your earnings and outgoing costs while providing a quick view of the rest of the budget to prevent overspending.

This app, more prevalent among Millennials, comes in free and paid editions. Wally has built-in support for practically all foreign currencies, making it an ideal choice for people outside of the United States and one of its main advantages. This may be the software for you if you want an essential budgeting tool without extra features.

Paid Apps

You Need a Budget (YNAB)

Because of its approach to budgeting, YNAB is one of the finest premium budgeting applications. Without requiring a credit card, the company offers a 34-day free trial. After that, the annual fee is $98.99. It costs $14.99 monthly if you’d instead make a smaller down payment.

You can manually enter each transaction, import your information from a file, or sync your bank accounts with YNAB. The company suggests that to learn the basics of the program, you should start by watching video tutorials, going to a live class, or reading a manual.


Stash offers many budgeting tools, including a taxable brokerage account, a bank card that rewards you with stocks when you use it for purchases, and a virtual checking account. It costs $3 per month or $9 per month.

Stash includes tools that allow you to track your spending and create savings objectives in the app’s budgeting section. Use services like round-ups and automatic investing if you want to automate these goals so you can passively accomplish your objectives. In addition to passive savings, Stash’s checking account includes no overdraft penalties, no minimum balance requirements, and no hidden costs, and checks deposited via direct deposit are processed up to two days earlier.