Best Budgeting Apps to Boost Your Savings in 2022

B udgeting can take its toll on you. Which is why dozens of investors have financed budgeting apps that can do the legwork for you. 

Budgeting apps usually connect with your bank accounts and cards to track any spending automatically. Many even divide your spending into other sub-categories (utility bills, meals, groceries etc.), so you can best see where your money is going. 

The Best Budget Apps

If you’re looking to save time by utilising a decent budgeting tool instead of manually entering figures into a spreadsheet then boy are these apps going to make your life easier!

Money Dashboard

Offers most of the same things offered by another app called Ema Pro except this time they’re absolutely free. These features include spending categories that you can customise (for example, you may wish to put all payments for Christmas gifts together) and the ability to manually add accounts.

Money Dashboard also displays a graph of your anticipated monthly expenditure, as well as a projected balance at the conclusion of the month. The app's degree of flexibility is great for people who have accounts and investments with many providers.

This tool is ideal for more complicated financial matters and is completely free. It provides a detailed budgeting analysis with specific categories depending on your spending habits. There is also a desktop version. However, it is very consuming to set up, and the automated spending classification may be improved.

You Need a Budget (YNAB) 

According to YNAB, novice budgeters save an average of $600 in their first two months and over $6,000 in their first year. YNAB is the most expensive choice on our list, but it comes with a 34-day free trial.

Rather than monitoring what you've previously spent, like some rivals do, YNAB takes a proactive approach to budgeting. After joining up, you build your first budget and allocate each dollar to a specific purpose, such as paying your rent or vehicle payment. The aim is to go at least one month ahead of schedule, so you may spend money you earned 30 days ago. To keep you on track, the organisation provides substantial training materials as well as client assistance.

Despite the fact that it costs $84 a year and has problems that cause sync troubles, YNAB earns a spot on our list thanks to a 34-day trial period and excellent customer service.

Mint 

Mint is free to use and connects all financial accounts in one place, which can make it easier for you to track your money. Mint uses the most up-to-date security methods, such as robust encryption, multi-factor authentication, and other security procedures, to keep user information safe. Users may also add a four-digit security code to their mobile device to protect their Mint account.

Account members get free access to their credit score and credit monitoring tools via Mint. Thanks to a relationship with TransUnion, you can see your TransUnion VantageScore as frequently as you like. Using Mint to check your credit score has no negative impact on your credit.

Your score includes a summary of your credit record, as well as explanations of how credit scores are created and suggestions on how to improve your score. Mint also provides free TransUnion credit monitoring.

Goodbudget

The envelope method, which divides your monthly income into particular spending categories, is the foundation of Goodbudget. Multiple devices may access the same account using the app, allowing spouses and family members to share a budget.

Goodbudget, unlike most other programmes, does not need you to link your bank accounts. You manually enter account balances, cash amounts, and debts (which you may get from your bank's website).

You designate money to spending categories, called envelopes, once you've input your accounts and income. One account, two devices, and a limited number of envelopes are included in the free edition. Unlimited envelopes and accounts, up to 5 devices, and other features are included in the Plus version, which costs $7 per month or $60 yearly.

Trim

Trim examines your expenses and spending patterns to show you where you may save money in your budget. Bill Negotiation is Trim's most distinctive function; it examines your wifi, phone, tv, and wireless bills to see if you can obtain the same service with the business at a lesser price. This function might save you hundreds of dollars over the course of a year, which you can use toward other costs, save, or invest.

Signing up is completely free. You'll pay 33 percent of what Trim saves you in a year in one big amount if you agree to Trim's recommended bill negotiations.

Trim Premium is available for $99 a year and includes services such as medical bill negotiation, credit card rate negotiation, and unrestricted email access to a financial counsellor. A Trim Premium membership includes Bill Negotiation, so you won't have to pay an additional 33 percent on top of your yearly membership price.

In Summary

Knowing how to budget your finances can be a lot of hard work but once you go through with it; you’ll be surprised by how much easier life gets. With the best budgeting apps now on the market, you no longer need to worry about doing all the work manually. Just sit back, tap “Install” and let the pennies trickle in.

• This post is tagged in:

• best budgeting
• budgeting apps
• pennies and apps
• apps to help with money