The powerful energy that you get as soon as your paycheck clears is indeed one of the most amazing feelings after a  month of putting in your hard work. However, soon, the money in your bank account gets wings and flies away, leaving you dull again. With a simple act, you can monitor your spending patterns and save a lot from the same amount of earnings. Previously, budgeting was a dull and tiring process where you had to manually add all of those excessive lists of expenses that leave you confused at the month’s end. 

Budgeting apps for personal finances is a savior in today’s era where you can manage all of your expenses from your smartphone. We all carry smartphones now as they have the power to keep us connected with the whole world. Managing your expenses, expected incomes, and savings was never easy before the evolution of smartphones. Budgeting is actually not as hard as it sounds. All you need to do is adopt a modern version of bookkeeping. The recording of your spending will show you a pattern of your expenditures and eventually you can save more money from the same amount that you receive each month. Below are what we believe to be 2018’s best budgeting apps.

Mint

Pros

Mint is the most popular budgeting app that provides its customer with plenty of features. The app is designed by Intuit. Its popular features are:

1. Keeps bills and money all in one place
2. Gives alerts and reminders for bills
3. Creates budgets
4. Helps in meeting your savings goals
5. Prepares reports and charts on a weekly basis
6. Knows your credit score
7. Manages your portfolio and finances together
8. Secure app with multi-factor authorization

Cons

1. Issues in updating that have been reported by customers
2. Issues with linking with a few bank accounts
3. All features are available on the web version only

Platform for Mint

IOS
Android
Apple watch

Software Requirements

IOS: 10.0 or later
Android (depending on your handset)

Cost

Free with adds

You Need A Budget (YNAB)

Pros

1. Bank Syncing
2. Real-time access anytime from your mobile phone
3. Freedom for debt pay down
4. Achieves your goal by tracking them
5. Gets proper reports and summaries
6. Live support and personal support
7. Easy to use
8. Reported as the best app for getting out of debt

Cons

1. Fewer features compared to other apps
2. No reporting for investments

Platform for You Need A Budget

Android
IOS
Apple watch

Software Requirements

Android: 5.0 and up
IOS: 9.0 or later

Cost

$6.99 per month

Wally

Pros

1. Reported as the best app for tracking expenses
2. Unprecedented insights
3. Location-based speed
4. Smart notifications
5. No ads
6. Recurring income and expenses
7. Store photos of receipts
8. Exports data in CSV form

Cons

1. Less user-friendly
2. Limited review section
3. Does not sync with bank accounts

Platform for Wally

Android
IOS

Software Requirements

Android: 4.0 and up
IOS: 9.0

Cost

Free

Acorns

Pros

1. Maintains portfolio
2. Invest easily in managing your budget
3. Watch your progress
4. Withdraw anytime
5. Best app for painless saving

Cons

1. Commissions are deducted from accounts less than $5000
2. Low investment opportunities

Platform for Acorns

Android
IOS
Apple watch

Software Requirements

Android: Varies with device
IOS 10.0 or later

Cost

$1 per month for an account managing less than $5,000

Level Money

Pros

1. Simple set up
2. Syncs with multiple bank accounts
3. Syncs with multiple credit cards
4. Money insight summaries and reports

Cons

1. Not ideal for variable income
2. Doesn’t provide advice

Platform for Level Money

Android
IOS

Cost

Free of cost but not for fluctuating income

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