The powerful energy that you get as soon as your paycheck clears is indeed one of the most fantastic 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. 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. 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 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. 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. Intuit designs the app. Its popular features are:
- Keeps bills and money all in one place
- Gives alerts and reminders for bills
- Creates budgets
- Helps in meeting your savings goals
- Prepares reports and charts every week
- Knows your credit score
- Manages your portfolio and finances together
- Secure app with multi-factor authorization
Cons
- Issues in updating that have been reported by customers
- Problems with linking with a few bank accounts
- 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
- Bank Syncing
- Real-time access anytime from your mobile phone
- Freedom for debt paydown
- Achieves your goal by tracking them
- Gets proper reports and summaries
- Live support and personal support
- Easy to use
- Reported as the best app for getting out of debt
Cons
- Fewer features compared to other apps
- No reporting for investments
A Platform if 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
- Reported as the best app for tracking expenses
- Unprecedented insights
- Location-based speed
- Smart notifications
- No ads
- Recurring income and expenses
- Store photos of receipts
- Exports data in CSV form
Cons
- Less user-friendly
- Limited review section
- 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
- Maintains portfolio
- Invest easily in managing your budget
- Watch your progress
- Withdraw anytime
- Best app for painless saving
Cons
- Commissions are deducted from accounts less than $5000
- 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
- Simple set up
- Syncs with multiple bank accounts
- Syncs with various credit cards
- Money insight summaries and reports
Cons
- Not ideal for variable income
- Doesn’t provide advice
A platform for Level Money
Android
IOS
Cost
Free of cost but not for fluctuating income
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