There are a lot of tools out there that may help the users to balance their budget, keep their costs to a minimum, and can increase their savings. Budgeting applications are those applications that allow users to track their personal finances. These can easily be accessed by computer, tablet, and mobile devices. It works best for doctors, lawyers, and entrepreneurs to manage their personal accounts.
Personal finances may include expenses, savings, debt payoff, and many more. These apps will help the users to manage their budget in a more effective way. The best part of using these apps is that they provide the facility of managing the expense tracking and can help the users in portfolio management and cash flow. Users will also be able to manage their monthly income and spending.
It is easily connected to bank accounts and credit cards of users to download their transactions automatically and can divide their spending into different groups to match the budget. It includes the features of monitoring daily activity, achieving financial goals, passive savings, and many more. Some of the best budget management apps for managing personal accounts are as follow:
- Personal Capital
- Mint
- YNAB (You Need a Budget)
- Simplifi
- Pocket Guard
- Zeta
- Good Budget
- EveryDollar
- Emma
- Digit
Personal Capital
Personal Capital is the best budget management application that allows users to track their wealth and spending. Users will be able to synchronize their financial accounts at one place and can easily track their net worth by using this application. It can easily be used as a retirement and education planner tool.
It offers multiple layers of security to keep users’ accounts secure, money safe, and information private. It is helpful in minimizing the risk of compromise and can keep the password safe. It has the ability to monitor investments, retirements, and finances. It is equally beneficial in managing bank accounts, investments, stocks, debt, and many more.
Mint
Mint is the most popular budgeting application that consisting of 25 million users. It allows the users to bring all of their accounts, bills, and financial data on a single platform. Users will also be able to set their bill payment reminders, track, and investment, and can access their TransUnion credit score. It works best for those users who want to improve their spending activities.
It allows the users to see their accounts in a single place and can update their spending on daily basis. It provides the facility of monthly bill tracking by including their payment reminders. The best part of using this application is that it offers free credit score tracking and has customizable alerts for upcoming bills. It includes the features of a budgeting goal tracker, free credit score, investment tracker, and many more.
YNAB (You Need a Budget)
YNAB (You Need a Budget) is a budgeting platform that allows users to monitor their personal expenditures and can enhance their savings. It provides the facility of syncing users and can easily import the data from each transaction. It is helpful in fixing financial anxieties without any restriction. It offers the training in the form of video courses, live workshops, and many more.
It is best known for its bank-grade security features like data encryption, 2FA, and data center. It is easily accessible from several different devices and provides live chat customer support along with its interactive webinars. It includes the features of Investment Monitoring, Loan Management, Tax Reports, Spend Tracker, and many more.
Simplifi
Simplifi is a full-featured budgeting application that allows users to link their bank accounts, investment accounts, and credit cards. Users will also be able to track their multiple saving goals by using this application. It helps the users in tracking their monthly bills and subscription. It is useful in categorizing their spending and can track recurring bills and subscriptions.
One of the best features of this application is a custom watch-list that can monitor the cash flow of users that how much amount is spent and how much budget is left behind. The top priority of this application is security and privacy. It supports 256-bit encryption that allows the users to transmit their banking data and can keep the information confidential.
Pocket Guard
Pocket Guard is the leading budget management application that allows users to organize their expenses, monthly bills, subscriptions, and many more. It is helpful in adding the hashtag to each budget category and may customize the budget in the form of an accurate financial picture. Users will also be able to track their net worth and finances manually by using this application.
It is basically designed for better control of spending and can limit the credit card to the application. Goals can easily be saved in this application to ensure that user is on the right path to achieve their goals. It offers the facility of exporting the transactions directly to Microsoft Excel. It also provides the security methods of 256-bit encryption, four-digit PIN, and biometrics like Touch ID and Face ID.
Zeta
Zeta is another budget management application that is specifically designed for budget management couples and joint finances. It includes all types of couples that are living together, engaged, married, and many more. Their bank accounts can easily be synchronized to track spending and can monitor their net worth. Monthly bills can easily be managed by using this application.
It allows the users to synchronize their bank accounts and can add the data manually to view their finances on daily basis. Users will also be able to achieve their goals and can boost their financial knowledge by using this application. It includes the core features of unlimited transfer, contactless payment, bill pay, and many more. It supports FDIC insurance through Leading-Club Bank with no monthly fees and 0.10% APY.
Good Budget
Good Budget is a popular budget management application that works as a budget tracker for the modern age. It allows the users to keep on track with their friends and family. It plays an important role in syncing and sharing household budgets. It is equally beneficial in sharing the budget with spouses, family members, and friends.
It allows the users to check their envelopes balance on daily basis. It has the ability to track its bank balances along with its envelope balances. It is best known because of budget planning, debt tracking, and money management. It includes the features of transaction history, tax reports, expense tracker, financial dashboard, payment gateway, and many more.
EveryDollar
EveryDollar is another budget management application that helps users to achieve their money goals within the monthly budget. It has a user-friendly interface that is easy to use and has the ability to provide a customizable template to categorize the monthly expenses. To work on it simply follow the plan by keeping an eye on the spending from the start of the month.
It provides the facility of syncing across multiple devices and users will also be able to view their budget directly from their phone. It works best for tracking the spending and can plan the expenses. It includes the features of Transaction History, Tax Reports, Spending Limits, Expense Group, Payment Gateway, and many more.
Emma
Emma is a fantastic budget management application that allows users to track their finances in an innovative way. This can easily be done by connecting with multiple bank accounts, credit cards, savings, and current accounts. It is helpful in monitoring the finance across multiple accounts at any instant of time.
Users will also be able to visualize the status of deposited money and can track the growth of investment by using this platform. It can track the spending income and can send instant notifications as users exceed the spending limit. It uses bank-level security of TLS 256-bits encryption and no login credentials are required to make changes to users’ accounts.
Digit
Digit is an automated saving application that allows users to automate their work of saving and investing. It is helpful in achieving short-term and long-term financial goals. It uses machine learning technology to inform users about their spending and savings on daily basis. It is helpful in estimating whether the goal growing the emergency fund or not.
It provides mobile support for Android and iOS. The best of using this platform is that it supports the FDIC-insured saving accounts. The drawback of using this application is that users are not able to move their money from saving accounts to investing accounts. It includes the services of Stock Trading, Personal Finance tool, money transfer service, and many more.
Final Thoughts
The article discussed above shows the applications for the budget management of personal accounts. These budget management applications are mainly used by doctors, lawyers, and entrepreneurs. These applications are basically designed to help the users in managing their spending and savings. These are useful in providing additional functionality to track the cash flow across multiple accounts.
Budget management applications sync with the bank accounts and credit cards automatically and provide instant messaging about the transactions. Users will also be track their spending and can manage their recurring bill payment by using these applications. In this article, top best budget management applications are discussed in detail that help the audience in choosing the best application for them.
