In today’s world, it’s easy to spend at every single turn. From online shopping, to membership fees for websites like Spotify or Netflix, to debit card purchases, we continually rack up charges, big and small. It can be difficult to keep track of all of them, and by the time you know it when bill time comes around — you’re broke. All those little purchases add up, and if you aren’t hands-off with your finances, you have no one to blame but yourself. Here are the top budgeting apps to keep track of your money and help keep more of it in your pocket and bank accounts.
This app fancies itself as an all-in-one budgeting tool. You originally input your spending, investments, account balances, credit cards, and bills. Then, once you begin making purchases, receiving income such as pay checks or other money, and pay bills, you update the app with the exact dollar amount of everything coming in and out. As time goes on, Mint will continually update your accounts and financial situation as well. You’ll be reminded of bill due dates, be able to set up budgets based on time periods between receiving income and even see your credit score. Designed by Turbo Tax, this app has been well-received, being mentioned in the Huffington Post, PC Magazine and Time, just in the last year.
Depending on how much you use online shopping and virtual bank accounts, you may not see this as a valuable budgeting tool. But PayPal is the world’s largest internet bank essentially, and used as the go-between for many retailers are private buyers, as well as exchanging money for sites such as Ebay. It can be very helpful in setting up subscriptions to online services as you are able to see in real-time when the fee is supposed to renew and organize where it’s paid from. You can register not only your personal banking accounts, but credit and debit cards as well. Then, while on many of the sites that accept Paypal, such as Best Buy and Abercrombie & Fitch, users can choose what payment method they want to use, including your PayPal balance itself. Another great advantage to using PayPal is how well they look into fraudulent charges and the swiftness to which you can expect a resolution and reversal. They also have a business invoice app if you run an online company and want to swiftly send receipts to your customers and keep track of payments coming in.
One of the features quite important to a finance app is syncing ability. Users can use Home Budget across multiple devices, whether your phone, tablet or laptop/PC. This can be particularly for families keeping track of their household budgeting as well as keeping an eye on their children’s spending. Here, you can create your own specific areas of spending or income, and input changes directly from the app’s homepage widget. If you travel to other countries, Home Budget will automatically detect your location and calculate your finances to their specific currency. It also offers pie chart statistics on your budget and registering different income and expenses as regular or one-off payments. Combined with the ability to include photos of your transaction receipts, searching and tracking bill payments and the ability to email various breakdowns to yourself, this is one of the top budgeting apps to take a look.
This app is exactly what it sounds like. In its artful and simple design, users begin by entering in their total money. Then, as purchases are made, record them and you will noticed the costs deducted from your overall balance. There are several categories such as food and drinks, groceries, clothes and transportation to choose from, and you can enter in the dates of the transactions in real-time or later if you forgot. When you receive a new income, simply enter it into the app and it will reflect on your overall account balance instantaneously. Users can easily see summaries of the categories that they’ve used, so you can see how much you’re spending on certain things. You can also create a budget on a weekly/biweekly/monthly level for the categories to ensure that money is already designated before you even spend a penny.
Created by the same developer as Mint, Quickbooks Self-Employed is for entrepreneurs and independent contractors. Its breezy interface allows users to create invoices for clients, keep track of them and send notices swiftly. Its depth allows for expenses to be recorded and categorized to save users time and hassle when it comes to tax season. And if you upgrade to the Turbo Tax package, the app will import that information into its software and make filing your business expenses that much easier.
This is a broad recommendation, but it’s essential if you have a device and want to keep track of your bank account. Every major bank across the world has an app that includes basic functionality such as reviewing your account history, making bill payments, sending transfers, and applying for new services. This is just the same as going to their website or phoning them but it’s all available from just a few taps. Chances are if you haven’t looked, your bank has an app that will give you details on all your incoming and outgoing finances through them.
These days, having a an app to keep track of your budget seems like a great idea no matter your money managing skill-level. With so many places to spend money and income coming from this or that, hacking, data leaks — following it all can help you greatly. It allows you to pull up your finances on the spot and both change habits and create new ones. The top budgeting apps in this list give you an opportunity to become more responsible with your money and ultimately, keep it in your pocket. With even more advances such as mobile payments and sites like Uber, online financing is only going to become more and more normal.