Almost everyone wants to change how they save and manage their money — and the tech community has taken care of it by launching a steady stream of financial resources to lend a hand. We’ve filtered through a range of budgeting apps and picked the most helpful ones.

Many applications are designed for general personal budgeting, but each of them has something special to offer. Another software specializes in personal budgeting devices, while the other provides bill monitoring. Each of them is unique in providing the opportunity to allocate every dollar you have a job, creating a full money management program. One gives warnings when you’re close to overspending.

This is not an easy job to manage personal finances; some people are spendthrift and end up spending more than they intend and some intend finances but end up saving because of some need. There are famous budgeting apps for all of those people that help one plan and handle finances effectively. If an individual needs help in managing the spending and managing the funds, then budgeting apps are helpful. Several free budgeting apps exist, each different from the other.

The Best Budgeting Apps of 2020

1. Mint: Personal Finance & Money

Mint is the free app that brings together everything from balances & budgets to your goals, credit score, and more. Your financial life – easy to understand & in one place. Experience Mint like never before. Beautifully redefined to make money management simpler and more seamless. Now see your data working harder to unlock personalized money-saving advice & insights.

Mint is one of the oldest and most popular budgeting apps in the world. Owned by Intuit, the same company that makes Quickbooks and TurboTax, Mint offers a range of features to help you track and manage your money from a huge list of banks, credit card issuers, brokerages, lenders, and other financial institutions.

Features of Mint: Personal Finance & Money  App:

• See Everything in One Place: Get a more complete picture of your financial life. We bring together everything from account balances and spending to your free credit score, net worth and more.
  
• Manage Bills & Money Together: Track bills right alongside your account balances. You’ll know what’s due, when it’s due, and the money you have to put toward your balances.
• Save Time & Money: With one place to keep track of your finances, there’s no need to log into multiple sites. Plus, we’ll give you savings tips to help with budgeting and debt.
• Budget Better: Effortlessly create budgets you can stick to. To help you save smarter from day one, we even make a few for you based on your spending.
  
• Be Smart About Your Credit Score: Get your free credit score, no credit card required. You’ll learn how it’s calculated and get tips.
• This budgeting management tool syncs with a user account to track spending.

2. NerdWallet: Credit Score, Budgeting & Finance

NerdWallet does its best to make money management enjoyable, clash full of catchy phrases like “Cha-Ching” when you make a deposit and encourage like “Great!” “And you’re trying to reign in expenses. Like the others, it gives you an image of your financial health (called Nerd’s eye view).

See the bigger picture of your money, stay in the know whenever your credit score or finances change and get personalized recommendations to help you grow your money and reach your financial goals.

Download this personal finance app today and join the millions of people who are already using NerdWallet to make smart money moves.

Features of NerdWallet: Budgeting & Finance App:

• Easily see the bigger picture of your money: Get a clear and complete view of your finances. With easy-to-read summaries and insights, you can easily check your credit score report, account balances, spending and more – all on one screen.
• Stay close to your money with notifications and alerts: We’ll keep you up to speed when anything major changes to your finances – whether it’s a large purchase, deposit or major change to your credit score.
• Get personalized recommendations: See how you can build your credit score, avoid paying late fees, earn more interest and more – all with insights that are personal to you.
• Grow your money with rewards: Maximize your points and miles, earn more cashback and easily find the best products for you.
• Track your total money: Know your grand total and easily see how you’re doing across your checking, savings, investment, and retirement accounts – all on one screen.
• See the ins and outs of your money every month: We factor in your income, expenses and upcoming bills so you know how much you have left to save or spend – making it easy to check how you’re doing.
• Know where your money is going: After linking your accounts, you can easily see your spending broken down by category to help you spot trends.

3. YNAB Budget, Personal Finance App

YNAB will help you break the paycheck to paycheck cycle, get out of debt, and save more money. On average, new users save $600 in the first two months and more than $6,000 in the first year. Try it free for 34 days.

Free for 34 Days
We don’t want your money unless you feel like YNAB is helping you gain control of yours. In fact, we offer a No-Risk, 100% Money-Back Guarantee. At any point, if you don’t feel like you have more control of your money with YNAB, we’ll give you a full refund. No questions asked.

Features of YNAB — Budget App:

• Bank Syncing: Easily connect all your accounts in one place and import your transactions, so you always have up-to-date information.
• Transaction Matching: Prefer to enter transactions yourself? You can! YNAB will match up imported transactions with those you enter yourself so your account balances are always accurate.
• On the Go: Real-time access to all your budget data across multiple devices means you can budget with a partner and always have the info you need to make good spending decisions.
• Goal Tracking: Go beyond an expense tracker. Set goals and immediately see when you’ll be able to reach them.
• Reporting Bliss: Detailed, visual spending and trend reports help you measure progress and improve.
• Personal Support: Our friendly support team is available around the clock via email, live chat, and offer 100+ free, live budgeting workshops every week.

4. Goodbudget: Budget & Finance

Goodbudget (formerly EEBA, the Easy Envelope Budget Aid) is a money manager and expense tracker that’s great for home budget planning. This personal finance manager is a virtual update on your grandma’s envelope system–a proactive budget planner that helps you stay on top of your bills and finances.

Built for easy, real-time tracking. And, sync across Android, iPhone, and the web to share your budget with your budgeting partners. Keep everyone on the same page with household finances.

