Technology has evolved, and there has never been a better time to be alive. If you hate going through the hassle of sitting down, laying out all your finances, and then creating a budget, there is good news for you.
There are now mobile phone applications in the market that do the deed for you. All you must do is find an application that works for you, then sit back and enjoy as you have one less thing to worry about in your life.
Following is a list of applications that would cater to your needs of domestic budgeting.
Please ensure that you do your research before trusting an application with your financial data.
Mint
Mint is a free app available in the market for the sole purpose of budget creation.The purpose of the app is to allow you to keep track of your daily expenditure to stay within the limit while making everyday purchases. The app is extremely user-friendly, so it is one of the top-rated ones in the market.
Mint suggests the option of connecting you to your bank account so all the transactions can be filed automatically. Those who do not wish to use this option due to privacy concerns could always manually add their transactions to the app.
The only con this app has been the targeted advertisements that are a part of the app interface, although they are not that bothersome to a massive majority since the app is, after all, free!
PocketGuard
PocketGuard is your next go-to application if you want to cub your overspending habits. The app has been created with the primary purpose of curbing unnecessary spending by tracking all your transactions through your bank account.PocketGuard comes in two different variations; a free, basic version and a paid, premium version that goes by PocketGuard Plus. PocketGuard Plus costs its users $79.99 per year, which seems plausible according to the app’s services.
EveryDollar
EveryDollar is a budgeting app that caters to your budgeting needs as well as tracking all your purchases. The app has been created on the zero-based budgeting philosophy that focuses on creating equilibrium between expenses and income.The paid version of this application costs a whopping $129.99 per year, which may be a lot for some individuals, which is why it has the option of a free version. The central point that sets the two versions apart is that the user must manually add all the transactions to the app, which the paid version would do automatically.
You Need a Budget
You Need a Budget, or YNAB, is an application for those willing to invest some bucks to save some dollars.
The app, charging $84 annually, is one of the most acceptable applications for budgeting—the app sync to your bank account, which takes away your worry of manually adding each transaction. Due to the in-depth approach of the company towards budgeting, it has yielded excellent results in the past. It claims to save $600 in the first two months of usage.
The app is known for being completely safe and strict on data protection as it uses high-level encryption.
Those who may be concerned about paying a considerable amount could always avail of the 34-day free trial that the company offers. It would be enough time for you to realize if the app is for you.
If you’re looking for a free application to create a domestic budgeting plan for you, Mint should be your first option due to its remarkable results and user-friendly programming. But if you are ready to pay for the services, you should invest in YNAB because of the promising results with the application.
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