Budgeting apps to help reach financial goals

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Sticking to a budget can be confusing and time-consuming—especially without the help of an expensive financial advisor. Fortunately, there is another option. These budgeting apps are cheap, easy to use, and have helped thousands of people reach their financial goals.

Mint

Mint is one of the oldest and most popular budgeting apps on the market. By connecting your bank accounts and credit cards, this free program allows you to create a budget and track your spending. To prevent overspending, Mint will send you alerts when you exceed your budget. In addition, it categorizes your transactions, so you can see where you spend the most money each month.

You Need a Budget

You Need a Budget helps you construct a spending plan based on your individual income. The app is based around the idea that every dollar you earn should have a “job”, whether it’s paying off a loan or making an investment. This concept of intentional spending, along with additional features like debt payoff and goal tracking, have helped thousands of people get out of debt.

Wally

Instead of wasting time manually typing in every transaction you make, Wally allows you to track your expenses by simply taking a picture of your receipts. In doing so, the app provides you with a comprehensive look at your budget by comparing your income to your expenses. Like most budgeting apps, it allows you to set savings goals and track your spending habits. In addition, Wally is free to use and offers support for nearly every foreign currency.

Pocket Guard

Pocket guard builds you a personalized budget based on your income, bills, and saving goals. By linking your credit cards, bank accounts, and loans, Pocket Guard immediately categorizes your transactions so you can see where your money is going as you spend it. In addition to preventing overspending, the app also helps you discover better deals on monthly service costs like phone or internet bills.

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