Finding a way to make budgeting your money as easy as possible may give you the nudge you need to follow through and conquer adulting. Whether you earn $15 an hour or $200,000 a year, having a reasonable spending plan is key to financial success.
Most budgeting apps will automatically connect to your bank account, making it easier to track your spending and see where your money is going. Some of these apps do more than that.
1. Mint
This app from the parent company Intuit is the most popular free budgeting app and is excellent for people looking for a simple and effective way to budget their money.
Mint allows you to categorize your spending into fixed expenses like rent and cable, food including dining out and groceries, and transportation expenses like car payments and gas.
2. YNAB (You Need A Budget)
This app is perfect for those looking to handle their spending and start managing your money. YNAB helps you create a budget and track your progress so you can see where you need to make adjustments.
Dave Ramsey and the Ramsey Solutions team created this app. It follows the theory behind a cash lifestyle and promotes debt freedom. It uses the zero-based budgeting platform yet simplifies the system for easier money management.