Features of Goodbudget: Budget & Finance App:

• Automagically syncs across Android, iPhone, and the web.
• Stay on the same page about finances with loved ones.
• Data is automatically and securely backed up to Goodbudget’s website.
• Expense tracking optimized for speed.
• Check Envelope & Account balances.
• Save for the future with Goal and Annual Envelopes.
• Scheduled transactions and Envelope fills.
• Split expense transactions.
• Save time with smart payee and category suggestions.
• Easily transfer funds between Envelopes and Accounts.
• Location-based widget! Enter common transactions in exactly 3 touches. Control in Settings. (Note: widget will not be available if you move app to SD due to Android limitation).

5. Wally – Smart personal finance

Wally is the best way to track all your accounts, spending, and set budgets so you can reach your financial goals easily. Since 2014, Wally has helped millions of people just like you take control of their finances. You’ll love how Wally simplifies your day-to-day finances and puts you in control.

Features of Wally – Smart personal finance App:

• Sync all your accounts and automatically track them from one place.
• Instantly get up to 2 years of insights on your spending patterns.
• Know and improve your net worth across all your asset and liability accounts.
• Track all your account balances in real-time.
•  Manage all your foreign currency accounts and digital wallets in one place.
• Get all your transactions automatically categorized and organized in your financial calendar.
• On-the-go highlights on your recent spending and what’s coming ahead.
• Get key insights on your spending by category, business, tag, account, and currency.
• Interactive pie, bar and line charts make it fun to visualize and understand your finances.
• Scan, attach and organize your receipts and write notes to transactions.
• Plan upcoming payments with reminders and shopping lists.

6. Personal Capital 

Career Institute of Capital Market is a Financial technology solutions provider and capital markets training institute specializing in providing solutions and training to its customers in Indian Commodity and Stock markets based on combined efforts of human and computer algorithms by doing fundamental analysis, Technical Analysis, derivatives analysis and sentimental analysis of the markets.

Features of Personal Capital Adviser App:

• With the free Personal Capital app, you can easily and quickly link your accounts.
• Our app integrates with over 14,000 financial institutions, including Fidelity, Schwab, Wells Fargo, and thousands of local and regional credit unions. You can be up and running in about a minute for a 360-degree view of your financial life.
• Our sole aim is to minimize losses and maximize returns for our customers and we do so by educating them of the trading discipline and robust money & risk management.
• Set a spending target and track it on the go. Quickly check your status by day, week, month, or year. Access your spending simply by checking the date.

7. PocketGuard

PocketGuard is one of the leading, easiest to use personal finance apps in the US and Canada. This handy tool can finally make money management and budgeting trouble-free. Paying bills, managing multiple accounts, staying on top of your spending habits — all of this is now available in one place.

Features of PocketGuard Budgeting Apps:

• Track your income and expenses.
• See exactly how much is in your pocket.
• Compare your spending habits month by month.
• Create spending limits and get timely notifications when the balance is low.
• Establish saving goals and reach them with the spending tracker.
• Stay on top of your spending habits — see exactly how much money is spent and where exactly it goes
  Receive timely reminders about credit card bills and loan payments.
• Get alerted when a bank fee or any unwanted charge hits your account.
• 256-bit SSL encoding protects all of your sensitive data.
• Additional 4-digit PIN ensures no one can access your financial data if the phone is lost or stolen.

8.  Acorns – Invest Spare Change

Acorns are your guide to financial wellness. We’ll help you invest, save and spend responsibly for just $1, $2 or $3 per month. No surprise fees, just surprise upgrades. Join over 7 million investors and start investing your spare change for the future. Supported by leading investors, innovators and press like BlackRock, PayPal, Ashton Kutcher, and CNBC.

Features of Acorns – Invest Spare Change:

• Automatically invest your spare change from everyday purchases.
• Learn how to get more from your money with easy-to-understand articles and videos from financial experts
• Add or withdraw your money whenever you need to.
• Just answer a few simple questions to get your own investment portfolio built by experts and personalized to fit your goals.
• The only checking account with a debit card that saves and invests for you.
• No low-balance or overdraft fees and free or fee-reimbursed ATMs nationwide.
• A sleek, tungsten metal debit card in signature Acorns green.
• Earn up to 10% extra bonus investments from select local restaurants and businesses.
• All your information is protected by bank-level security, 256-bit encryption and never stored on your devices.
• Acorns Securities, LLC is a member of the Securities Investor Protection Corporation (SIPC). Your investments are protected up to $500,000.
• Acorns Spend is an FDIC-insured checking account all the way to $250,000, plus fraud protection and instant, all-digital card lock

Final Thoughts:

If you’ve been having difficulty managing your finances, you can definitely get good reliable help with the many budgeting apps out there. Since there are so many, the trick is going with the one that best fits your personal needs and preferences.

Also, many budgeting apps aren’t limited to budgeting alone. As you can see from many of the apps appearing on this list, some can help you with everything from saving and investing money, to reducing bills, to finding the best deals on insurance.

The apps reviewed here make co-managing money with others a breeze. By linking your checking and savings account you can take the stress out of budgeting and tracking your expenses manually. With the help of these apps, you’ll not only be able to collaborate better, but you’ll make more effective money management decisions – like agreeing on a cost-effective vacation or deferring the purchase of a new car – based on more financial transparency.

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